Ellenbarrie Industrial Gases Ltd, a Kolkata-based pioneer in industrial and medical gases (oxygen, nitrogen, argon, specialty & cryogenic gases), launched its ₹852.5 Cr mainboard IPO from June 24–26, 2025. Here's a detailed guide for ipogyan.in readers.
📌 IPO Highlights
- Price Band: ₹380–₹400 per share :contentReference[oaicite:1]{index=1}
- IPO Open: June 24, 2025
- IPO Close: June 26, 2025
- Lot Size: 37 shares (~₹14,800) :contentReference[oaicite:2]{index=2}
- Issue Size: ₹852.5 Cr (Fresh: ₹400 Cr + OFS: ₹452.5 Cr) :contentReference[oaicite:3]{index=3}
- Allotment Finalisation: ~June 27, 2025
- Refund & Demat Credit: June 30, 2025
- Expected Listing: July 1, 2025 on NSE & BSE :contentReference[oaicite:4]{index=4}
🏢 About the Company
Founded in 1973, EIGL produces industrial, medical, specialty, and cryogenic gases. It operates nine plants across East, South, and Central India, serving sectors like steel, pharma, healthcare, defence, railways, and petroleum :contentReference[oaicite:5]{index=5}.
📈 Financial Snapshot
| Year | Revenue (₹ Cr) | PAT (₹ Cr) | Profit Margin |
|---|---|---|---|
| FY 2023‑24 | ₹312.5 | ₹83.3 | 26.7% |
| FY 2024‑25 | ₹348.4 | ₹83.3 | — |
The company posted strong revenue growth with healthy margins and solid return on equity :contentReference[oaicite:6]{index=6}.
🔥 Grey Market Premium (GMP)
GMP has been trading between ₹5–₹19, suggesting 1–5% listing gains after a slow start in grey market activity :contentReference[oaicite:7]{index=7}.
📊 Subscription Status
- Day 1: ~8% subscribed
- Day 2: ~31% (Retail 37%, NII 58%) :contentReference[oaicite:8]{index=8}
- Day 3: ~52%–67% (Retail pickup, QIB/NII steady) :contentReference[oaicite:9]{index=9}
🎯 IPO Objectives
- ₹210 Cr for debt repayment
- ₹104.5 Cr to build a 220 TPD ASU at Uluberia-II plant
- Remaining for corporate purposes :contentReference[oaicite:10]{index=10}
🔍 How to Check Allotment Status
- Visit registrar (Kfin) or BSE/NSE IPO page
- Select “Ellenbarrie Industrial Gases IPO”
- Enter PAN, Application No or Demat ID
- Click Submit to view status
📲 How to Apply via Zerodha (Kite)
- Log in → Console → IPO section
- Select the IPO
- Enter UPI ID, 37 shares, bid at ₹400 (cut-off)
- Submit and approve UPI mandate
📱 Apply via Paytm Money, Groww, Upstox, Angel One & Others
Follow similar steps in respective apps: login → IPO section → select IPO → enter lot size, price, UPI → submit & approve mandate.
⭐ Tips to Improve Allotment Chances
- Bid at the upper band (₹400)
- Apply for the minimum 1 lot (37 shares)
- Use multiple demat accounts if available
- Approve UPI mandate early
- Apply early on subscription days
📚 Related IPO Posts
Disclaimer: This post is for informational purposes only. Investing in IPOs involves risks. Consult your financial advisor before making any decisions.
0 Comments