ELLENBARRIE INDUSTRIAL GASES IPO
ELLENBARRIE INDUSTRIAL GASES IPO is a fully book-built issue and the total IPO size is ₹852.53 crores. The share offering consists of a fresh issue worth ₹400 crores and an offer for sale of up to 1,13,12,000 equity shares.
The dates for the ELLENBARRIE INDUSTRIAL GASES IPO are from June 24, 2025 to June 26, 2025.
The allotment process is expected to be finalized by June 27, 2025. The ELLENBARRIE INDUSTRIAL GASES IPO is scheduled to list on BSE, NSE, with a tentative listing date of July 1, 2025.
The price band for the ELLENBARRIE INDUSTRIAL GASES IPO is ₹380 to ₹400 per share.
Registrar for this IPO is KFin Technologies Limited and lead managers for ELLENBARRIE INDUSTRIAL GASES IPO are Motilal Oswal Investment Advisors Limited, IIFL Securities Limited, JM Financial Limited.
If you're exploring investment opportunities, check out other upcoming IPOs in India and SME IPO listings.
IPO Schedule
| IPO Open Date | Tuesday, 24 Jun, 2025 |
|---|---|
| IPO Close Date | Thursday, 26 Jun, 2025 |
| IPO Allotment Date | Friday, 27 Jun, 2025 |
| Refund Initiation | Saturday, 28 Jun, 2025 |
| Share credit in Demat | Saturday, 28 Jun, 2025 |
| Listing Date | Tuesday, 01 Jul, 2025 |
Key Details
| Price Band | ₹380 to ₹400 Per Share |
|---|---|
| Lot Size | 37 Shares |
| Face Value | ₹2 Per Equity Share |
| Total Issue Size | ₹852.00 Crores |
| Fresh Issue | ₹400.00 Crores |
| OFS Issue | 14,427,620 Shares |
| Issue Type | Fresh Issue and Offer for Sale |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | 14,800 |
| Retail (Max) | 13 | 481 | 192,400 |
| S-HNI (Min) | 14 | 518 | 207,200 |
| S-HNI (Max) | 67 | 2479 | 991,600 |
About ELLENBARRIE INDUSTRIAL GASES LIMITED Company
Ellenbarrie Industrial Gases Limited is the largest 100% Indian-owned industrial gases company based on installed manufacturing capacity as of March 31, 2024, revenues, and profitability in Fiscal 2024. With a legacy of over 50 years, the company manufactures and supplies a wide range of industrial gases, including oxygen, carbon dioxide, nitrogen, argon, and acetylene, catering to diverse industries.
Our revenue from operations increased to ₹26.94 crore for Fiscal 2024. We offer various supply modalities (onsite, bulk, and packaged). As of March 31, 2024, we operate eight facilities across East, South, and Central India. Further, we have two facilities under construction.
Beyond gas production, Ellenbarrie provides project engineering services, designing, installing, and commissioning tonnage air separation units (ASUs). We also offer medical gas pipeline systems solutions and supply related medical equipment. Long-standing customer relationships, averaging over 10 years for top clients, contribute to stable cash flows. We are well-positioned to capitalize on industry growth, driven by government initiatives and increasing demand from key sectors.
ELLENBARRIE INDUSTRIAL GASES LIMITED Financial Details
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 672.53 | 551.27 | 414.06 |
| Revenue | 269.48 | 205.11 | 244.58 |
| Profit After Tax | 45.29 | 28.14 | 67.16 |
| Net Worth | 409.89 | 363.06 | 338.33 |
| Reserves and Surplus | 403.35 | 356.51 | 331.78 |
| Total Borrowing | 176.89 | 101.10 | 10.71 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 3.46 | 18.10% | 19.11 | 0.03 | 11.05% | 12.22% |
Offer Objectives
The Offer encompasses a fresh issue of equity shares with a face value of ₹2 each, aggregating up to ₹400 crore, alongside an Offer for Sale (OFS) of up to 14,427,620 equity shares. The company won't receive proceeds from the OFS.
Fresh Issue Proceeds Utilization: The net proceeds from the fresh issue will be allocated towards three primary objectives:
Debt Reduction: Repayment/prepayment of certain outstanding company borrowings, amounting to ₹176.90 crore.
Air Separation Unit (ASU): Setting up an air separation unit at the Uluberia -II plant with a capacity of 220 TPD, allocated ₹130 crore.
Corporate Expenses: Funding general corporate purposes, not exceeding 25% of the gross proceeds.
Uluberia -II Plant Details: The total estimated cost for the Uluberia -II Plant project is ₹19.04 crore. As of July 31, 2024, ₹1.80 crore has already been deployed from internal accruals.
Pre-IPO Placement: The company may consider a Pre-IPO placement, not exceeding 20% of the fresh issue size, potentially reducing the fresh issue amount.
Company Details
Address:
3A, Ripon Street, Kolkata - 700016, West Bengal, India.
Phone: 033-48226521
Email: [email protected]
Website: http://www.ellenbarrie.com
IPO Registrar Details
KFin Technologies Limited
Phone: +91 40 6716 2222, 1800 309 4001
Email: [email protected]
Website: http://www.kfintech.com
Offer Prospectus & Documents
Lead Managers
- Motilal Oswal Investment Advisors Limited
- IIFL Securities Limited
- JM Financial Limited
