Ellenbarrie Industrial Gases IPO

About Ellenbarrie Industrial Gases IPO

Ellenbarrie Industrial Gases IPO is a book-building public issue comprising 1.44 crore equity shares comprising of a fresh issue and an offer of sale (OFS). As of now, the specific dates for the IPO, including the opening and closing of the subscription window, have not been announced.

Similarly, the price band for the IPO is yet to be declared, which will indicate the price range within which investors can place their bids. The allotment of shares for the Ellenbarrie Industrial Gases IPO is expected to be finalised after the subscription period, though the exact date will be confirmed closer to the issue launch.

The IPO will be managed by a consortium of leading investment banks including Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited, and JM Financial Limited. KFIN Technologies Limited will serve as the registrar to the issue. For complete details, refer to the Ellenbarrie Industrial Gases IPO Draft Red Herring Prospectus (DRHP).

Industry Outlook

1. India’s industrial gases sector is poised for robust growth, underpinned by expanding end-use industries such as steel, pharmaceuticals, chemicals, healthcare, and infrastructure. The sector plays a critical role in enabling manufacturing efficiency, medical support systems, and technological advancement.
2. Government-led initiatives in infrastructure, healthcare, and energy transition—particularly green hydrogen and clean fuel technologies—are expected to drive demand for oxygen, nitrogen, argon, and speciality gases. The ‘Make in India’ and ‘Atmanirbhar Bharat’ programmes are further encouraging domestic production and industrial self-reliance, boosting the need for reliable gas supply chains.
3. The sector is also witnessing a shift towards on-site gas generation and integrated engineering solutions, as industries seek cost-effective and uninterrupted supply. Additionally, the growing emphasis on safety, environmental compliance, and automation is prompting innovation in gas production and distribution technologies.
4. As competition intensifies, players in the industrial gases market are focusing on capacity expansion, strategic partnerships, and operational excellence to sustain growth and enhance market share.

Ellenbarrie Industrial Gases IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

1. The company intends to repay or prepay certain outstanding borrowings to optimise its capital structure, reduce interest expenses, and improve financial flexibility.
2. Funds will be utilised to establish a new air separation unit at the Uluberia-II plant in West Bengal, with a capacity of 220 tonnes per day, to meet rising demand for industrial and medical gases.
3. A portion of the proceeds will support general corporate activities, including administrative costs, strategic initiatives, and brand development to strengthen market presence.
4. The investment aims to enhance operational capabilities, support long-term growth, and improve service delivery across key sectors such as steel, pharmaceuticals, and healthcare.

About Ellenbarrie Industrial Gases Limited

Ellenbarrie Industrial Gases Limited was incorporated on 23 November 1973 under the Companies Act, 1956, as a public limited company. The company commenced operations in April 1974 and was previously listed on the Calcutta Stock Exchange until its voluntary delisting in July 2018.

Headquartered in Kolkata, Ellenbarrie operates as a leading manufacturer and supplier of industrial and medical gases in India. Its product portfolio includes oxygen, nitrogen, argon, nitrous oxide, and speciality gases, serving diverse sectors such as steel, pharmaceuticals, chemicals, healthcare, defence, and infrastructure.

The company also provides project engineering services and turnkey solutions for medical gas pipeline systems, alongside the supply of medical equipment to hospitals and healthcare facilities. With eight operational facilities across West Bengal, Andhra Pradesh, Telangana, and Chhattisgarh, Ellenbarrie maintains a strong regional presence and is expanding its footprint through new capacity additions.

Promoted by Padam Kumar Agarwala and Varun Agarwal, Ellenbarrie is committed to safety, quality, and operational excellence. It leverages decades of industry experience and technical expertise to deliver reliable gas solutions, while pursuing strategic growth through innovation, capacity expansion, and customer-centric service.

How To Check the Allotment Status of the Ellenbarrie Industrial Gases IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Ellenbarrie Industrial Gases IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Ellenbarrie Industrial Gases IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Ellenbarrie Industrial Gases IPO

Registered office: 3A, Ripon Street, Kolkata – 700016, West Bengal, India.

Phone: +91 33 4822 6521

E-mail: complianceofficer@ellenbarrie.com