The preliminary public providing of Ellenbarrie Industrial Gases opens for public subscription right this moment (Tuesday, June 24), and conclude on Thursday, June 26. Forward of IPO, Ellenbarrie Industrial Gases raised ₹256 crore from anchor buyers.
Ellenbarrie Industrial Gases IPO value band has been mounted within the vary of ₹380 to ₹400 per fairness share of the face worth of ₹2. Ellenbarrie Industrial Gases IPO lot dimension is 37 fairness shares and in multiples of 37 fairness shares thereafter.
Ellenbarrie Industrial Gases has allotted 50% of the shares in its public providing for certified institutional patrons (QIB), 15% for non-institutional buyers (NII), and 35% of the difficulty for retail buyers.
The tentative foundation for the allotment of shares for the Ellenbarrie Industrial Gases IPO will likely be decided on Friday, June 27, and the corporate will begin the refund course of on Monday, June 30, with shares being credited to the demat accounts of allottees on the identical day following the refunds.
The share value of Ellenbarrie Industrial Gases is anticipated to be listed on the BSE and NSE on Tuesday, July 1.
Ellenbarrie Industrial Gases is an Indian firm devoted to the manufacturing and distribution of business, medical, and specialty gases. The corporate offers important gases comparable to oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon, and nitrous oxide.
Ellenbarrie Industrial Gases IPO Day 1 Stay: Subscription Standing
Subscription for the general public concern will open at 10:00 IST throughout Tuesday’s offers.
Ellenbarrie Industrial Gases IPO Day 1 Stay: Overview
Ellenbarrie Industrial Gases is famous by SBICAP Securities for its important function as a provider of business gases in East and South India, supporting the expansion of producing facilities in these areas. The corporate retains possession of the cylinders and tools put in at buyer websites, creating a sturdy barrier to entry for opponents. The inclusion of a take-or-pay clause in its provide contracts ensures constant income and mitigates dangers associated to clients’ enterprise cycles.
Ellenbarrie Industrial Gases can also be experiencing an upward development in its margin profile, pushed by an rising share of higher-margin Argon fuel and onsite tasks. Using proceeds from the IPO for debt reimbursement will lower curiosity prices. This, along with the enlargement of capability in 2HFY26, is anticipated to reinforce profitability in FY26 and FY27. On the most value of ₹400, the inventory is projected to commerce at a a number of of 67.7x FY25 EPS after the difficulty, which is decrease than that of its peer Linde India. The brokerage advises buyers to subscribe to the difficulty on the cutoff value.
Ellenbarrie Industrial Gases IPO Day 1 Stay: IPO particulars
The IPO includes a brand new concern estimated at ₹400 crore, along with an offer-for-sale (OFS) of 1.44 crore shares by promoters Padam Kumar Agarwala and Varun Agarwal. On the higher restrict of the value vary, the OFS is anticipated to be roughly ₹577 crore, making the full worth of the difficulty near ₹977 crore.
The corporate plans to allocate ₹210 crore from the recent concern proceeds to pay down debt, whereas ₹104.5 crore is designated for organising a 220 TPD air separation unit at its Uluberia-II facility. As of April 2025, Ellenbarrie’s complete excellent debt stood at ₹264.2 crore.
Motilal Oswal Funding Advisors Restricted, IIFL Capital Companies Restricted, and Jm Monetary Restricted are the lead managers for the Ellenbarrie Industrial Gases IPO, with Kfin Applied sciences Restricted serving because the registrar for this providing.
Ellenbarrie Industrial Gases IPO Day 1 Stay: Ellenbarrie Industrial Gases IPO GMP right this moment
Ellenbarrie Industrial Gases IPO GMP right this moment is +7. This means Ellenbarrie Industrial Gases share value was buying and selling at a premium of ₹7 within the gray market, in response to investorgain.com.
Contemplating the higher finish of the IPO value band and the present premium within the gray market, the estimated itemizing value of Ellenbarrie Industrial Gases share value is indicated at ₹407 apiece, which is 1.75% greater than the IPO value of ₹400.
Following the gray market actions from the previous 12 classes, the present IPO GMP is displaying an upward development and is anticipated to have a sturdy itemizing. The minimal GMP is ₹0.00, whereas the utmost GMP is ₹12, as acknowledged by specialists from investorgain.com.
‘Gray market premium’ signifies buyers’ readiness to pay greater than the difficulty value.
Disclaimer: The views and proposals made above are these of particular person analysts or broking firms, and never of Mint. We advise buyers to verify with licensed specialists earlier than making any funding choices.
