Ellenbarrie Industrial Gases Ltd – one of India’s oldest industrial gases companies (with a rich legacy of over 50 years) is planning to raise INR 853 crore via IPO.
[Fresh Issue 400 crore + OFS 453 crore]
Ellenbarrie industrial gases ipo price is INR 380 – 400 per share
Ellenbarrie Industrial Gases: History
The Company was incorporated as a public limited company under the Companies Act, of 1956 as Ellenbarrie Industrial Gases Limited, under a certificate of incorporation issued by the RoC on November 23, 1973.
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Ellenbarrie Industrial Gases: Business
Ellenbarrie Industrial Gases Ltd (EIGL) is a leading Indian industrial gases manufacturer, operates one of India’s largest oxygen plants, and supplies diverse industries (including space and defense).
It is the largest 100 percent Indian-owned industrial gas company in terms of installed manufacturing capacity as of March 31, 2024, revenues, and profitability in Fiscal 2024, according to F&S Report.
The Company manufactures and supplies industrial gases including –
- Oxygen,
- Carbon Dioxide,
- Acetylene,
- Nitrogen,
- Helium,
- Hydrogen,
- Argon And Nitrous Oxide,
- Dry Ice,
- Synthetic Air,
- Fire-Fighting Gases,
- Medical Oxygen,
- Liquid Petroleum Gas,
- Welding Mixture, And
- Specialty Gases
Services Offer
The Company’s service offerings include project engineering services (where EIGL leverages 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 clients across several sectors.
It also offers turnkey solutions involving medical gas pipeline systems (where EIGL assists healthcare facilities in designing, installing, commissioning, operation, and maintenance of medical gas pipeline systems).
Largest Oxygen Plants
Ellenbarrie Industrial Gases operates one of the largest oxygen plants in India, with a capacity of 1250 TPD (as of March 31, 2024).
In FY 2024, the company had a market share of approximately 2.65 percent in terms of revenue.
Largest Manufacturers
EIGL is one of the largest manufacturers of industrial gases in South India and East India, and the market leader in the states of Andhra Pradesh, West Bengal, and Telangana (each in terms of installed manufacturing capacity) as of March 31, 2024, according to F&S Report.
Client List
Ellenbarrie’s client list includes AIIMS, Dr Reddy’s Laboratories, GMM Pfadler, Hindustan Shipyard, Indian Armed Forces, Jupiter Wagons, Laurus Labs, Vizag Steel, and West Bengal Power Development Corporation.
Strategies Ahead
- Expand the portfolio of gases (particularly specialty gases)
- Initiate plant manufacturing & complementing project engineering capabilities
- Expand manufacturing capacity and establish a pan-India presence
- Create a healthy mix of merchant and onsite business
- Grow through strategic acquisitions and alliances
Promoters
- Mr. Padam Kumar Agarwala,
- Mr. Varun Agarwal
IPO Details
Ipo date = 24 June to 26 June 2025
Minimum Amount = INR 14,800
Minimum Bid = 37 Shares
Face Value (FV) = INR 2
Listing On = NSE, BSE
Book Running Lead Managers
Motilal Oswal Investment Advisors Limited,
IIFL Capital Services Limited,
Jm Financial Limited
Financials
CONCLUSION
FinBlab recommends ‘SUBSCRIBE‘ ratings on Ellenbarrie Industrial Gases Ltd IPO
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