Latest news with #EllenbarrieIndustrialGases
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Business Standard
02-07-2025
- Business
- Business Standard
Ellenbarrie Industrial Gases shares fall 7% a day after making strong debut
Newly listed Ellenbarrie Industrial Gases shares plunged 7 per cent in trade on Wednesday, logging an intraday low at ₹503.1 per share on BSE. The stock saw some profit booking a day after listing on the bourses. At 10:06 AM, Ellenbarrie Industrial Gases share price was trading 6.64 per cent lower at ₹505.25 per share on the BSE. In comparison, the BSE Sensex was trading flat at 83,697.89. The company's market capitalisation stood at ₹7,200.4 crore. Its 52-week high was at ₹563 per share and 52-week low was at ₹485.65 per share. Ellenbarrie Industrial Gases shares made a Dalal Street debut on Tuesday, July 1, 2025. On BSE, the stock was listed at ₹492 per share, registering a premium of ₹92 or 23 per cent over the issue price of ₹400. On the National Stock Exchange (NSE), the stock opened at ₹486, reflecting a premium of ₹86 or 21.5 per cent to the initial public offer (IPO) price. The company proposed to utilise its IPO proceedings to strengthen Ellenbarrie Industrial's financial and operational capabilities. Of the total, ₹210 crore will go toward partial or full repayment of outstanding borrowings, reducing leverage and improving the balance sheet. Another ₹104.5 crore is allocated for setting up a new 220 TPD air separation unit at the Uluberia-II plant. The rest of the proceeds will be used for general corporate purposes. Ellenbarrie Industrial Gases block deals On the listing day, July 1, 2025, Mansi Share and Stock Broking sold 4,06,125 shares at ₹529.36 per share and bought 7,56,113 shares at ₹524.57 per share through block deals. Besides, Motilal Oswal Mutual Funds also bought 20,95,179 shares for ₹511.1 per share via a block deal, according to NSE block deals data, About Ellenbarrie Industrial Gases Founded in 1973, Ellenbarrie Industrial Gases Ltd (EIGL) is a prominent Indian producer and supplier of industrial, medical, and specialty gases. Its portfolio includes oxygen, nitrogen, carbon dioxide, helium, hydrogen, argon, acetylene, nitrous oxide, LPG, welding gases, synthetic air, and dry ice. The company serves bulk, packaged, and onsite customers across sectors like steel, pharma, healthcare, infrastructure, petrochemicals, railways, and defence. It also offers turnkey project services for air separation units and provides medical gas pipeline systems and equipment such as ventilators and anesthesia workstations. As of FY25, the company had 1,829 customers and operated eight manufacturing facilities across West Bengal, Andhra Pradesh, Telangana, and Chhattisgarh. Its workforce included 281 permanent and 85 contractual employees as of March 31, 2025.
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Business Standard
01-07-2025
- Business
- Business Standard
Ellenbarrie Industrial shares list at 23% premium on BSE, top GMP trend
Ellenbarrie Industrial Gases IPO listing: Ellenbarrie Industrial Gases made a strong stock market debut on Tuesday, July 1, 2025, listing at ₹492 per share on the BSE, registering a premium of ₹92 or 23 per cent over the issue price of ₹400. On the NSE, the stock opened at ₹486, also reflecting a premium of ₹86 or 21.5 per cent to the IPO price. Ellenbarrie Industrial shares outperformed its grey market expectations. Prior to the listing, the company's shares were commanding a grey market premium (GMP) of ₹57, or 14.25 per cent, with unofficial trading quoting the stock at ₹457 apiece, according to market sources. The ₹852.53 crore IPO comprised a fresh issue of 10 million shares aggregating to ₹400 crore and an offer for sale (OFS) of 11.3 million shares worth ₹452.53 crore. The IPO was open for bidding between June 24 and June 26, 2025, with allotment finalised on June 27. The IPO price band was fixed at ₹400 per share. Retail investors were required to bid for a minimum of one lot (37 shares) worth ₹14,060. For small non-institutional investors (sNIIs), the minimum application was 14 lots (518 shares), amounting to ₹2,07,200, while for big non-institutional investors (bNIIs), it was 68 lots (2,516 shares), amounting to ₹10,06,400. The company raised ₹255.76 crore from anchor investors ahead of the issue. Motilal Oswal Investment Advisors Limited was the book-running lead manager, and Kfin Technologies Limited acted as the registrar. ALSO READ | Proceeds from the issue will be used to strengthen Ellenbarrie Industrial's financial and operational capabilities. Of the total, ₹210 crore will go toward partial or full repayment of outstanding borrowings, reducing leverage and improving the balance sheet. Another ₹104.5 crore is allocated for setting up a new 220 TPD air separation unit at the Uluberia-II plant. The rest of the proceeds will be used for general corporate purposes. About Ellenbarrie Industrial Gases Founded in 1973, Ellenbarrie Industrial Gases Ltd (EIGL) is a prominent Indian producer and supplier of industrial, medical, and specialty gases. Its portfolio includes oxygen, nitrogen, carbon dioxide, helium, hydrogen, argon, acetylene, nitrous oxide, LPG, welding gases, synthetic air, and dry ice. The company serves bulk, packaged, and onsite customers across sectors like steel, pharma, healthcare, infrastructure, petrochemicals, railways, and defence. It also offers turnkey project services for air separation units and provides medical gas pipeline systems and equipment such as ventilators and anesthesia workstations. As of FY25, the company had 1,829 customers and operated eight manufacturing facilities across West Bengal, Andhra Pradesh, Telangana, and Chhattisgarh. Its workforce included 281 permanent and 85 contractual employees as of March 31, 2025.
