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Mint
3 days ago
- Business
- Mint
Ellenbarrie Industrial Gases IPO listing tomorrow: Here's what GMP, subscription status, hint ahead of debut
Ellenbarrie Industrial Gases IPO listing date has been scheduled for tomorrow (Tuesday, July 1). Ellenbarrie Industrial Gases IPO allotment was finalised on Friday, June 27. For those who have been allocated shares, the crediting of shares to demat accounts will occur today, Monday, June 30. The process of refunding those who have not yet received their shares will likewise be finished today. The initial public offer of Ellenbarrie Industrial Gases opened on Tuesday, June 24, and ended on Thursday, June 26. By the conclusion of the bidding period, the offering received a healthy response, particularly from non-institutional investors (NIIs) who subscribed 15.21 times, followed by retail investors showed a subscription rate of 2.14 times. Qualified institutional buyers (QIBs) was booked 64.23 times. Notably, on the third day of the IPO, the Ellenbarrie Industrial Gases IPO subscription status stood at 22.19 times. Ellenbarrie produces and provides industrial gases, dry ice, synthetic air, fire-fighting gases, medical oxygen, liquid petroleum gas, welding mixtures, and specialty gases to serve a variety of industries. Ellenbarrie Industrial Gases IPO price band has been fixed in the range of ₹ 380 to ₹ 400 per equity share of the face value of ₹ 2. Ellenbarrie Industrial Gases share price will be listed on BSE and NSE on Tuesday, July 1. Let's check what does Ellenbarrie Industrial Gases IPO GMP today signal ahead of listing. Ellenbarrie Industrial Gases IPO GMP today is +56. This indicates Ellenbarrie Industrial Gases share price was trading at a premium of ₹ 56 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Ellenbarrie Industrial Gases share price is indicated at ₹ 456 apiece, which is 14% higher than the IPO price of ₹ 400. According to the grey market activities observed over the past 18 sessions, the IPO GMP is currently on an upward trend and is anticipated to have a robust listing. The minimum GMP recorded is ₹ 0.00, while the maximum GMP reaches ₹ 58, as stated by experts at 'Grey market premium' indicates investors' readiness to pay more than the issue price. The initial public offering (IPO) comprises a fresh issue worth ₹ 400 crore, alongside an offer-for-sale (OFS) of 1.44 crore shares from promoters Padam Kumar Agarwala and Varun Agarwal. At the upper end of the price spectrum, the OFS is estimated to reach approximately ₹ 577 crore, resulting in a total issue size of nearly ₹ 977 crore. The company plans to allocate ₹ 210 crore from the proceeds of the fresh issue to pay down debt, while ₹ 104.5 crore is designated for setting up a 220 TPD air separation unit at its Uluberia-II location. As of April 2025, Ellenbarrie's overall outstanding debt stood at ₹ 264.2 crore. Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited, and JM Financial Limited are the lead managers for the Ellenbarrie Industrial Gases IPO, with Kfin Technologies Limited serving as the registrar for this offering. Ellenbarrie Industrial Gases IPO details Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
News18
6 days ago
- Business
- News18
Ellenbarrie Industrial Gases IPO Allotment Today: A Step-By-Step Guide To Check Status Online, Know Latest GMP
The GMP of the Ellenbarrie Industrial Gases IPO currently stands at 10.25%, indicating decent listing gains. Ellenbarrie Industrial Gases IPO Allotment Status, GMP: The initial public offering (IPO) of Ellenbarrie Industrial Gases Ltd has been closed, and the investors are now awaiting its allotment, which is expected to be finalised today, Friday, June 27. Investors will start receiving bank debit messages once the application is approved. They can also check the allotment status on the websites of the BSE, the National Stock Exchange (NSE), and registrar Kfin Technologies. The Ellenbarrie Industrial Gases IPO allotment will take place on today, June 27, most probably in the evening. The IPO allotment status can be checked online by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Ellenbarrie Industrial Gases Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. Your share application status will appear on your screen. You can also visit directly on the registrar Kfin Technologies' portal — and check the Ellenbarrie Industrial Gases IPO allotment status. According to market observers, the GMP of the IPO currently stands at 10.25%, indicating decent listing gains. