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ELLENBARRIE INDUSTRIAL GASES IPO

Ellenbarrie Industrial Gases IPO GMP, Review, Subscription Status, allotment & listing details @ Chanakyanipothi.com
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Latest updates of Ellenbarrie Industrial Gases IPO Listing 
The Sebi has given nod to this IPO.

What is the last GMP of Ellenbarrie Industrial Gases IPO?
Click

Ellenbarrie Industrial Gases IPO Subscriptions
(Day 1)

Price Rs. ? Lot ? shares, Net Rs. ? Crore

QIB B HNI X S HNI X NII X RII X Total X
           
Applications: ? / (?x)
Amount wise Bids recd. Rs. ? Crore

 

Who are the promoters of Ellenbarrie Industrial Gases IPO?   

THE PROMOTERS OF OUR COMPANY ARE PADAM KUMAR AGARWALA AND VARUN AGARWAL

What are the Objects of Ellenbarrie Industrial Gases IPO?

The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
1. Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company;
2. Setting up of an air separation unit at the Uluberia-II plant with a capacity of 220 TPD; and
3. General corporate purposes.

What is the business of Ellenbarrie Industrial Gases?

The company is the largest 100% Indian-owned industrial gases company in terms of installed manufacturing capacity as of March 31, 2024, revenues and profitability in Fiscal 2024.  In an industry dominated by multinational organizations, it is one of the oldest operating industrial gases companies in India, with a rich legacy of over 50 years. It manufactures and supplies industrial gases including oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon and nitrous oxide, as well as dry ice, synthetic air, fire-fighting gases, medical oxygen, liquid petroleum gas, welding mixture and speciality gases catering to a wide range of end-use industries.

It is one of the largest manufacturers of industrial gases in East India and South India, and the market leader in the states of West Bengal, Andhra Pradesh and Telangana, each in terms of installed manufacturing capacity, as of March 31, 2024. Its service offerings include project engineering services, where we leverage its extensive technical know-how for the design, engineering, supply, installation and commissioning of tonnage air separation units (“ASUs”) and related projects on a turnkey basis for customers across several sectors. It also offers turnkey solutions involving medical gas pipeline systems, where it assists healthcare facilities in designing, installing, commissioning, operation and maintenance of medical gas pipeline systems. In addition, it supplies products and medical equipment to healthcare facilities, which include anaesthesia workstation, spirometers, ventilators, sterilizers, bed-side monitors, and lung diffusion testing machines.

It is present across multiple modalities of supply, namely onsite, bulk and packaged, whereby it offers its products through a combination of supply mechanisms, including pipelines connected to its customers, cryogenic tankers and cylinders. It has a robust distribution network, with the third highest number of transport tankers, cylinders and customer installations in India. 

For more information, click www.ellenbarrie.com 

Ellenbarrie Industrial Gases IPO GMP, Particulars & Guidance

IPO Details 
IPO opens on  2025 
IPO closes on  2025
Issue Type Book Built Issue IPO
Issue Size ? Shares /
Rs ? Crore
* Fresh Issue ? Shares /
Rs 400 Crore
* Offer for Sale  14,427,620 Shares /
Rs ? Cr
   
Face Value per share: Rs. 2
Price Band  Rs.?
Retail Discount  Rs 0 per share
Employee discount  Rs. 0 per share
Retail Lot Size  ? Shares
Listing will at  BSE, NSE
Shares offered  Shares Rs. in
Crore
QIB (75 %)     
NII (15 %)     
RII (10 %)     
Employees
Total Shares     
Retail portion will be oversubscribed by  ? Forms.
How to apply in this IPO? Amount
Rs.
Min Retail Application    
Max Retail Application     
Small HNI (Min) application     
Small HNI (Max) application    
Big HNI Application    
IPO timetable
IPO opens on 2025
IPO Closes on 2025
IPO Allotment on  2025
Unblocking of ASBA  2025
Credit of Shares 2025
Listing on 2025
Registered Office of the company
3A, Ripon Street,
Kolkata – 700016,
West Bengal, India
The Lead Managers 
Motilal Oswal Investment Advisors ltd
IIFL SECURITIES ltd
JM Financial ltd
Registrar to IPO

KFin Technologies Ltd

Ellenbarrie  IPO Financial & Analytical Ratios
Year Total Income Net Profit EPS RoNW
  Rs. in Cr Rs.in Cr Rs. %
2021-22 255.90 67.16 5.13 37.60
2022-23 223.71 28.14 2.15 13.84
2023-24 290.20 45.29 3.46 18.10
Book Value of the
Share on 31.03.2024
Rs. 19.11    
BV after the IPO Rs. ?    
Offer Price at Cap Rs.  ?    
Ratio Analysis
Price /EPS
Price/BV ?
Debt/ Equity  ?

How this IPO compares with the Peers?

As on date of DRHP FV Total   PE
  Rs. Income Ratio of
    in Crore  
Ellenbarrie 2   290 ?
Linde India 10 2846 161.18
       
       
       
       
       
       

# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Ellenbarrie Industrial Gases IPO Review * by Paresh Gordhandas, CA & Research Analyst.

Will update our review once details like offer price, lot etc are available to us.

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