Ellenbarrie Industrial Gases IPO

LISTED
MAINBOARD

NSE • Lot Size: 37 • Mainboard

Issue400
Listed492+23%
Now294-26.5%
26.5%

*Last updated on 11 Jan 2026

Price Band

₹380 - ₹400

Lot Size

37

Issue Size

₹852.53 Cr

GMP

N/A

Subscription

22.19x

Analyzing...

IPO Schedule

1

Open

24 Jun 2025

2

Close

26 Jun 2025

3

Allotment

-

4

Listing

1 Jul 2025

About Ellenbarrie Industrial Gases

Ellenbarrie Industrial Gases is a prominent manufacturer and supplier of industrial gases in India, catering to diverse sectors like steel, pharmaceuticals, and chemicals. They offer a comprehensive range of gases, including oxygen, nitrogen, and argon, along with related services.

Key Strengths

  • Established market presence and strong brand recognition in the industrial gas sector.
  • Diversified customer base across various industries, reducing reliance on a single sector.
  • Integrated operations with manufacturing and distribution capabilities, ensuring supply chain efficiency.
  • Experienced management team with a proven track record in the industrial gas business.
  • Demonstrated financial performance with consistent revenue growth and profitability.

Risk Factors

  • Exposure to fluctuations in raw material prices, particularly energy costs, impacting profitability.
  • Intense competition from both domestic and international players in the industrial gas market.
  • Dependence on specific industries, making the company vulnerable to cyclical downturns in those sectors.

Valuation Analysis

The IPO is priced at a P/E of 62.88, which appears relatively high compared to industry peers, suggesting a potentially rich valuation. Investors should carefully consider the growth prospects and industry dynamics before investing.

IPO Details

ExchangeNSE
SegmentMAINBOARD
ISININE236E01022
NSE SymbolELLEN
Face Value2
Lot Size37
Issue Size₹852.53 Cr

Key Metrics

ROE16.88%
ROCE13.71%
P/E Ratio62.88
Industry P/E20
EPS6.36
PAT Margin23.90%
Debt/Equity0.32

Growth & Quality

ProfitableYes ✓

Subscription

Total0.08x
Imbalance Ratio1.2x

Documents

RHP not available

Key Dates

Open Date24 Jun 2025
Close Date26 Jun 2025
Listing1 Jul 2025