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Ellenbarrie Industrial Gases IPO Allotment Date & Listing Date The allotment is expected to be finalised today, Friday, June 27. Its listing is scheduled to take place on July 1 on both BSE and NSE. Ellenbarrie Industrial Gases IPO: More Info The Rs 852-crore initial public offer of Ellenbarrie Industrial Gases Ltd was open for public subscription between June 24 and June 26. It received a 22.19 times subscription on the last day of bidding on Thursday. The three-day IPO received bids for 33,52,79,311 shares, as against 1,51,08,983 shares on offer, as per NSE data. Qualified Institutional Buyers (QIBs) quota received 64.23 times subscription, while the category for non-institutional investors got subscribed 15.21 times. The portion for Retail Individual Investors (RIIs) fetched 2.14 times subscription. Ellenbarrie Industrial Gases has raised Rs 256 crore from anchor investors. The Rs 852-crore IPO has a price band of Rs 380-400 per share. The initial public offer (IPO) is a combination of a fresh issue of shares worth Rs 400 crore and an offer-for-sale (OFS) of 1.13 crore shares valued at Rs 452.53 crore at the upper-end of the price band by promoters – Padam Kumar Agarwala and Varun Agarwal. This aggregates the issue size to Rs 852.53 crore. Proceeds from the fresh issue to the extent of Rs 210 crore will be used for payment of debt, Rs 104.50 crore to set up an air separation unit at its Uluberia-II plant in West Bengal, and a portion will be used for general corporate purposes. Ellenbarrie manufactures and supplies industrial gases, dry ice, synthetic air, fire-fighting gases, medical oxygen, liquid petroleum gas, welding mixtures, and speciality gases catering to a wide range of industries. The shares will be listed on the BSE and NSE. Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial are the book running lead managers to the issue. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : initial public offering (IPO) IPO Location : New Delhi, India, India First Published: June 27, 2025, 11:18 IST News business » ipo Ellenbarrie Industrial Gases IPO Allotment Today: A Step-By-Step Guide To Check Status Online, Know Latest GMP
News18
7 days ago
- Business
- News18
Ellenbarrie Industrial Gases IPO Closes Today: Check Subscription Status, GMP Today
Last Updated: The GMP of the Ellenbarrie Industrial Gases IPO currently stands at 4.75%, indicating flat listing or small gains for investors. Ellenbarrie Industrial Gases IPO: The initial public offering (IPO) of Ellenbarrie Industrial Gases Ltd is going to be closed today, Thursday, June 26. The issue has received a muted response amid subdued GMP. Till 11:58 am on the final day of bidding on Thursday, the Rs 852.53-crore IPO received a 0.85 times subscription, garnering bids for 1,26,33,354 shares as against the 1,26,33,354 shares on offer. The retail and NII participation stood at 0.58 times and 1.85 times, respectively. Its qualified institutional buyer (QIB) category got a 0.56 times subscription. Ellenbarrie Industrial Gases IPO Lot Size & Price Investors need to apply for a minimum of 37 shares or in multiple of that thereof. The price band of the IPO is in the range of Rs 380 to Rs 400 per share. Based on that, the minimum investment required to apply for the IPO is Rs 14,800. Ellenbarrie Industrial Gases IPO Key Dates The IPO was opened on June 24 and will be closed on June 26. Its allotment will be finalised on June 27, while listing will take place on both BSE and NSE on July 1. According to market observers, the GMP of the IPO currently stands at 4.75%, indicating flat listing or small gains for investors. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. The initial public offer (IPO) is a combination of a fresh issue of shares worth Rs 400 crore and an offer for sale (OFS) of 1.13 crore shares valued at Rs 452.53 crore at the upper end of the price band by promoters – Padam Kumar Agarwala and Varun Agarwal. This aggregates the issue size to Rs 852.53 crore. Proceeds from the fresh issue to the extent of Rs 210 crore will be used for payment of debt, Rs 104.50 crore to set up an air separation unit at its Uluberia-II plant in West Bengal, and a portion will be used for general corporate purposes. Ellenbarrie Industrial Gases has raised Rs 256 crore from anchor investors. Ellenbarrie manufactures and supplies industrial gases, dry ice, synthetic air, fire-fighting gases, medical oxygen, liquid petroleum gas, welding mixtures, and speciality gases catering to a wide range of industries. The shares will be listed on the BSE and NSE. Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial are the book-running lead managers to the issue.
