ellenbarrie industrial gases limited

ellenbarrie industrial gases limited

ELLEN • ISIN: INE236E01022

BSE, NSE

Listing Price: ₹486

+21.50% Gain
About Company

Incorporated in 1973, Ellenbarrie Industrial Gases Limited (EIGL) is an Indian company specialising in the production and supply of industrial, medical, and speciality gases. The company provides essential gases such as oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon, and nitrous oxide. EIGL also offers dry ice, synthetic air, fire-fighting gases, medical oxygen, liquefied petroleum gas (LPG), welding mixtures, and specialty gases, serving a wide range of industries.

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

Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.

Setting up of an air separation unit at the Uluberia-II plant with a capacity of 220 TPD.

General corporate purposes.

₹400

Price Band

14.8K

Min Investment

37 shares

Lot Size

67.69x

P/E Ratio

Important Dates

Issue Opens

24 Jun 2025

Issue Closes

26 Jun 2025

Allotment

27 Jun 2025

Listing

1 Jul 2025

Subscription Status
QII

Qualified Institutional Investors

1.41x

14,996,433 / 10,656,564 shares

HNI (>₹10L)

High Networth Individuals (Above ₹10 Lakhs)

4.65x

9,908,970 / 2,131,313 shares

NII (<₹10L)

Non-Institutional Investors (Below ₹10 Lakhs)

2.61x

2,777,849 / 1,065,657 shares

Retail

Retail Individual Investors

0.75x

5,598,840 / 7,459,596 shares

Financial Performance
Offer Documents
RHP
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DHRP
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Issue Details
Issue TypeBB
Face Value₹2
Lead Managers
Motilal Oswal Investment Advisors Limited
IIFL Capital Services Limited
Jm Financial Limited
Min Quantity37
Max Quantity1,250
Company Promoters
Padam Kumar Agarwala
Varun Agarwal
Website

http://www.ellenbarrie.com/

Email

complianceofficer@ellenbarrie.com

Phone033-48226521
Address

Ellenbarrie Industrial Gases Limited
3A,
Ripon
Street
Kolkata, West Bengal, 700016