Ellenbarrie Industrial Gases IPO Day 3: Check GMP, Subscription Status & Key Highlights
Ellenbarrie Industrial Gases Ltd launched its IPO for public subscription on June 24, 2025. The bidding window for the IPO closes today on June 26, 2025. The allotment process is expected to be finalised on June 27, 2025, and the company's shares are tentatively set to be listed on both the BSE and NSE on Tuesday, July 1, 2025.
Ellenbarrie Industrial Gases IPO Details
Ellenbarrie Industrial Gases Ltd IPO is a bookbuilding of ₹852.53 crores. The issue is a combination of fresh issue of 1.00 crore shares aggregating to ₹400.00 crores and offer for sale of 1.13 crore shares aggregating to ₹452.53 crores. Investors can apply with a minimum lot size of 37, requiring a minimum investment of ₹14,060. The issue price band is set at ₹380–₹400 per share.
Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited, JM Financial Limited are the book-running lead managers of the Ellenbarrie Industrial Gases IPO, while Kfin Technologies Limited is the registrar for the issue.
Ellenbarrie Industrial Gases Day 3 Subscription Status
(June 26, 2025, 5 PM)
On Day 3, the Ellenbarrie Industrial Gases IPO was subscribed 17.37 times. The public issue subscribed 2.19 times in the retail category, 45.27 times in QIB, and 15.58 times in the NII category.
|
IPO Day (EOD) |
Subscription Status |
|||
|
QIB |
NII |
Retail |
Total |
|
|
Day 1 |
0.00 |
0.05 |
0.13 |
0.08 |
|
Day 2 |
0.00 |
0.60 |
0.38 |
0.32 |
Also Read : Ellenbarrie Industrial Gases Day 1 Subscription Status
Ellenbarrie Industrial Gases Day 2 Subscription Status
Utilization of IPO Proceeds
The company will utilise the net proceeds from the issue towards the following objects:
- Repayment/prepayment, 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.
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Ellenbarrie Industrial Gases GMP Details
According to Business Standard, the Grey Market Premium (GMP) of Ellenbarrie Industrial Gases was ₹13 on Day 3, i.e., on June 26, 2025, 10:29 a.m. If the current GMP trend continues, the company's shares will likely be listed at ₹419, indicating a 4.75% premium over the issue price of ₹400.
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Source: Business Standard Media Report dated June 26, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
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Ellenbarrie Industrial Gases Ltd Business Overview
Ellenbarrie Industrial Gases Ltd (EIGL), based in Kolkata, is one of India’s oldest and largest 100% Indian-owned manufacturers of industrial and medical gases. With over 50 years of operations, it boasts the country’s largest installed capacity in East and South India. It produces gases such as oxygen, nitrogen, argon, helium, hydrogen, carbon dioxide, and speciality blends via pipeline, liquid, and cylinder distribution systems.
In FY 2024, it delivered strong performance with a 31% increase in revenue to ₹269 Cr and a jump of 61% in net profit to ₹45 Cr.
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