Ellenbarrie Industrial Gases Limited IPO

Ellenbarrie Industrial Gases Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹380 - ₹400

Total Issue

₹852.53 Cr

Bid Dates

24 Jun - 26 Jun

Subscription

22.19x

Est. GMP

₹51 (12.75%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Ellenbarrie Industrial Gases manufactures & supplies a wide range of industrial and specialty gases—including oxygen, nitrogen, helium, & medical oxygen as well as dry ice & related products. It holds a leading market position in WB, AP, & Telangana in terms of installed manufacturing capacity as of Mar 31, 2025. It also provides turnkey project engineering services for air separation units & medical gas pipeline systems, along with supplying medical equipment such as ventilators, monitors, & sterilizers to healthcare facilities.

Lot Info

Lot Information for Ellenbarrie IPO
Category Lots Shares Amount
Retail (Min) 1 37 ₹14,800
Retail (Max) 13 481 ₹1,92,400
S-HNI (Min) 14 518 ₹2,07,200
S-HNI (Max) 67 2,479 ₹9,91,600
B-HNI (Min) 68 2,516 ₹10,06,400

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹852.53 Cr
Fresh Issue
₹400.00 Cr (1.00 Cr Shares)
Offer For Sale
₹452.53 Cr (1.13 Cr Shares)

Objects of Issue

  1. Repayment of certain outstanding borrowings availed by Company
  2. Setting up of an air separation unit at Uluberia-II plant with a capacity of 220 TPD
  3. General corporate purposes

Grey Market Premium

GMP ₹51
Est. Price ₹451
Est. Gain 12.75%

Ellenbarrie IPO Peer Comparison

(Rs. in crores)

Ellenbarrie IPO Peer Comparison Table
Particulars Ellenbarrie Linde India
Revenue from Ops (in Crs.) 312.48 2,485.38
PAT (In Crs.) 83.29 454.85
EPS - Basic 6.36 53.33
NAV per share 25.48 447.91
RONW 24.97% 11.91%
EBITDA 35.12% 30.78%
PAT Margin 23.90% 17.81%
Price to earning (PE) 62.89 140.74
Net Debt to Equity 0.32 -0.04
  • All information pertains to FY 2024-25.
  • PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 6, 2024 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Ellenbarrie IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 312.48 269.48 205.11
Profit after Tax 83.29 45.29 28.14
Net Worth 333.62 250.15 203.32
Total Borrowing 245.30 176.90 101.10
Total Assets 845.97 672.54 551.27
NAV per share (in ₹) 25.48 19.11 15.53
EPS - Basic (in ₹) 6.36 3.46 2.15

KPIs

EBITDA

35.12%

PAT

23.90%

ROE

16.88%

ROCE

13.71%

Net Debt to Equity

0.32

PE Ratio

62.89

PB Ratio

15.70

Mkt Cap (in Crs.)

5,637.42

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

96.47%

Public

3.53%

Padam Agarwala 61.66%
Varun Agarwal 25.30%
Shanti Agarwala 9.50%
Others 0.01%

Management

Padam Agarwala Chairman & MD
Varun Agarwal Joint MD
K. Srinivas Prasad CFO

Registrar & Lead Managers

Registrar

KFin Technologies

KFin Technologies

Subscription Status

Updated as on 26-Jun-2025 19:00:00

Mainboard Subscription Status for Ellenbarrie IPO
Category Sub (x) Offered Bids
QIB 63.13 42,62,627 26,90,79,281
NII 15.58 31,96,970 4,98,12,434
bHNI 17.42 21,31,313 3,71,18,400
sHNI 11.91 10,65,657 1,26,94,034
Retail 2.20 74,59,596 1,63,92,110
Total 22.47 1,49,19,193 33,52,83,825

Frequently Asked Questions

What is Ellenbarrie IPO?
Ellenbarrie IPO is a Mainboard IPO having an issue size of ₹852.53 Crs. Ellenbarrie IPO is priced at ₹380 - ₹400 per share. The issue opens on 24 Jun 25 and closes on 26 Jun 25.
When will Ellenbarrie IPO open?
Ellenbarrie IPO opens on 24 Jun 25 and closes on 26 Jun 25.
What is the GMP of Ellenbarrie IPO?
The estimated Grey Market Premium of Ellenbarrie IPO is ₹51 per share (12.75%).
What is the lot size of Ellenbarrie IPO?
The minimum lot size of Ellenbarrie IPO is 37 shares & the minimum application amount is Rs. 14800.
When is the allotment of Ellenbarrie IPO?
The allotment date of Ellenbarrie IPO is 27 Jun 25.
What is the listing date of Ellenbarrie IPO?
The listing date of Ellenbarrie IPO is 01 Jul 25.
What is the subscription of Ellenbarrie IPO?
Ellenbarrie IPO is subscribed 22.19 times.
What is the price band of Ellenbarrie IPO?
Ellenbarrie IPO is priced at ₹380 - ₹400 per share.
How to check allotment status of Ellenbarrie IPO?
Click the allotment link on Ellenbarrie IPO page of IPO360.
How to apply Ellenbarrie IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Ellenbarrie IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Ellenbarrie IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Ellenbarrie IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date