PMEA Solar Tech Solutions IPO

Upcoming

Already have an account? Apply now

To be announced
–
–
–

View all IPOs →

About PMEA Solar Tech Solutions

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, including sectors like 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 PMEA Solar Tech Solutions

*All figures are in ₹ Crores.

Issue size

Funds Raised in the IPO Amount
Overall –
Fresh issue ₹ 600 crores
Offer for sale –

Utilisation of proceeds

Purpose INR crores (%)
Funding capital expenditure 240 (40%)
Repayment of borrowings 240 (40%)
General corporate purposes 120 (20%)

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.