ellenbarrie industrial gases ipo detail 2025: gmp, subscription, allotment & listing price

ellenbarrie industrial gases ipo detail 2025: Explore the GMP, subscription process, allotment details, and expected listing price for the Ellenbarrie Industrial Gases IPO.

The Ellenbarrie Industrial Gases IPO is one of the most anticipated initial public offerings in 2025. With a total issue size of ₹852.53 crores, it is a combination of both fresh issues and an offer for sale. This IPO has gained significant attention due to the company’s impressive growth trajectory, its prominent position in the industrial gas manufacturing sector, and the exciting prospects it offers to investors. If you are looking to apply for this IPO, this comprehensive guide will walk you through the details, from the company’s background to the specifics of the issue.

1. Introduction: What is Ellenbarrie Industrial Gases IPO?

The Ellenbarrie Industrial Gases IPO is a book-building process for the offer of 2.13 crore shares, aggregating to ₹852.53 crores. The IPO consists of two parts: a fresh issue of 1 crore shares, amounting to ₹400 crores, and an offer for sale of 1.13 crore shares, aggregating to ₹452.53 crores. The price band for the IPO has been set between ₹380 and ₹400 per share, with a minimum lot size of 37 shares. The IPO opens for subscription on June 24, 2025 and closes on June 26, 2025, with the allotment to be finalized on June 27, 2025.

Ellenbarrie Industrial Gases (EIGL) has established itself as a leading provider of industrial gases, such as oxygen, nitrogen, carbon dioxide, and acetylene, among others. It caters to a wide variety of industries, from healthcare and pharmaceuticals to steel and petrochemicals.

What Will You Learn in This Blog?

In this blog, we will provide you with a detailed breakdown of the Ellenbarrie Industrial Gases IPO, covering:

• Company background and operations

• IPO specifics like the issue size, price band, and lot size

• Information on the Grey Market Premium (GMP)

• Peer comparison

• Subscription details and allotment process

• Should you apply? – Pros and cons of investing

• FAQs related to the IPO

Let’s dive into the details of this upcoming IPO!

2. Company Background: Who is Ellenbarrie Industrial Gases?

What Does Ellenbarrie Industrial Gases Do?

Ellenbarrie Industrial Gases Limited (EIGL), incorporated in 1973, specializes in the production and supply of a wide range of industrial, medical, and specialty gases. The company provides gases like oxygen, nitrogen, hydrogen, helium, and carbon dioxide. They also supply dry ice, fire-fighting gases, welding mixtures, and medical oxygen.

EIGL operates in three key segments:

• Bulk Customers: Liquefied gases supplied through cryogenic tankers.

• Package Customers: Compressed gases delivered in cylinders.

• Onsite Customers: Gases supplied at the customer’s location with operational and maintenance services.

Sectors Served

EIGL caters to several critical industries, such as:

• Steel Industry: Supplying gases to leading steel manufacturers.

• Healthcare and Pharmaceuticals: Working with major hospitals and pharmaceutical companies like AIIMS and Dr. Reddy’s Laboratories.

• Engineering & Infrastructure: Collaborating with companies like GMM Pfaudler and Air India Engineering Services.

• Railways, Petrochemicals, Aviation & Space, and Defence: Offering gases for industrial, transportation, and defense sectors.

Financial Overview

Here’s a look at EIGL’s financial performance over the last few years:

Strengths and Weaknesses

Strengths:

• Established Market Position: EIGL has been a leader in the industrial gases industry for over 50 years.

• Diverse Client Base: The company serves a wide range of industries, making it less vulnerable to sector-specific downturns.

• Financial Growth: Consistent growth in revenue and profitability over the years.

Weaknesses:

• Capital-Intensive Industry: The business requires significant investment in manufacturing facilities and machinery.

• Debt Levels: While manageable, the company’s debt levels could limit flexibility in expanding operations.

