ELLEN • ISIN: INE236E01022
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.
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.
Price Band
Min Investment
Lot Size
P/E Ratio
Issue Opens
24 Jun 2025
Issue Closes
26 Jun 2025
Allotment
27 Jun 2025
Listing
1 Jul 2025
Qualified Institutional Investors
14,996,433 / 10,656,564 shares
High Networth Individuals (Above ₹10 Lakhs)
9,908,970 / 2,131,313 shares
Non-Institutional Investors (Below ₹10 Lakhs)
2,777,849 / 1,065,657 shares
Retail Individual Investors
5,598,840 / 7,459,596 shares
Issue Type | BB |
Face Value | ₹2 |
Lead Managers | Motilal Oswal Investment Advisors Limited IIFL Capital Services Limited Jm Financial Limited |
Min Quantity | 37 |
Max Quantity | 1,250 |
Company Promoters | Padam Kumar Agarwala Varun Agarwal |
Website | |
Phone | 033-48226521 |
Address | Ellenbarrie Industrial Gases Limited |