Ellenbarrie Industrial Gases IPO GMP & Review: Apply or Avoid?

Posted by : sachet | Mon Jun 23 2025

Ellenbarrie Industrial Gases IPO GMP & Review: Apply or Avoid?

Ellenbarrie Industrial Gases IPO is open for bidding on 24th June 2025. It is a bookbuilding IPO of 2.13 crore shares comprising a fresh issue of 1.00 crore shares worth ₹400.00 crore and an offer for sale of 1.13 crore shares worth ₹452.53 crore. The issue will be listed on NSE and SME on its tentative listing date, 1st July 2025. 

Ellenbarrie Industrial Gases IPO Details 

Ellenbarrie Industrial Gases IPO date is fixed between 24th June 2025 and 26th June 2025. The face value of Ellenbarrie Industrial Gases Limited shares stands at ₹2 per share, and the IPO price band is fixed at ₹380 to ₹400 per share. 

Kfin Technologies Limited is the registrar of the Ellenbarrie Industrial Gases IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

IPO Open Date24th June 2025
IPO Close Date26th June 2025
IPO Allotment Date27th June 2025
Refund Initiation 30th June 2025
Issue Size2,13,13,130 shares (worth ₹852.53 crore)
Face Value₹2 per share
Lot Size37 shares
Issue Price Band₹380 to ₹400 per share
Issue TypeBookbuilding IPO
Listing AtBSE & NSE
Listing Date1st July 2025

Ellenbarrie Industrial Gases IPO Share Reservation

Ellenbarrie Industrial Gases IPO is a bookbuilding IPO issue of 2.13 crore shares worth ₹852.53 crores. Ellenbarrie Industrial Gases Limited shares will be listed on the NSE and BSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Investor CategoriesReservation Required 
QIB Shares OfferedNot More Than 50% of the Issue
Retail Shares OfferedNot Less Than 35% of the Issue
NII (HNI) Shares OfferedNot Less Than 15% of the Issue
Total Shares Offered100%

Ellenbarrie Industrial Gases IPO GMP Grey Market Premium

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on Ellenbarrie Industrial Gases IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

GMP DateIPO PriceGMPEstimated Listing Price Estimated Listing Gains
23-06-2025₹400₹13₹4133.25%
22-06-2025₹400₹13₹4133.25%
21-06-2025₹400₹13₹4133.25%
20-06-2025₹400₹0₹4000.00%
19-06-2025₹400₹0₹4000.00%
18-06-2025₹400₹0₹4000.00%

As of 23rd June 2025, Ellenbarrie Industrial Gases IPO GMP stands at ₹13 per share, which means the share will likely show a listing at ₹413 (400+13) on its tentative listing date, 1st July 2025.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Ellenbarrie Industrial Gases IPO. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends. 

Ellenbarrie Industrial Gases IPO Review

Check out the detailed Ellenbarrie Industrial Gases IPO review for a thorough understanding of its potential to report listing gains on 1st July 2025. The Ellenbarrie Industrial Gases IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Ellenbarrie Industrial Gases IPO.

Ellenbarrie Industrial Gases Limited’s revenue rose 20.06% from ₹290.20 crores in March 2024 to ₹348.43 crores in March 2025. Moreover, the company’s PAT increased by 83.90% from ₹45.29 crores to ₹83.29 crores. 

Ellenbarrie Industrial Gases Limited has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Ellenbarrie Industrial Gases IPO for its tentative listing day, which is 1st July 2025.  

Technical Analysis

A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Ellenbarrie Industrial Gases IPO.

Key IndicatorsValue
PE Ratio (Price-to-Earnings) 62.88
EPS (Earnings Per Share)6.36
RoNW24.97%
ROE (Return on Equity)16.88%
ROCE13.71%
PAT Margin (Profit After Tax)23.90%
EBITDA Margin35.12%
Market Capitalisation₹5,637.42 cr.

