Ellenbarrie Industrial Gases IPO Opens June 24: Key Details, Price Band, and Company Insights

Ellenbarrie Industrial Gases Limited (EIGL) is all set to hit the primary market with its ₹852.53 crore Initial Public Offering (IPO). The issue is a mix of a fresh issue and an offer for sale (OFS), and will open for public subscription from June 24 to June 26, 2025.

The IPO will be listed on both BSE and NSE, with the tentative listing date scheduled for July 1, 2025 (Tuesday). The allotment of shares is expected to be finalized by June 27, 2025 (Friday).

Issue Structure and Price Band

The total issue size stands at ₹852.53 crore, comprising:

• Fresh issue of 1 crore equity shares, amounting to ₹400 crore

• Offer for sale (OFS) of 1.13 crore equity shares, valued at ₹452.53 crore

The price band has been fixed between ₹380 and ₹400 per share. Retail investors can apply for a minimum of 37 shares, requiring an investment of ₹14,060. However, to improve allotment chances amid potential oversubscription, bidding at the cutoff price is recommended, which totals around ₹14,800.

For High Net-Worth Individuals (HNIs):

• sNIIs (Small NIIs) must bid for at least 14 lots (518 shares)  approx. ₹2,07,200

• bNIIs (Big NIIs) must bid for 68 lots (2,516 shares)  approx. ₹10,06,400

Investors can place bids in multiples of 37 shares beyond the minimum.

Company Overview: Ellenbarrie Industrial Gases Ltd (EIGL)

Founded in 1973, Ellenbarrie Industrial Gases is a leading Indian manufacturer and supplier of industrial, medical, and specialty gases. Its product portfolio includes:

• Oxygen, Nitrogen, Carbon Dioxide, Argon, Helium, Hydrogen, Acetylene

• Specialty gases like Nitrous Oxide, Dry Ice, Synthetic Air, and Medical Oxygen

• Fire-fighting gases and LPG

• Welding mixtures for industrial applications

The company also provides turnkey engineering services, especially for tonnage air separation units (ASUs). Additionally, EIGL offers medical gas pipeline installations and equipment for hospitals, including ventilators, monitors, sterilizers, spirometers, and anesthesia workstations.

Financial Performance

EIGL has shown strong financial growth over the past year. Between FY24 and FY25, the company reported:

• A 20% increase in total revenue

• An 84% surge in Profit After Tax (PAT)

This performance reflects robust demand across sectors such as healthcare, manufacturing, and energy, along with efficient operational management.

With a diversified product range, strong financials, and an experienced presence in critical industries, Ellenbarrie Industrial Gases presents a promising investment opportunity. The IPO offers a blend of growth potential and essential sector exposure, making it a candidate for both retail and institutional interest.

Disclaimer: This article is intended for educational and informational purposes only. Investors should consult financial advisors before making investment decisions.