3. IPO Details: Price Band, Lot Size & More

The Ellenbarrie Industrial Gases IPO offers investors an opportunity to invest in a company with a strong growth trajectory in the industrial gases space. Below are the key details of the IPO:

IPO Timeline (Tentative Schedule)

Price Band & Lot Size

The price band for the IPO has been set at ₹380 to ₹400 per share. The minimum lot size is 37 shares, which means the minimum investment for retail investors is approximately ₹14,800. To avoid oversubscription, it’s advisable to bid at the cutoff price (₹400), bringing the total investment to ₹14,800.

Here’s a breakdown of the lot size and investment amount for different categories of investors:

IPO Issue Structure

• Fresh Issue: ₹400 crores (1 crore shares)

• Offer for Sale: ₹452.53 crores (1.13 crore shares)

• Public Offering: 100% of the issue is being offered to the public

• Reservation for Retail Investors: Not less than 35% of the total issue size

• Reservation for NII Investors: Not less than 15% of the total issue size

Grey Market Premium (GMP)

The Grey Market Premium (GMP) for the Ellenbarrie Industrial Gases IPO is expected to be in the range of ₹20-₹30 per share. This indicates a positive market sentiment and potential listing gains. However, it’s important to track the GMP closely during the subscription period as it can fluctuate.

Past GMP Trends

Although this is the first IPO for EIGL, the GMP trends for similar industrial gas companies indicate a strong demand for the stock, which could translate to attractive listing gains once the IPO hits the market.

4. Subscription Status

Once the IPO opens, we’ll update the day-wise subscription numbers. Typically, retail and NII categories see strong demand, and the QIB category may also see significant participation. Keep an eye on the subscription details as the IPO progresses.

5. Allotment & Listing Details

Investors can check their allotment status on the registrar’s website (Kfin Technologies) once the allotment process is completed.

Key Dates

• Allotment Date: June 27, 2025

• Listing Date: July 1, 2025

• Refund Initiation: June 30, 2025

How to Check Allotment Status

To check the allotment status, visit the registrar’s official website. The link for checking allotment status will be activated after the allotment date.

6. Should You Apply?

Positives:

• Strong Financial Growth: EIGL has shown impressive growth in revenue and profit over the years.

• Market Leadership: The company is a key player in the industrial gases sector, which is expected to grow in the coming years.

• Listing Gains: With the expected GMP of ₹20-₹30 per share, investors may see good listing gains.

Risks:

• Debt Levels: The company’s debt, although manageable, could restrict its ability to scale operations in the future.

• Sector Dependency: The company’s fortunes are closely tied to the industrial and healthcare sectors, which can be cyclical.

Conclusion:

EIGL is a well-established player in the industrial gases market with strong financials and growth prospects. If you're looking for a medium to long-term investment in the industrial sector, this IPO could be worth considering. However, as always, do your due diligence and assess your risk tolerance before applying.

7. FAQs

1. What is the price band for Ellenbarrie Industrial Gases IPO?

The price band is ₹380 to ₹400 per share.

2. When does the Ellenbarrie Industrial Gases IPO open for subscription?

The IPO opens on June 24, 2025.

3. What is the minimum lot size for retail investors?

The minimum lot size is 37 shares, with a total investment of ₹14,800.

4. How do I apply for the Ellenbarrie Industrial Gases IPO?

You can apply through your brokerage account or using UPI-based payment methods.

5. When is the Ellenbarrie Industrial Gases IPO listing date?

The tentative listing date is July 1, 2025.

8. Conclusion

In conclusion, the Ellenbarrie Industrial Gases IPO offers a promising opportunity for investors in the industrial gases space. With solid financials, strong growth potential, and a leadership position in the market, it is a strong contender for medium to long-term investment. However, it is important to assess the risks involved and make an informed decision.

Feel free to share your thoughts or questions in the comments below. Happy investing!

Disclaimer:
The information provided in this blog is for educational and informational purposes only and should not be considered as financial advice. We recommend that you consult with a certified financial advisor before making any investment decisions. Investing in IPOs involves risks, and past performance is not indicative of future results. Please ensure you perform your due diligence and assess the associated risks before investing.