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Business Standard
7 days ago
- Business
- Business Standard
Ellenbarrie Industrial Gases IPO ends today: 55% subscription, GMP at 5%
Ellenbarrie Industrial Gases IPO subscripion status: The initial public offering (IPO) of industrial, medical, and speciality gases supplier Ellenbarrie Industrial Gases has received muted demand among investors so far. The public offering has entered the final day of subscription; however, it is yet to get fully subscribed. Ellenbarrie Industrial Gases IPO has received bids for 82,38,901 shares against 1,51,08,983 shares on offer till 10:15 AM on Thursday, June 26, 2025. This translates to a subscription of 55 per cent. None of the individual categories has been fully subscribed yet. Non-Institutional Investors (NIIs) subscribed to the category reserved for them by 81 per cent, Qualified Institutional Buyers (QIBs) by 57 per cent, and retail investors at 42 per cent of the quota reserved for them. Ellenbarrie Industrial Gases IPO details The public offering of Ellenbarrie Industrial Gases comprises a fresh issue of 10 million equity shares and an offer for sale (OFS), with promoters Padam Kumar Agarwala and Varun Agarwal divesting up to 11.3 million equity shares. Ellenbarrie Industrial Gases has set the price band for its IPO in the range of ₹380–400 per share, and the lot size is 37 shares. A retail investor can bid for a minimum of one lot or 37 shares with an investment amount of ₹14,800. To bid for a maximum of 13 lots or 481 shares, a retail investor would require an investment amount of ₹1,92,400. Ellenbarrie Industrial Gases IPO grey market premium (GMP) today Despite the lacklustre response to the public offering, the unlisted shares of Ellenbarrie Industrial Gases were trading at a premium in the grey markets. Sources tracking unofficial market activity revealed that Ellenbarrie Industrial Gases shares were trading at ₹419 apiece, reflecting a grey market premium (GMP) of ₹19 or 4.75 per cent over the upper price band of ₹400. Ellenbarrie Industrial Gases IPO review Ellenbarrie Industrial Gases has received broadly favourable reviews for its public offering. Among the brokerages, SBI Securities has assigned a Subscribe rating on the Ellenbarrie Industrial Gases IPO, while Bajaj Broking has recommended investors to subscribe to the issue for the medium to long term. Ellenbarrie Industrial Gases IPO allotment date, listing date As the subscription window closes today, the basis of allotment of Ellenbarrie Industrial Gases IPO shares is likely to be finalised on Friday, June 28, 2025. The successful allottees will receive the company's shares into their demat accounts tentatively on Monday, June 30, 2025. Ellenbarrie Industrial Gases shares are slated to list on the BSE and NSE on Monday, July 1, 2025. Ellenbarrie Industrial Gases IPO objectives Ellenbarrie Industrial Gases will not receive any proceeds from the OFS; the amount will be given to the selling promoters after deducting their proportion of offer expenses and relevant taxes. Ellenbarrie Industrial Gases, however, plans to use the proceeds from the fresh issue for repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the company, as well as for setting up an air separation unit at the Uluberia-II plant with a capacity of 220 TPD. The company will further use the proceeds from the public offering for general corporate purposes. Ellenbarrie Industrial Gases IPO registrar, BLRM details KFin Technologies is the registrar for the issue, while Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial are the book-running lead managers. About Ellenbarrie Industrial Gases Incorporated in 1973, Ellenbarrie Industrial Gases (EIGL) produces and supplies industrial, medical, and specialty gases. The company's product range includes oxygen, carbon dioxide, nitrogen, and other gases. EIGL serves various industries, including steel, pharmaceuticals, healthcare, and engineering. The company operates eight manufacturing facilities across India. EIGL supplied products to 1,829 customers in Fiscal 2025.
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Business Standard
25-06-2025
- Business
- Business Standard
Ellenbarrie Industrial Gases IPO subscribed 31% on day two of bidding
The IPO received bids for 47,29,488 shares against 1,51,08,983 shares on offer, according to data available with the NSE Press Trust of India New Delhi The initial public offer of Ellenbarrie Industrial Gases Ltd garnered a 31 per cent subscription on day two of the share sale on Wednesday. The IPO received bids for 47,29,488 shares against 1,51,08,983 shares on offer, according to data available with the NSE. The category for non-institutional investors received 58 per cent subscription, while retail individual investors (RIIs) quota subscribed 37 per cent. Ellenbarrie Industrial Gases has raised Rs 256 crore from anchor investors. The Rs 852-crore IPO will conclude on Thursday. The price band has been fixed at Rs 380-400 per share for the issue. The initial public offer (IPO) is a combination of a fresh issue of shares worth Rs 400 crore and an offer for sale (OFS) of 1.13 crore shares valued at Rs 452.53 crore at the upper end of the price band by promoters - Padam Kumar Agarwala and Varun Agarwal. This aggregates the issue size to Rs 852.53 crore. Proceeds from the fresh issue to the extent of Rs 210 crore will be used for payment of debt, Rs 104.50 crore to set up an air separation unit at its Uluberia-II plant in West Bengal, and a portion will be used for general corporate purposes. Ellenbarrie manufactures and supplies industrial gases, dry ice, synthetic air, fire-fighting gases, medical oxygen, liquid petroleum gas, welding mixtures, and speciality gases catering to a wide range of industries. The shares will be listed on the BSE and NSE. Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial are the book-running lead managers to the issue. Globe Civil Projects IPO Civil construction and infrastructure development company Globe Civil Projects' initial public offer received 15.26 times subscription on the second day of bidding. The Rs 119-crore IPO received bids for 17,90,07,336 shares against 1,17,32,392 shares on offer, as per NSE data. The portion for non-institutional investors garnered 21.31 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 16.72 times. The category for Qualified Institutional Buyers (QIBs) fetched 8.15 times subscription. The initial share sale of Globe Civil Projects was fully subscribed on the first day of bidding on Tuesday. The Initial Public Offer (IPO) of up to 1,67,60,560 equity shares has a price range of Rs 67-71 per share. Its shares will be listed on the BSE and NSE. Globe Civil Projects Ltd intends to utilise Rs 75 crore of the IPO proceeds for funding working capital requirements, Rs 14.26 crore for capital expenditure towards the purchase of construction equipment/machinery and the remaining funds will be used for general corporate purposes and issue expenses, according to a company statement. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
