Ellenbarrie Industrial Gases Share Price Lists at 23% Premium on July 1 Debut

Ellenbarrie Industrial Gases Ltd (EIGL) had a strong listing on Tuesday, July 1, with its shares debuting at a significant premium to the issue price. The stock was listed at ₹492 on the BSE, marking a 23% gain over the IPO price of ₹400. On the NSE, it opened at ₹486, a 21.5% premium. The company had offered its shares in a price band of ₹380 to ₹400.

The successful debut reflects robust investor sentiment, driven by strong demand during the subscription period and the company’s future growth prospects.

Strong IPO Response and Allotment Timeline

Ellenbarrie Industrial Gases’ IPO witnessed enthusiastic participation, especially from institutional and non-institutional investors. The issue was subscribed 22.19 times on the final day of bidding (June 26), according to BSE data.

• IPO Allotment Finalised: June 27 (Friday).
• Shares Credited to Demat Accounts: June 30 (Monday).
• Refunds Processed for Non-Allottees: Also on June 30.

Use of IPO Proceeds

The company has clearly outlined its capital allocation plan for the net proceeds from the fresh issue:

• ₹210 crore will be used to repay existing debt, helping reduce interest burden and improve balance sheet strength.
• ₹104.5 crore is earmarked for setting up a new air separation unit at its Uluberia-II plant with a capacity of 220 tonnes per day (TPD), boosting production capacity.
• The remaining funds will be directed towards general corporate purposes, providing operational flexibility and supporting future growth initiatives.

About Ellenbarrie Industrial Gases

EIGL is a key player in the industrial gases sector, supplying essential gases like Oxygen, nitrogen, carbon dioxide, acetylene, argon, helium, hydrogen, and nitrous oxide.

The company also offers medical oxygen, dry ice, LPG, welding mixtures, synthetic air, fire-fighting gases, and specialty gases, catering to industries ranging from healthcare to manufacturing and energy. This broad product portfolio and diversified customer base have helped Ellenbarrie establish a strong market presence.

Read More: Upcoming IPOs in July 2025: Crizac, Anthem Biosciences, Travel Food Services & More.

Conclusion

Ellenbarrie Industrial Gases’ impressive market debut underscores investor confidence in the company’s fundamentals, business model, and future potential. The strong listing performance, coupled with solid subscription demand, bodes well for the company as it navigates its post-IPO journey.

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