Today, June 27, 2025, is a crucial day for investors who participated in the Ellenbarrie Industrial Gases IPO, as the allotment status is expected to be finalized. The ₹852.53 crore IPO, which opened for subscription from June 24 to June 26, garnered significant interest from various investor categories. The IPO comprised a fresh issue of 1 crore shares worth ₹400 crore and an offer for sale of 1.13 crore shares amounting to ₹452.53 crore. The price band was fixed at ₹380 to ₹400 per share, with a minimum lot size of 37 shares.
Investors can check their allotment status through multiple platforms: the official websites of BSE and NSE, and the registrar to the issue, KFin Technologies. Here's a step-by-step guide for each:
1. KFin Technologies:
2. BSE:
3. NSE:
The IPO witnessed an oversubscription of 22.19 times, with strong demand from qualified institutional buyers (QIBs), non-institutional investors (NIIs), and retail investors. QIBs subscribed 64.23 times their reserved quota, NIIs subscribed 15.21 times, and retail investors subscribed 2.14 times. The impressive subscription numbers reflect the positive sentiment surrounding the company's fundamentals and growth prospects.
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing gains. According to investorgain.com, the GMP for Ellenbarrie Industrial Gases' IPO stood at ₹19 on June 26, suggesting that the shares were trading at ₹19 above the issue price in the grey market. Based on the upper price band of ₹400, the expected listing price was around ₹419 per share, a premium of 4.75%. However, other sources indicate a GMP of ₹40 today, June 27. Given this GMP, the stock is expected to list around ₹441, reflecting a potential listing gain of 10.25%.
The tentative listing date for Ellenbarrie Industrial Gases' shares on both the BSE and NSE is set for Tuesday, July 1, 2025.
Founded over five decades ago, Ellenbarrie Industrial Gases is a manufacturer and supplier of industrial gases, including oxygen, nitrogen, argon, and acetylene, as well as specialty and medical gases. The company operates nine facilities across East, South, and Central India, serving diverse sectors such as steel, pharmaceuticals, defense, healthcare, and railways.
The IPO includes a fresh equity issuance worth Rs 400 crore along with an offer for sale (OFS) of 1.13 crore shares. The company intends to utilize Rs 210 crore from the fresh issue proceeds to repay debt.
In FY25, Ellenbarrie Industrial Gases reported a PAT margin of 26.7% with a net profit of Rs 83.3 crore, an EBITDA margin of 35.8%, and a return on equity of 16.9%.