The PE ratio of Ellenbarrie Industrial Gases Limited shares is 62.88, and its Earnings Per Share (EPS) stands at 6.36. Thus, the Ellenbarrie Industrial Gases IPO can potentially deliver gains on its tentative listing date, 1st July 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Ellenbarrie Industrial Gases Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

IndicatorsPre-IPOPost-IPO
PE Ratio62.8867.69
EPS 6.365.91

Ellenbarrie Industrial Gases Limited Peer Comparison

Company NameRevenue (in cr.)PE RatioFace Value (in Rs)EPS RoNW (in %)
Ellenbarrie Industrial Gases Limited348.4362.8826.3624.97%
Linde India Limited2,846.00122.351053.345.12%

Ellenbarrie Industrial Gases IPO Subscription Status

Ellenbarrie Industrial Gases IPO is to be opened for bidding on 24th June 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Ellenbarrie Industrial Gases IPO Subscription Status. 

Investor CategoryShares OfferedShares SubscribedSubscription in Times
Retail InvestorsYet to be announcedYet to be announcedYet to be announced
QIBYet to be announcedYet to be announcedYet to be announced
NII (sNII+bNII)Yet to be announcedYet to be announcedYet to be announced
TotalYet to be announcedYet to be announcedYet to be announced

About Ellenbarrie Industrial Gases Limited

Ellenbarrie Industrial Gases Limited was incorporated in 1973 and specialises in the production and supply of industrial, medical, and specialty gases. It provides essential gases such as oxygen, carbon dioxide, nitrogen, helium, argon, and more. Ellenbarrie Industrial Gases Limited offers project engineering services, leveraging technical expertise to design, install, and commission tonnage air separation units (ASUs) on a turnkey basis. The company also provides medical gas pipeline solutions, assisting healthcare facilities with installing, operating, and maintaining their systems.

Ellenbarrie Industrial Gases Limited Financials

The company’s financial analysis is essential before applying for the Ellenbarrie Industrial Gases IPO. Look at the table to learn about Ellenbarrie Industrial Gases Limited’s financials. 

Year Ended31st March 2025 (in cr.)31st March 2024 (in cr.)31st March 2023 (in cr.)
Assets845.97672.54551.27
Revenue348.43290.20223.71
Profit After Tax83.2945.2928.14
Debt245.30176.90101.10
Net Worth333.62250.15203.32
Reserves and Surplus467.17403.35356.51

Explanation

Ellenbarrie Industrial Gases Limited’s revenue rose 20.06% from ₹290.20 crores in March 2024 to ₹348.43 crores in March 2025. Moreover, the company’s PAT increased by 83.90% from ₹45.29 crores to ₹83.29 crores. 

Ellenbarrie Industrial Gases IPO Bidding Requirements

Ellenbarrie Industrial Gases IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO. 

Investor CategoryLotsSharesAmount (in Rs)
Retail (Minimum)137 shares₹14,800
Retail (Maximum)13481 shares₹1,92,400
S-HNIs (Minimum)14518 shares₹2,07,200
S-HNIs (Maximum)672,579 shares₹9,91,600
B-HNI (Minimum)682,516 shares₹10,03,727

Use the lot size calculator to find how many shares you should apply!

Ellenbarrie Industrial Gases IPO Promoter Holdings

Have a look at the table below to check the holdings of Ellenbarrie Industrial Gases Limited’s promoters: Padam Kumar Agarwal and Varun Agarwal. 

Share Holding Pre-Issue96.47%
Share Holding Post-Issue-%

Note: Promoter Holdings’ value is to be calculated using Equity dilution, which represents the gap between shareholdings before and after the Issue. 

Aim of Ellenbarrie Industrial Gases IPO

The primary aim of the Ellenbarrie Industrial Gases IPO is to raise ₹852.53 crores. On the other hand, Ellenbarrie Industrial Gases Limited has decided to utilise these funds in different prospects. Explore some of the secondary objectives for Ellenbarrie Industrial Gases IPO.

  • To meet general corporate purposes. 
  • To repay certain borrowings.
  • To set up an air separation unit at the Uluberia-II plant with a capacity of 220 TPD. 

Should I Invest in Ellenbarrie Industrial Gases IPO?

EIGL is engaged in manufacturing and supplies of industrial gases, having long term association with its customers. The company marked growth in its top and bottom lines for the reported periods. Based on its recent financial data, the issue appears aggressively priced. The company enjoys virtual monopolistic situation being an Indian manufacturer of industrial gases. Though its aggressively priced, well-informed investors may park funds for medium to long term.”~Dilip Davda (Chief Editor at Chittorgarh)

Explore the pros and cons of Ellenbarrie Industrial Gases IPO to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades. 

