Capital market regulator SEBI gave the green signal to the Ellenbarrie Industrial Gases to launch the IPO.
On September 18, 2024, One of the leading manufacturers of Industrial gases, Ellenbarrie Industrial Gases submitted its draft papers with SEBI in order to launch an IPO, which was in the queue for a while. In contrast to that, recently market regulator SEBI gave a nod to the company to launch the IPO.
This IPO comprises of a mixture of both fresh issue and Offer-for-sale components. In which the fresh issue of equity shares worth Rs.400 crore and an Offer-for-sale of up to 1.44 crore equity shares.
Padam Kumar Agarwala and Varun Agarwal are the promoters who will sell shareholders in the Offer-for-sale.
Ellenbarrie Industrial Gases is one of the largest Industrial gas companies, they are renowned for the manufacturing and supplying of industrial gasses including oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon, nitrous oxide, dry ice, synthetic air, fire-fighting gases, medical oxygen, liquid petroleum gas, welding mixture, and specialty gases to the diverse range of sectors. The company offers various turnkey solutions for medical gas pipeline systems that consist of design, installation, and maintenance of the systems. Moreover, they also help their patients by providing necessary healthcare facilities such as anesthesia workstations, ventilators, spirometers, and sterilizers.
The company will also be planning to raise funds of Rs.80 crores in the pre-IPO placement. If the funds are successfully raised through pre-IPO placement. The fresh issue amount will be deducted by Rs.80 crores respectively.
The reason behind raising funds through this IPO is to use the proceeds for the prepayment and repayment of the existing borrowings and launch an air separation unit at the Uluberia-II plant with a capacity of 220 TPD.
Motilal Oswal Investment Advisors, IIFL Securities, and JM Financial are the book-running lead managers of this issue.
Ellenbarrie Industrial Gases IPO Prospectus:
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | To be Updated Soon |
Ellenbarrie Industrial Gases Company Financial Report
Amount ₹ in Crores
Period Ended | Revenue | Expense | Profit After Tax |
2022 | ₹255.90 | ₹180.17 | ₹67.16 |
2023 | ₹223.71 | ₹186.45 | ₹28.14 |
2024 | ₹290.20 | ₹225.99 | ₹45.29 |
Ellenbarrie Industrial Gases IPO Valuation – FY2024
Ellenbarrie Industrial Gases IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | ₹3.46 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 18.10% |
Net Asset Value (NAV): | ₹19.11 |
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Linde India Limited | 50.90 | 161.68 | 12.52% | 406.69 | 2,845.68 Cr. |
Objects of the Issue
- To be updated soon
IPO Lead Managers aka Merchant Bankers
- Motilal Oswal Investment Advisors Limited
- IIFL Securities Limited