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15 Days Price Change

Ellenbarrie Indl.Gas IPO

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WEBSITE Inc. Year: 1973 Industry: Industrial Gases & Fuels Listed Page

Profile
Issue Size 604.36 Cr
Profile
Price Range 380  to  400 per share
Profile
Min Investment ₹400
Profile
Lot Size 1
Profile
Face Value ₹2
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are the largest 100% Indian-owned industrial gases company in terms of installed manufacturing capacity as of March 31, 2024, revenues and profitability in Fiscal 2024. (Source: F&S Report) In an industry dominated by multinational organizations, we are one of the oldest operating industrial gases companies in India, with a rich legacy of over 50 years. (Source: F&S Report) We manufacture and supply industrial gases including oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon and nitrous oxide, as well as dry ice, synthetic air, fire-fighting gases, medical oxygen, liquid petroleum gas, welding mixture and speciality gases catering to a wide range of end-use industries. We are one of the largest manufacturers of industrial gases in East India and South India, and the market leader in the states of West Bengal, Andhra Pradesh and Telangana, each in terms of installed manufacturing capacity, as of March 31, 2024. Read More

Basic Info

Face Value 2 per share

Price 380  to  400 per share

P/E (x) 62.5

Sales( Cr.) 312

PAT( Cr.) 83

EPS 6.4

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Padam Kumar Agarwala Varun Agarwal

Pre Issue Share Holding 91.69%

Post Issue Share Holding 77.17%

Listing Details:

Listing Price: 455.55

Listing Gain: 12.19%

Current Price: 260.8

Gain On Issue: 260.8 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jun 24, 2025
Closing Date Jun 26, 2025
Allotment Jun 27, 2025
Refund Jun 30, 2025
Delivery of Shares Jun 30, 2025
Listing Date Jul 01, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 37 14,800
Retail (Max) 13 481 192,400
S-HNI (Min) 14 518 207,200
S-HNI (Max) 67 2479 991,600
B-HNI (Min) 68 2516 1,006,400

Objective of the Issue

1. Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Company 2. Setting up of an air separation unit at our Uluberia-II plant with a capacity of 220 TPD 3. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 4189260 269079281 64.2x
NII 3275917 49812434 15.2x
Retail 7643806 16392110 2.1x
EMP 0 0 0x
Total 15108983 335283825 22.2x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Ellenbarrie Indl.Gas Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 87 96 116 123 154 174 175 245 205 269 312
Other Income 6 4 2 3 2 123 5 11 19 21 36
Total Income 93 100 119 126 156 297 180 256 224 290 348
Total Expenditure 83 90 100 105 125 149 129 164 171 208 203
Operating Profit 10 9 19 21 31 148 51 92 52 82 146
Interest 13 16 11 11 14 17 11 5 4 8 17
Depreciation 5 7 7 7 10 11 13 12 11 10 21
Exceptional Income / Expenses 0 0 0 0 0 0 0 9 0 0 0
Profit Before Tax -9 -13 0 2 7 120 27 85 37 64 108
Provision for Tax 0 0 0 0 0 30 3 18 9 19 25
Profit After Tax -9 -13 0 2 7 89 24 67 28 45 83
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -9 -13 0 2 7 89 24 67 28 45 83
Adjusted Earnings Per Share -0.7 -1 0 0.2 0.6 6.8 1.8 5.1 2.1 3.5 6.4

Ellenbarrie Indl.Gas Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 13 31 22 24 31 124 148 338 363 410 493
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 125 131 114 145 142 112 86 0 56 95 147
Other Non-Current Liabilities 0 0 5 5 7 40 41 56 67 56 91
Total Current Liabilities 100 67 90 87 102 71 96 50 107 135 161
Total Liabilities 238 229 231 262 282 346 371 444 592 697 891
Fixed Assets 164 165 163 163 196 229 238 187 184 331 339
Other Non-Current Assets 2 3 17 38 17 25 24 92 196 112 331
Total Current Assets 73 62 51 60 68 93 109 164 212 254 222
Total Assets 238 229 231 262 282 346 371 444 592 697 891

Ellenbarrie Indl.Gas Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 2 0 1 1 2 39 1 0 11 1
Cash Flow from Operating Activities 12 -13 34 -1 33 125 71 31 39 44 4
Cash Flow from Investing Activities -43 -8 -8 -27 -20 -37 -14 -41 -114 -122 -57
Cash Flow from Financing Activities 32 22 -26 28 -12 -51 -34 10 87 67 52
Net Cash Inflow / Outflow 1 -0 0 -0 1 37 22 -0 11 -10 -1
Closing Cash & Cash Equivalent 2 2 1 1 2 39 62 0 11 1 0

