Who is the CEO of Ellenbarrie Industrial Gases Ltd?
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The CEO of Ellenbarrie Industrial Gases Ltd is Padam Kumar Agarwala.
BAJAJ BROKING
Ellenbarrie Industrial Gases Limited (EIGL), incorporated in 1973, is engaged in the production and distribution of a variety of industrial, medical, and specialty gases such as oxygen, nitrogen, helium, hydrogen, carbon dioxide, and argon. The company also supplies LPG, dry ice, medical oxygen, and fire-fighting gases. Its product range supports multiple industries including steel, pharmaceuticals, chemicals, healthcare, infrastructure, and defence. EIGL serves its customers in three segments—bulk, package, and onsite—through cryogenic tankers, gas cylinders, and onsite supply systems with operations and maintenance services.
In addition to its core gas offerings, EIGL provides project engineering solutions for air separation units and installs medical gas pipeline systems in healthcare settings. The company also supplies medical equipment such as ventilators, anaesthesia workstations, and bedside monitors. As of Fiscal 2025, it catered to over 1,800 customers and operated eight manufacturing facilities across four Indian states, supported by a mix of permanent and contractual employees.
For more details, visit the Ellenbarrie Industrial Gases IPO page.
Details | Information |
IPO Date | June 24, 2025 to June 26, 2025 |
Issue Size | 2,13,13,130 shares (aggregating up to ₹852.53 Cr) |
Price Band | ₹380 to ₹400 per share |
Lot Size | 37 shares |
Listing At | BSE SME |
Purpose of the IPO
Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Company
Setting up of an air separation unit at our Uluberia-II plant with a capacity of 220 TPD
General corporate purposes
Event | Date |
---|---|
IPO Open Date | Tue, Jun 24, 2025 |
IPO Close Date | Thu, Jun 26, 2025 |
Tentative Allotment | Fri, Jun 27, 2025 |
Initiation of Refunds | Mon, Jun 30, 2025 |
Credit of Shares to Demat | Mon, Jun 30, 2025 |
Tentative Listing Date | Tue, Jul 1, 2025 |
Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2025 |
Price Band for the IPO
₹380 to ₹400 per share
Minimum Lot Size and Application Details
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 37 | ₹14,800 |
Retail (Max) | 13 | 481 | ₹1,92,400 |
S-HNI (Min) | 14 | 518 | ₹2,07,200 |
S-HNI (Max) | 67 | 2,479 | ₹9,91,600 |
B-HNI (Min) | 68 | 2,516 | ₹10,06,400 |
Online Application Process
Log in to Your Trading Account
Access your trading account through your broker’s platform.
Navigate to the IPO Section
Go to the IPO section to view active IPO listings.
Select Ellenbarrie Industrial Gases IPO
Find "Ellenbarrie Industrial Gases IPO" and click on the ‘Apply’ button.
Enter Application Details
Specify the number of lots (minimum lot size: 37 shares) and the bid price within the range of ₹380 to ₹400 per share.
Provide Your UPI ID
Enter your UPI ID for payment authorization. Ensure that sufficient funds are available in your linked account.
Review and Submit
Verify all the details entered before submitting the application. Approve the UPI mandate before 5 PM on June 26, 2025, to complete your application process.
Key Financial Metrics
Total Assets: Grew from ₹551.27 crore in FY23 to ₹845.97 crore as of March 2025.
Revenue: Reached ₹348.43 crore in FY25.
Profit After Tax (PAT): Stood at ₹83.29 crore for March 2025.
Net Worth: Recorded at ₹333.62 crore in FY25.
Reserves and Surplus: Recorded at ₹467.17 crore (March 2025), growing steadily over the years.
Total Borrowings: Stood at ₹245.30 crore in March 2025.
Recent Performance and Growth Prospects
The company has witnessed a steady rise in its asset base over the recent financial years.
Revenue generation has seen consistent progress, indicating active operational engagement and project execution.
Profitability has remained positive, reflecting financial stability in core business operations.
The company’s net worth has improved, showing strengthening financial fundamentals.
Reserves and surplus have grown steadily, suggesting prudent financial management and reinvestment of earnings.
The borrowing position highlights the company’s approach to financing its growth and expanding its operational capacity.
Potential Risks of Investing in the IPO
The company’s exposure to multiple industries may result in fluctuating demand depending on sector-specific economic and regulatory developments.
A portion of the IPO proceeds is allocated to repay existing borrowings, indicating current debt obligations that could affect financial flexibility if not managed effectively.
Opportunities and Growth Potential
The planned air separation unit at the Uluberia-II plant reflects expansion of production capacity, which may support increased demand across sectors.
With a broad customer base and diversified service offerings, including project engineering and medical gas systems, the company is positioned to cater to evolving industrial and healthcare needs.
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 |
Registrar | Lead Manager(s) |
---|---|
Kfin Technologies Limited | Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited, Jm Financial Limited |
Ellenbarrie Industrial Gases Limited
3A,
Ripon
Street
Kolkata, West Bengal, 700016
Phone: 033-48226521
Email: complianceofficer@ellenbarrie.com
Website: http://www.ellenbarrie.com/
Ellenbarrie Industrial Gases Limited operates in the industrial and medical gases segment, offering a wide range of products and engineering services. Its customer base includes companies from sectors such as steel, pharmaceuticals, infrastructure, and healthcare. The company also supports medical facilities with gas pipeline systems and equipment, backed by operations across multiple states in India.
The IPO aims to address specific funding needs, including partial repayment of borrowings and the setting up of a new air separation unit. With an established presence and diverse offerings, the company continues to focus on servicing various industries while expanding its operational capabilities through planned investments.
Interested in more opportunities? Check out our Upcoming IPO section for new listings, and don’t forget to check your IPO allotment status for Ellenbarrie Industrial Gases IPO.
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The CEO of Ellenbarrie Industrial Gases Ltd is Padam Kumar Agarwala.
The IPO will open for subscription on June 24, 2025 and will close on June 26, 2025.
Ellenbarrie Industrial Gases Ltd is engaged in the production and supply of industrial, medical, and specialty gases. It also offers engineering services and medical equipment. The business model is diversified across industries such as healthcare, steel, infrastructure, and pharmaceuticals, with long-standing operations and multiple customer segments.
The IPO consists of 2,13,13,130 shares, aggregating up to ₹852.53 crore.
‘Pre-apply’ is a feature that allows investors to submit their IPO application before the official subscription period opens. The application is processed once the IPO opens.
You will receive a confirmation after successfully approving the UPI mandate. The final status of allotment will be available on the tentative allotment date.
The minimum lot size is 37 shares, which is also the minimum order quantity for retail investors.
The tentative allotment date is June 27, 2025.
The registrar for this IPO is Kfin Technologies Limited.
There are no publicly reported governance concerns or red flags related to the company’s leadership or board structure in the available IPO documentation.
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