Ellenbarrie Industrial Gases IPO Upcoming
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Schedule of Ellenbarrie Industrial Gases
| Issue open date | 24 Jun 2025 |
| Issue close date | 26 Jun 2025 |
| UPI mandate deadline | 26 Jun 2025 (5 PM) |
| Allotment finalization | 27 Jun 2025 |
| Refund initiation | 30 Jun 2025 |
| Share credit | 30 Jun 2025 |
| Listing date | 01 Jul 2025 |
| Mandate end date | 11 Jul 2025 |
| Lock-in end date for anchor investors (50%) | 27 Jul 2025 |
| Lock-in end date for anchor investors (remaining) | 25 Sep 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Ellenbarrie Industrial Gases
Founded in 1973 and headquartered in Kolkata, Ellenbarrie Industrial Gases (EIGL) is a leading independent manufacturer and supplier of industrial, medical, and specialty gases in Eastern and Southern India. The company operates multiple manufacturing facilities across West Bengal, Andhra Pradesh, and Telangana, producing gases such as oxygen, nitrogen, argon, acetylene, and carbon dioxide in both bulk and packaged forms. EIGL serves a diverse clientele across various sectors, including medical, chemical, construction, defense, and energy, with notable clients such as AIIMS, Dr. Reddy’s, Air India Engineering Services, and the Indian Armed Forces. The company maintains a dedicated fleet of cryogenic transport tankers and operates modern cylinder filling stations, enhancing its distribution capabilities.
Financials of Ellenbarrie Industrial Gases
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹852.53 crores |
| Fresh issue | ₹400 crores |
| Offer for sale | ₹452.53 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment/prepayment of certain outstanding borrowings | 210 (52.5%) |
| Setting up of an air separation unit at the Uluberia-II plant with a capacity of 220 TPD. | 104.50 (26.12%) |
| General corporate purposes | – |
Strengths
- Established legacy with over five decades in the industrial gases sector.
- Diverse product portfolio catering to multiple industries, including healthcare, defense, and energy.
- Extensive manufacturing and distribution network across Eastern and Southern India.
- Strong client base featuring prominent organizations like AIIMS and the Indian Armed Forces.
- Significant investment in infrastructure, including a large fleet of cryogenic transport tankers and modern filling stations.
Risks
- High capital expenditure requirements for setting up and maintaining manufacturing facilities.
- Exposure to fluctuations in raw material prices and energy costs affects production expenses.
- Dependence on regulatory approvals and compliance with environmental and safety standards.
- Potential risks associated with the transportation and handling of hazardous gases.
- Market competition from both domestic and international industrial gas suppliers.