Ellenbarrie Industrial Gases came to market through an IPO that opened on 24 June 2025 and closed on 26 June 2025, and the shares listed on 1 July 2025 on BSE, NSE. The price band was ₹380 to ₹400 per share and one lot was 37 shares, so the minimum application was ₹14,800. The issue size was ₹852.53 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Kfin Technologies Limited was the registrar to the issue, and Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited, Jm Financial Limited were the lead managers.
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Ellenbarrie Industrial Gases Limited (EIGL) is a prominent Indian industrial, medical, and specialty gas manufacturing and supply company. The company was established in 1973. It supplies vital gases like oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon, and nitrous oxide. EIGL further supplies dry ice, synthetic air, fire-fighting gases, medical oxygen, liquefied petroleum gas (LPG), welding mixtures, and specialty gases to various industries.
EIGL provides project engineering services utilizing technical skills to design, install, and commission tonnage ASUs on a turnkey basis. Medical gas pipeline solutions are also offered by the company in assisting health care facilities with the installation, operation, and maintenance of their systems. EIGL also delivers medical equipment like anesthesia workstations, ventilators, spirometers, sterilizers, bedside monitors, and lung diffusion test machines. As of March 31, 2024, EIGL had 250 permanent and 67 contractual staff.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
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Ellenbarrie Industrial Raises Rs 255 Crore Through Anchor Book Allocation. HDFC Mutual Fund, Axis Mutual Fund, Reliance Capital Trustee, Bandhan Mutual Fund, Tata MF, Motilal Oswal Mutual Fund, Edelweiss Mutual Fund, and Union Mutual Fund have acquired 36.92 lakh shares worth Rs 147.69 crore in Ellenbarrie via anchor book.
Further, Ashoka Whiteoak ICAV, Eastspring Investments, HDFC Life Insurance Company, Clarus Capital, ICICI Lombard General Insurance, Kotak Mahindra Life Insurance, Citigroup, and Copthall Mauritius Investment also invested in the company through anchor book.
Padam Kumar Agarwal, Varun Agarwal.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Ellenbarrie Industrial Gases IPO was a ₹852.53 crore book-built issue, comprising a fresh issue of ₹400 crore and an offer for sale of ₹452.53 crore. It was priced at ₹380–₹400 per share with a lot size of 37 shares (₹14,800). The IPO was open from June 24 to June 26, 2025. Shares listed on BSE and NSE on July 1, 2025 at ₹486, a 21.5% premium to the issue price of ₹400. Kfin Technologies Limited is the registrar.
Motilal Oswal Investment Advisors Limited and 2 other book running lead managers manage the issue.
The price band of Ellenbarrie Industrial Gases IPO is ₹380 to ₹400 per share.
The lot size of Ellenbarrie Industrial Gases IPO is 37 shares.
The minimum investment for Ellenbarrie Industrial Gases IPO is approximately ₹14,800 based on the upper price band.
The allotment date of Ellenbarrie Industrial Gases IPO is Jun 27, 2025.
No GMP quote could be verified as recorded before Ellenbarrie Industrial Gases IPO listed. A grey-market observation of ₹60 per share was recorded on 1 Jul 2025, 6:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹486. GMP is unofficial and does not forecast or guarantee the actual listing price.
Ellenbarrie Industrial Gases IPO listed on Jul 1, 2025. It was issued at ₹486.0(NSE) and is currently around ₹306.05 as on 30-Oct-2026 3:30 PM, which is approximately -23.5% versus issue price. The 52-week high is ₹473.55.
You can check Ellenbarrie Industrial Gases IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Ellenbarrie Industrial Gases IPO allotment status on Rupix for quick and easy access.
₹380 to ₹400 per share, against a face value of ₹2. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 37 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,800.
₹14,800, for one lot of 37 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 24 June 2025 and closed on 26 June 2025.
The basis of allotment was published on 27 June 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 1 July 2025 on BSE, NSE.
The issue size was ₹852.53 crore. The fresh issue was 1,00,00,000 shares (aggregating up to ₹400 crore). The offer for sale was 1,13,13,130 shares (aggregating up to ₹452.53 crore).