Economic Times
01-07-2025
- Business
- Economic Times
Ellenbarrie Industrial shares soar 10% after listing debut. Should you buy, sell or hold?
Ellenbarrie Industrial shares: The Kolkata-based firm, engaged in the production and supply of industrial, medical, and specialty gases, made its market debut at Rs 492 on the BSE—23% above its IPO issue price of Rs 400. On the NSE, the stock opened at Rs 486, marking a 21.5% premium. Both listings exceeded the grey market premium estimate of Rs 457. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Market cheers financial strength Risks and valuation concerns Use of proceeds and expansion plans Shares of Ellenbarrie Industrial Gases surged 10% on Tuesday following their market debut, trading at Rs 541.20 on the BSE and Rs 534.60 on the NSE. The stock listed at a sharp premium that outpaced even the most optimistic grey market Kolkata-based company, which manufactures and supplies industrial, medical, and specialty gases, listed at Rs 492 on the BSE, at a 23% premium over the IPO issue price of Rs 400. On the NSE, the shares debuted at Rs 486, reflecting a premium of 21.5%. Both figures topped the grey market premium estimate of Rs Rs 852 crore initial public offering, comprising a fresh issue of Rs 400 crore and an offer for sale of Rs 452.53 crore, drew significant investor interest, with an overall subscription of 22.19 times. According to NSE data, the IPO received bids for 33.52 crore shares against 1.51 crore shares on investors led the charge, with Qualified Institutional Buyers (QIBs) subscribing 64.23 times their quota, while the non-institutional investor segment was subscribed 15.21 times. The retail category also showed solid interest, subscribed 2.14 times despite the relatively high ticket investors committed Rs 255.76 crore on June 23, with the book anchored by domestic mutual funds and insurance appetite appears driven by Ellenbarrie's strong financials. The company posted an 84% year-on-year jump in profit after tax to Rs 83.29 crore for FY25, with revenue rising 20% to Rs 348.43 crore. The company also boasts EBITDA and net profit margins of 36% and 27% respectively, considered among the highest in the sector. Ellenbarrie Industrial Gases made an emphatic debut on the bourses, listing at over Rs 500 — a solid 30% premium to its issue price,' said Harshal Dasani, Business Head at INVasset PMS. 'As one of India's oldest industrial gas manufacturers, with a 50+ year legacy and nine operational facilities across southern and eastern India, the company commands a strong presence in oxygen, nitrogen, acetylene, and argon production."Despite the stellar debut, analysts caution against overexuberance. 'At listing, the stock trades at ~80x FY25 earnings, which is steep on the face of it. But valuation is often contextual,' Dasani said, noting that Ellenbarrie's high margins help support the the company's concentrated regional footprint and dependence on cyclical industries like steel and healthcare raise questions. 'Over 85% of Ellenbarrie's business comes from repeat bulk buyers — which ensures customer loyalty but also heightens dependence. Any slowdown in steel demand or medical oxygen off-take could sharply affect revenue,' Dasani intends to use the IPO proceeds to repay debt, fund a 220 TPD air separation unit at its Uluberia-II plant, and for general corporate purposes. Founded in 1973, the company currently serves more than 1,800 clients across steel, pharmaceuticals, petrochemicals, defence, and railways from its eight production a robust debut behind it, investor focus will now shift to whether Ellenbarrie can deliver consistent performance and scale beyond its current regional strongholds. 'The listing premium reflects investor belief in the company's profitability and positioning — but maintaining that confidence will hinge on steady performance in a capital-intensive, demand-sensitive industry,' Dasani said.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
01-07-2025
- Business
- Time of India
Ellenbarrie Industrial shares soar 10% after listing debut. Should you buy, sell or hold?