Pros of Ellenbarrie Industrial Gases IPO

  • Bulk Customers
  • Diverse Product Portfolio
  • Effective Manpower

Cons of Ellenbarrie Industrial Gases IPO

  • High Debt

How to Apply for Ellenbarrie Industrial Gases IPO?

Check the steps mentioned below to apply for the Ellenbarrie Industrial Gases IPO

  • Step 1: Conduct thorough research on Ellenbarrie Industrial Gases IPO GMP, subscription status, issue size, lot size, and other details. 
  • Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
  • Step 3: Make a bid for two lot of 37 shares worth ₹14,800 of Ellenbarrie Industrial Gases IPO.   
  • Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Ellenbarrie Industrial Gases IPO from more than one demat account to increase your allotment chances. 

How to Check Ellenbarrie Industrial Gases IPO Allotment Status?

You can check for Ellenbarrie Industrial Gases IPO allotment in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.

Check On NSE

  • Visit the NSE Official Website.
  • Navigate to the IPO Allotment Section. 
  • Select Equity as the issue type. 
  • Choose Ellenbarrie Industrial Gases IPO.  
  • Choose whether to proceed with the PAN number or the application number.
  • Submit your details to get the allotment status online. 

Check On the Registrar Portal

  • Visit the registrar portal
  • Click on the allotment option.
  • Fill in the required details.
  • Click on the submit button to know your Ellenbarrie Industrial Gases IPO allotment status.

Let’s Wrap

Ellenbarrie Industrial Gases IPO is a bookbuilding issue of 2.13 crore shares worth ₹852.53 crores. The shares of Ellenbarrie Industrial Gases Limited will be listed on NSE and BSE on its tentative listing date of 1st July 2025. Researching Ellenbarrie Industrial Gases IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted its pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Ellenbarrie Industrial Gases IPO

How is the Ellenbarrie Industrial Gases IPO?

Ans. Currently, on 23rd June 2025, Ellenbarrie Industrial Gases IPO GMP (Grey Market Premium) stands at ₹13 (3.25% up). It indicates that the estimated listing price could be ₹413 per share. It is a bookbuilding IPO of 2.13 crore shares comprising a fresh issue of 1.00 crore shares worth ₹400.00 crore and an offer for sale of 1.13 crore shares worth ₹452.53 crore. The face value of each share of Globe Civil Projects Limited is ₹2. 

What is the Ellenbarrie Industrial Gases IPO price?

Ans. Ellenbarrie Industrial Gases IPO price band has been set between ₹380 and ₹400 per share. Retail investors can apply for a minimum of 1 lot consisting of 37 shares worth ₹14,800. Moreover, HNIs are required to bid for a minimum of 14 lots (518 shares) worth ₹2,07,200. 

Is the Ellenbarrie Industrial Gases IPO good?

Ans. Ellenbarrie Industrial Gases Limited’s revenue rose 20.06% from ₹290.20 crores in March 2024 to ₹348.43 crores in March 2025. Moreover, the company’s PAT increased by 83.90% from ₹45.29 crores to ₹83.29 crores. Investors can analyse other relevant factors and make a decision accordingly.

Who is the registrar of the Ellenbarrie Industrial Gases IPO?

Ans. Kfin Technologies Limited is the registrar of Ellenbarrie Industrial Gases IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding Ellenbarrie Industrial Gases IPO allotment and refund, you can contact Kfin Technologies Limited at reachus@kfintech.com or 04067162222.

What is the issue size of the Ellenbarrie Industrial Gases IPO? 

Ans. Ellenbarrie Industrial Gases IPO is a bookbuilding IPO of 2.13 crore shares comprising a fresh issue of 1.00 crore shares worth ₹400.00 crore and an offer for sale of 1.13 crore shares worth ₹452.53 crore. The face value of each share of Globe Civil Projects Limited is ₹2. Moreover, the IPO is set to open on 24th June 2025 and will be closed on 26th June 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Ellenbarrie Industrial Gases IPO, download the Ellenbarrie Industrial Gases IPO RHP and Ellenbarrie Industrial Gases IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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