
Manufacturing · NSE / BSE
Established in 1973, EIGL is a well-known Indian company specializing in the production and supply of a wide range of industrial, medical, and specialty gases such as oxygen, nitrogen, carbon dioxide, acetylene, argon, helium, hydrogen, and nitrous oxide. It also provides products like dry ice, synthetic air, LPG, welding gas mixtures, and gases used in medical applications. The company offers turnkey solutions for setting up air separation units, installs and maintains medical gas pipelines, and supplies essential medical equipment including ventilators, anesthesia machines, and patient monitors. EIGL serves different types of customers through bulk deliveries using cryogenic tankers, packaged gas cylinders, and onsite gas supply systems with operation and maintenance support. Its services are widely used across various industries such as steel, pharmaceuticals, chemicals, healthcare, engineering, railways, aviation, petrochemicals, and defense. Notable clients include Dr. Reddy’s, AIIMS, Laurus Labs, and Rashtriya Ispat Nigam. As of FY24, the company served 1,836 customers, including 295 bulk clients with average contract durations of five years. EIGL operates eight production plants located in West Bengal, Andhra Pradesh, Telangana, and Chhattisgarh, and has a workforce of 250 permanent and 67 contractual employees.
Price Band
₹380 – ₹400
Issue Size
₹853 Cr
Lot Size
37 shares
GMP
+16.4%
Est. Listing
₹465.5
at current GMP
Subscribed
22.47x
overall
Open
24 Jun 2025
Close
26 Jun 2025
Allotment
27 Jun 2025
Refund
28 Jun 2025
Demat Credit
29 Jun 2025
Listing
1 Jul 2025
Overall Subscription
22.47x
Total Demand
QIB Multiplier
63.13x
Institutions & Funds
NII / HNI
15.58x
High Net-Worth
Retail (RII)
2.20x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 4,262,627 | 269,079,281 | 63.13x |
| NIB | 3,196,970 | 49,812,434 | 15.58x |
| HNIs(10L +) | 2,131,313 | 37,118,400 | 17.42x |
| HNIs (2-10L) | 1,065,657 | 12,694,034 | 11.91x |
| RETAIL | 7,459,596 | 16,392,110 | 2.20x |
| Total | 18,116,163 | 385,096,259 | 22.47x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 201,611 | 347,483 | 1.72x |
| HNIs(10L +) | 4,115 | 14,136 | 3.44x |
| HNIs (2-10L) | 2,057 | 24,077 | 11.70x |
| Total Applications | 207,783 | 385,696 | 1.86x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Ellenbarrie Industrial Gases Limited is bringing an initial public offering (IPO) in the Manufacturing sector with an aggregate issue size of ₹852.53 Crores. The shares are offered at a price band of ₹380 to ₹400 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 37 shares (approx. ₹14,800 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-06-29, while un-allotted funds or UPI block mandates will be released on 2025-06-28.
The latest Grey Market Premium (GMP) for Ellenbarrie Industrial Gases Limited IPO is ₹65.5 per equity share. Based on the upper price band of ₹380 to ₹400 per equity share, the estimated listing price is ₹465.5 (+16.4% expected listing gain).
With a lot size of 37 shares and current GMP of ₹65.5, the expected profit per application lot is approx ₹2,423.5 (+16.4% gain). Minimum application cost is approx ₹14,800.
The Ellenbarrie Industrial Gases Limited IPO aggregate issue size is ₹852.53 Crores with an equity price band set at ₹380 to ₹400 per equity share. The retail lot size is 37 shares requiring a minimum capital outlay of approx. ₹14,800.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 22.47x (Retail: 2.20x, QIB: 63.13x, NII: 15.58x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2025-06-27. Investors can verify status using PAN card or application number.
Ellenbarrie Industrial Gases Limited shares are scheduled to list on NSE and BSE on 2025-07-01.