Ellenbarrie Industrial shares: The Kolkata-based firm, engaged in the production and supply of industrial, medical, and specialty gases, made its market debut at Rs 492 on the BSE—23% above its IPO issue price of Rs 400. On the NSE, the stock opened at Rs 486, marking a 21.5% premium. Both listings exceeded the grey market premium estimate of Rs 457. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Market cheers financial strength Risks and valuation concerns Use of proceeds and expansion plans Shares of Ellenbarrie Industrial Gases surged 10% on Tuesday following their market debut, trading at Rs 541.20 on the BSE and Rs 534.60 on the NSE. The stock listed at a sharp premium that outpaced even the most optimistic grey market Kolkata-based company, which manufactures and supplies industrial, medical, and specialty gases, listed at Rs 492 on the BSE, at a 23% premium over the IPO issue price of Rs 400. On the NSE, the shares debuted at Rs 486, reflecting a premium of 21.5%. Both figures topped the grey market premium estimate of Rs Rs 852 crore initial public offering, comprising a fresh issue of Rs 400 crore and an offer for sale of Rs 452.53 crore, drew significant investor interest, with an overall subscription of 22.19 times. According to NSE data, the IPO received bids for 33.52 crore shares against 1.51 crore shares on investors led the charge, with Qualified Institutional Buyers (QIBs) subscribing 64.23 times their quota, while the non-institutional investor segment was subscribed 15.21 times. The retail category also showed solid interest, subscribed 2.14 times despite the relatively high ticket investors committed Rs 255.76 crore on June 23, with the book anchored by domestic mutual funds and insurance appetite appears driven by Ellenbarrie's strong financials. The company posted an 84% year-on-year jump in profit after tax to Rs 83.29 crore for FY25, with revenue rising 20% to Rs 348.43 crore. The company also boasts EBITDA and net profit margins of 36% and 27% respectively, considered among the highest in the sector. Ellenbarrie Industrial Gases made an emphatic debut on the bourses, listing at over Rs 500 — a solid 30% premium to its issue price,' said Harshal Dasani, Business Head at INVasset PMS. 'As one of India's oldest industrial gas manufacturers, with a 50+ year legacy and nine operational facilities across southern and eastern India, the company commands a strong presence in oxygen, nitrogen, acetylene, and argon production."Despite the stellar debut, analysts caution against overexuberance. 'At listing, the stock trades at ~80x FY25 earnings, which is steep on the face of it. But valuation is often contextual,' Dasani said, noting that Ellenbarrie's high margins help support the the company's concentrated regional footprint and dependence on cyclical industries like steel and healthcare raise questions. 'Over 85% of Ellenbarrie's business comes from repeat bulk buyers — which ensures customer loyalty but also heightens dependence. Any slowdown in steel demand or medical oxygen off-take could sharply affect revenue,' Dasani intends to use the IPO proceeds to repay debt, fund a 220 TPD air separation unit at its Uluberia-II plant, and for general corporate purposes. Founded in 1973, the company currently serves more than 1,800 clients across steel, pharmaceuticals, petrochemicals, defence, and railways from its eight production a robust debut behind it, investor focus will now shift to whether Ellenbarrie can deliver consistent performance and scale beyond its current regional strongholds. 'The listing premium reflects investor belief in the company's profitability and positioning — but maintaining that confidence will hinge on steady performance in a capital-intensive, demand-sensitive industry,' Dasani said.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Standard
01-07-2025
- Business
- Business Standard
Ellenbarrie Industrial Gases makes good debut
Shares of Ellenbarrie Industrial Gases were currently trading at Rs 537.45 at 10:24 IST on the BSE, representing a premium of 34.36% compared with the issue price of Rs 400. The scrip was listed at Rs 492, exhibiting a premium of 23% to the issue price. So far, the stock has hit a high of 541.20 and a low of 485.65. On the BSE, over 41.21 lakh shares of the company were traded in the counter so far. The initial public offer of Ellenbarrie Industrial Gases was subscribed 22.19 times. The issue opened for bidding on 24 June 2025 and it closed on 26 June 2025. The price band of the IPO is fixed between Rs 380 and 400 per share. The company will use the issue proceeds to repay borrowings of Rs 210 crore, set up a 220 TPD air separation unit at its Uluberia-II plant (Rs 104.5 crore), and for general corporate purposes. The plant, costing Rs 187.60 crore, is expected to be completed by October 2025. Total borrowings stood at Rs 264.21 crore as of 30 April 2025. Promoters Padam Kumar Agarwala and Varun Agarwala have offered 56,56,565 equity shares each in the offer for sale, aggregating to a total of 1,13,13,130 equity shares. Post-offer, Padam Kumar Agarwalas shareholding will reduce from 61.7% to 53.3%, while Varun Agarwalas stake will decline from 25.3% to 19.5%. Ellenbarrie Industrial Gases, founded in 1973, is a leading industrial and medical gases manufacturer in India. It serves sectors like steel, healthcare, pharma, and defence, with 9 plants and a production capacity of 1,250 TPD. Promoted by Padam and Varun Agarwala, the company is coming out with an IPO comprising a fresh issue and an offer for sale. Ahead of the IPO, Ellenbarrie Industrial Gases on Monday, 23 June 2025, raised Rs 255.75 crore from anchor investors. The board allotted 63.93 lakh shares at Rs 400 each to 28 anchor investors. The firm reported a consolidated net profit of Rs 83.2890 crore and a total income of Rs 312.48 crore for the twelve months ended on 31 March 2024.
