EIGL manufactures a wide variety of industrial gases, including oxygen, nitrogen, argon, helium, hydrogen, carbon dioxide, nitrous oxide and acetylene, through which it services a diverse set of industries, with its products finding use in ship building, glass manufacturing, steel manufacturing, pharmaceuticals, welding, fabrication, among others, rendering their consistent supply critical to different industries. It has been one of the key suppliers to India’s space and defence program. EIGL also offers synthetic air, which is a mixture of oxygen and nitrogen, produced by controlled, homogenized mixing and is used as zero gas in the running and calibration of test equipment for environmental monitoring, owing to its limited impurities.
Company Overview
- Founded in 1973; headquartered in Kolkata, West Bengal. One of India’s oldest industrial gas firms.
- Scale: Largest 100% Indian-owned industrial gas company by capacity, revenue, and profitability (FY24).
- Facilities: 8–9 manufacturing plants across West Bengal, Andhra Pradesh, Telangana, and Chhattisgarh, with an installed capacity of ~3,861 TPD as of Mar’25
Ellenbarrie Industrial Gases Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 24 Jun 2025 |
| IPO Close Date | 26 Jun 2025 |
| Allotment Date | 27 Jun 2025 |
| IPO Listing Date | 01 July 2025 |
Ellenbarrie Industrial Gases Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 2 Per Equity Share |
| IPO Price | Rs. 380 to 400 Per Equity Share |
| Market Lot | 37 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 853 Crore. |
Ellenbarrie Industrial Gases Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 37 | Rs. 14800 |
| Maximum | 13 | 481 | Rs. 192400 |
| Small HNI (Minimum) | 14 | 518 | Rs. 207200 |
| Big HNI (Minimum) | 68 | 2516 | Rs. 1006400 |
Ellenbarrie Industrial Gases Limited IPO Allotment Status
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Company Financials :
| Particular | 31 March 2025 | 31 March 2024 | 31 March 2023 |
| Total Assets | 845.97 | 672.54 | 551.27 |
| Total Revenue | 348.43 | 290.20 | 223.71 |
| Profit After Tax | 83.29 | 45.29 | 28.14 |
Company Promoters:
Padam Kumar Agarwala and Varun Agarwal are the company promoters.
Objects of this Issue:
- Repayment, in full or in part, of certain outstanding borrowings availed by the Company.
- Setting up of an air separation unit at the Uluberia-II plant with a capacity of 220 TPD.
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Ellenbarrie Industrial Gases Limited 3A, Ripon Street Kolkata, West Bengal, 700016 Phone: 033-48226521 Email: complianceofficer@ellenbarrie.com Website: http://www.ellenbarrie.com/ | Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: eigl.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
