latest IPO in India – Ellenbarrie Industrial Gases IPO Date, Price, GMP, Review, Details – nextipoindia.com
latest IPO in India: Ellenbarrie Industrial Gases Ltd is launching its ₹852.5 Cr IPO from June 24–26, 2025, offering a compelling investment opportunity in industrial & medical gases.
Company Overview
Founded in 1973 and based in Kolkata, Ellenbarrie Industrial Gases (EIGL) manufactures and distributes industrial, medical, and specialty gases—oxygen, nitrogen, helium, argon, LPG, and more. The firm also provides gas-separation plant engineering, pipeline solutions, and medical devices.
IPO Timeline
- IPO open: June 24, 2025
- IPO close: June 26, 2025
- Anchor placement: June 23, 2025
- Basis of allotment: June 27, 2025
- Refund & demat credit: June 30, 2025
- Listing: July 1, 2025 (BSE & NSE)
Price Band
Set at ₹380–₹400/share, representing 190×–200× face value (₹2/share).
Lot Size
Minimum lot: 37 shares (~₹14,800). sNII: 518 shares; bNII: 2,516 shares.
Key Dates
| Event | Date |
|---|---|
| Bidding | Jun 24–26, 2025 |
| Anchor Investors | Jun 23, 2025 |
| Allotment | Jun 27 |
| Refunds & Credit | Jun 30 |
| Listing | Jul 1, 2025 |
Financials
- FY 2025 revenue: ₹348.4 Cr (+20% YoY)
- PAT: ₹83.3 Cr (+84% YoY)
- Debt: ₹264.2 Cr
- Assets: ₹846 Cr; EBITDA: ₹110 Cr
Strengths
- Established player since 1973 with strong eastern & southern India presence
- Diversified gases portfolio + turnkey engineering & devices
- Strong growth from healthcare and manufacturing demand
Risks
- Revenue dependency on key clients
- Competition from Linde India and other major gas firms
- Execution risk in planned ASU expansions
IPO Anchor Investors Details
- Mukul Agrawal: ₹25 Cr for 0.45% stake @₹427.69
- Ashoka India Equity: ₹60.99 Cr (1.09%)
- Clarus Capital: ₹50 Cr (0.89%)
IPO Promoter Holding Details
| Promoter | Pre‑IPO Holding |
|---|---|
| Padam Kumar Agarwala | Data pending |
| Varun Agarwal | Data pending |
*Promoter stake not disclosed pre-IPO; will update post allotment.
IPO Grey Market Premium (GMP)
| Date | GMP |
|---|---|
| As of June 19, 2025 | ₹0 (no listing premium) |
Final Thoughts
latest IPO in India: Ellenbarrie offers exposure to a vital and scalable sector, with solid financials, anchor support, and a strategic raise for growth. However, muted GMP and execution risks warrant cautious optimism.