Ellenbarrie Indl.Gas Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.66 -1.02 0.03 0.19 0.56 6.83 1.84 5.13 2.15 3.46 6.36
CEPS(Rs) -0.26 -0.47 0.56 0.75 1.33 7.63 2.82 6.01 3.02 4.22 7.94
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -0.78 -0.23 -0.1 0.1 0.63 7.69 9.5 24.07 25.96 29.53 35.91
Core EBITDA Margin(%) 4.51 5.66 14.01 14.63 19.28 14.4 26.36 32.94 16.41 22.86 35.15
EBIT Margin(%) 4.78 2.27 10.08 11.02 13.78 78.65 21.77 36.61 19.93 26.84 40.02
Pre Tax Margin(%) -9.18 -12.87 0.33 2.03 4.79 68.61 15.68 34.72 18.17 23.83 34.51
PAT Margin (%) -9.18 -12.87 0.33 2.03 4.79 51.31 13.73 27.46 13.72 16.81 26.65
Cash Profit Margin (%) -3.6 -6 6.37 7.94 11.27 57.36 21.09 32.17 19.27 20.52 33.28
ROA(%) -4.1 -5.7 0.17 1.01 2.72 28.48 6.71 16.49 5.43 7.03 10.49
ROE(%) 0 0 0 0 155.5 164.16 21.37 30.56 8.59 12.47 19.44
ROCE(%) 2.72 1.24 6.27 6.82 9.82 59.76 15.44 30.72 10.66 14.4 19.55
Receivable days 74.08 88.75 84.03 90.22 73.7 69.64 67.77 48.24 67.38 57.37 74.72
Inventory Days 35.68 35.93 18.88 10.83 8.07 7.95 9.59 10.25 15.23 13.16 14.72
Payable days 128.85 112.74 71.84 89.02 175.53 350.62 502.39 223.42 238 117.6 162.43
PER(x) 0 0 523.65 0 0 0 0 0 0 0 0
Price/Book(x) -36.33 -67.71 -150.3 0 0 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 6.55 4.08 3.35 1.73 1.33 0.57 0.42 0.06 0.45 0.67 0.86
EV/Core EBITDA(x) 58.45 41.37 20.76 10.24 6.54 0.67 1.46 0.15 1.78 2.18 1.84
Net Sales Growth(%) 28.66 9.95 20.93 6.09 25.32 12.92 0.5 39.65 -16.14 31.38 15.96
EBIT Growth(%) 121.18 -47.88 397.28 16.02 56.64 544.68 -72.19 134.89 -54.35 76.92 72.92
PAT Growth(%) 68.07 -53.48 102.91 543 196.13 1110.01 -73.1 179.23 -58.09 60.93 83.91
EPS Growth(%) 68.07 -53.49 102.91 543.92 195.96 1110.07 -73.1 179.36 -58.09 60.93 83.91
Debt/Equity(x) -19.85 23.83 -139.52 165.83 25.94 1.35 1.07 0.03 0.3 0.46 0.52
Current Ratio(x) 0.73 0.92 0.57 0.69 0.67 1.31 1.14 3.28 1.99 1.87 1.38
Quick Ratio(x) 0.61 0.8 0.52 0.65 0.64 1.25 1.09 3.11 1.91 1.79 1.29
Interest Cover(x) 0.34 0.15 1.03 1.23 1.53 7.84 3.58 19.33 11.31 8.93 7.26
Total Debt/Mcap(x) 0.55 0.87 0.93 0 0 0 0 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 16% 8% 12% 14%
Operating Profit CAGR 78% 17% -0% 31%
PAT CAGR 84% 7% -1% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% -1%
ROE Average 19% 14% 18% 37%
ROCE Average 20% 15% 18% 16%

Company Contact Information

Ellenbarrie Industrial Gases Ltd.

Aditya Keshri

033-48226521

complianceofficer@ellenbarrie.com

3A Ripon Street

IPO Lead Manager(s)

Ellenbarrie Industrial Gases Ltd.

Motilal Oswal Investment Advisors Pvt Ltd

IIFL Securities Ltd.

JM Financial Ltd.

Registrar Info

Ellenbarrie Industrial Gases Ltd.

K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)

Karvy Selenium Tower B, Plot 31-32 Gachibowli,Financial District, Nanakramguda Hyderabad – 500032 Tel. No. 040 67161500 Fax. No. 040 23001153 E-mail: einward.ris@karvy.com Website: www.karvy.com Toll Free No. of exclusive Call Centre:1-800-345001

040 - 67162222/18003094001

einward.ris@kfintech.com

https://www.kfintech.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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