Ellenbarrie industrial gases limited IPO Overview
Ellenbarrie industrial gases limited IPO is a Mainboard public issue offered through a Book Building issue with a total issue size of ₹— crores. The IPO price band is set at ₹400 per share, and retail investors can apply with a minimum investment of ₹14,800 as per IPO guidelines.
The Ellenbarrie industrial gases limited IPO opens on 24 Jun 2025 and closes on 26 Jun 2025. The IPO allotment is expected to be finalized on 27 Jun 2025, and the equity shares are proposed to be listed on BSE, NSE on 1 Jul 2025.
Investors can refer to the Ellenbarrie industrial gases limited IPO RHP-DRHP for detailed information. The issue is managed by Motilal Oswal Investment Advisors Limited,IIFL Capital Services Limited,Jm Financial Limited as the book running lead manager, while Kfin Technologies Limited is the registrar to the IPO. Before investing, market participants often review IPO details, valuation, PE ratio, financials, and risk factors.
About ellenbarrie industrial gases limited
Services: EIGL 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. Additionally, EIGL supplies medical equipment such as anesthesia workstations, ventilators, spirometers, sterilizers, bedside monitors, and lung diffusion testing machines.
EIGL serves various customers, classified into three categories:
Bulk Customers – Supplied with liquefied gases through cryogenic tankers.
Package Customers – Receive compressed gases in cylinders.
Onsite Customers – Provided with onsite gas supply and operations & maintenance services.
Industries Served
EIGL caters to several industries, including:
Steel – Supplying gases to leading steel manufacturers like Jairaj Ispat Limited and Rashtriya Ispat Nigam Limited.
Pharmaceuticals & Chemicals – Clients include Dr. Reddy's Laboratories Limited and Laurus Labs Limited.
Healthcare – Partnering with institutions like AIIMS, West Bengal Medical Services Corporation Limited, and Chittaranjan National Cancer Institute.
Engineering & Infrastructure – Serving companies like GMM Pfaudler Limited and Air India Engineering Services Limited.
Railways, Aviation & Space – Supplying gases to railway workshops, Jupiter Wagons Limited, and a space research organization.
Petrochemicals – Working with major oil marketing public sector companies.
Defence – Providing industrial gases to Hindustan Shipyard Limited.
Operations & Workforce
Customer Base: In Fiscal 2025, EIGL supplied products to 1,829 customers.
Manufacturing Facilities: EIGL operates eight facilities across India: four in West Bengal, two in Andhra Pradesh, one in Telangana, and one in Chhattisgarh.
Employees: As of March 31, 2025, EIGL employed 281 permanent and 85 contractual employees.
Investment Objective
Setting up of an air separation unit at the Uluberia-II plant with a capacity of 220 TPD.
General corporate purposes.