Ellenbarrie Industrial Gases IPO subscribed overall 22.19 times on the last day, while the retail quota was subscribed 2.14 times, QIB subscribed 64.23 times, and NII quota subscribed 15.21 times respectively.
Details About Ellenbarrie Industrial Gases IPO
Ellenbarrie Industrial Gases got approval from SEBI for an IPO of ₹852.53 crores, which is entirely comprised of a fresh issue of ₹400 crores and an offer for sale up to 1,13,13,130 equity shares with a face value of ₹2 each.
Moreover, the company has set up a price band between ₹380 to ₹400 per share. In this IPO total of 37 shares were available in 1 lot size for the minimum Retail category, and for the maximum retail category, 481 shares in 13 lot sizes. S-HNI (Min) has a total of 518 shares in 14 lot sizes, while B-HNI Minimum has a total of 2,516 shares available in 68 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,800 and maximum investment of ₹1,92,400.
- Small HNI (S-HNI): Minimum investment of ₹2,07,200.
- Big HNI (S-HNI): Minimum investment of ₹10,06,400.
Subscription duration of the Ellenbarrie Industrial Gases IPO
The opening date of the Ellenbarrie Industrial Gases IPO subscription was June 24, 2025, and the close date was June 26, 2025. The Ellenbarrie Industrial Gases IPO allotment was finalized on June 27, 2025, and the IPO listing is on July 1, 2025.
Funds Deployment of This Company
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
- Setting up of an air separation unit at the Uluberia-II plant with a capacity of 220 TPD.
- General corporate purposes.
About Ellenbarrie Industrial Gases IPO
Founded in 1973, Ellenbarrie Industrial Gases Limited (EIGL) is a leading company in the production and supply of industrial, medical, and specialty gases. As one of India’s oldest industrial gas providers, they offer a wide range of essential gases such as oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon, and nitrous oxide. The company also supplies dry ice, synthetic air, fire-fighting gases, medical oxygen, LPG, welding mixtures, and other specialty gases.
The company offers project engineering services using technical expertise to design, engineer, supply, install, and commission tonnage air separation units (“ASUs”) on a turnkey basis.
Moreover, Ellenbarrie Industrial also supplies medical equipment such as anaesthesia workstations, spirometers, ventilators, sterilizers, bedside monitors, and lung diffusion testing machines to healthcare facilities. The company includes 250 permanent and 67 contractual employees as of March 31, 2024.
Ellenbarrie Industrial Gases IPO Financial Background
The company reported revenue of ₹348.43 crores in 2025 against ₹290.2 crore in 2024. The company reported profit of ₹83.29 crores in 2025 against profit of ₹45.29 crores in 2024.
