Incorporated in 1973, Ellenbarrie Industrial Gases Limited (EIGL) is an Indian company specialising in the production and supply of industrial, medical, and speciality gases. The company provides essential gases such as oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon, and nitrous oxide. EIGL also offers dry ice, synthetic air, fire-fighting gases, medical oxygen, liquefied petroleum gas (LPG), welding mixtures, and specialty gases, serving a wide range of industries.
Services: EIGL offers project engineering services, leveraging technical expertise to design, install, and commission tonnage air separation units (ASUs) on a turnkey basis. The company also provides medical gas pipeline solutions, assisting healthcare facilities with installing, operating, and maintaining their systems. Additionally, EIGL supplies medical equipment such as anesthesia workstations, ventilators, spirometers, sterilizers, bedside monitors, and lung diffusion testing machines.
EIGL serves various customers, classified into three categories:
Industries Served
EIGL caters to several industries, including:
Operations & Workforce
Employees: As of March 31, 2025, EIGL employed 281 permanent and 85 contractual employees.
Ellenbarrie Industrial Gases Limited’s revenue increased by 20% and profit after tax (PAT) rose by 84% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 845.97 | 672.54 | 551.27 |
| Revenue | 348.43 | 290.20 | 223.71 |
| Profit After Tax | 83.29 | 45.29 | 28.14 |
| EBITDA | 109.74 | 61.53 | 33.59 |
| Net Worth | 333.62 | 250.15 | 203.32 |
| Reserves and Surplus | 467.17 | 403.35 | 356.51 |
| Total Borrowing | 245.30 | 176.90 | 101.10 |
| Amount in ₹ Crore | |||
The market capitalization of Ellenbarrie Industrial Gases IPO is ₹5637.42 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 16.88% |
| ROCE | 13.71% |
| Debt/Equity | 0.32 |
| RoNW | 24.97% |
| PAT Margin | 23.90% |
| EBITDA Margin | 35.12% |
| Price to Book Value | 20.93 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.36 | 5.91 |
| P/E (x) | 62.88 | 67.69 |
The Company Ellenbarrie Industrial Gases IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (Rs. in crores) |
|---|---|---|
| 1 | Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company. | 210.00 |
| 2 | Setting up of an air separation unit at the Uluberia-II plant with a capacity of 220 TPD. | 104.50 |
| 3 | General corporate purposes. |
| IPO Date | June 24, 2025 to June 26, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Issue Price Band | ₹380 to ₹400 per share |
| Lot Size | 37 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,13,13,130 shares (aggregating up to ₹852.53 Cr) |
| Fresh Issue | 1,00,00,000 shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 1,13,13,130 shares of ₹2 (aggregating up to ₹452.53 Cr) |
| Net Offered to Public | 2,13,13,130 shares (aggregating up to ₹852.53 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 13,09,35,600 shares |
| Share Holding Post Issue | 14,09,35,600 shares |
Padam Kumar Agarwala and Varun Agarwal are the company promoters.
| Share Holding Pre Issue | 96.47% |
| Share Holding Post Issue |
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