
Ellenbarrie Industrial Gases Limited
Established in 1973 and headquartered in Kolkata, Ellenbarrie Industrial Gases Limited (EIGL) is a top-tier Indian producer and supplier of industrial, medical, and specialty gases. Its product lin ...
- Oxygen, Nitrogen, Argon
- Carbon Dioxide, Hydrogen, Helium
- Nitrous Oxide, Synthetic Air, Dry Ice
- Medical Equipment (Ventilators, Anesthesia Units)
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IPO Timeline
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24 Jun 2025Bidding Starts
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26 Jun 2025Bidding Ends
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27 Jun 2025Allotment Finalization
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30 Jun 2025Refund Date
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30 Jun 2025Demat Date
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01 Jul 2025Listing Date
Ellenbarrie Industrial Gases Limited Financial Result in crore
Year | Asset | Revenue | Profit |
---|---|---|---|
31 Mar 2023 | 551.27 Cr | 223.71 Cr | 28.14 Cr |
31 Mar 2024 | 672.54 Cr | 290.20 Cr | 45.29 Cr |
31 Mar 2025 | 845.97 Cr | 348.43 Cr | 83.29 Cr |
About Ellenbarrie Industrial Gases Limited
About Ellenbarrie Industrial Gases Limited (EIGL)
Founded in 1973 and based in Kolkata, Ellenbarrie Industrial Gases Limited (EIGL) is one of India’s leading manufacturers ...
With nine state-of-the-art manufacturing facilities located in West Bengal, Andhra Pradesh, Telangana, and Chhattisgarh, Ellenbarrie boasts an installed production capacity of 3,861 tonnes per day (TPD) as of March 31, 2025. This makes it the largest fully Indian-owned company in the industrial gases sector in terms of production capacity, revenues, and profitability.
Clientele and Sector Reach
EIGL serves over 1,800 clients spanning across key sectors such as steel, pharmaceuticals, healthcare, defence, petrochemicals, railways, and aviation. Some of its major customers include well-known names like Jairaj Ispat, Rashtriya Ispat Nigam, Dr. Reddy’s Laboratories, Laurus Labs, AIIMS, and Chittaranjan Cancer Institute. Its diversified customer base provides long-term business stability and recurring revenue streams through contractual relationships and consistent demand.
Leadership and Strategic Vision
The company is promoted by industry veterans Padam Kumar Agarwala and Varun Agarwal, who together bring over five decades of experience in the industrial gases domain. Under their leadership, Ellenbarrie has transitioned from a regional player to a national force in the sector, especially by focusing on fast-growing industries like steel, pharmaceuticals, and healthcare.
Technology and Operations
EIGL operates across the full value chain—gas production, distribution, and on-site supply—ensuring quality and efficiency through integrated operations. It uses modern technologies like IoT-based monitoring systems to enhance plant performance, ensure product quality, and improve delivery timelines. Its widespread logistics and on-site production model ensure quick turnaround and client satisfaction.
Growth Strategy and Market Positioning
Ellenbarrie’s strategic locations in industrial hubs across India support national priorities such as ‘Make in India’ and ‘Atmanirbhar Bharat’. The company's expansion into medical gases and related healthcare infrastructure solutions has gained momentum, especially post-pandemic, making it well-positioned to serve the rising demand in the healthcare sector.
Read moreIPO Objectives & Expansion Plans
Ellenbarrie plans to use IPO proceeds for:
- Capacity Expansion: A new 220 TPD air separation unit at Uluberia-II (West Bengal)
- Debt Management & Financial Strengthening
- Technology Upgrades & Operational Efficiency
Ellenbarrie Industrial Gases IPO Promoter Holding
Padam Kumar Agarwala and Varun Agarwal are the company promoters.
Share Holding Pre Issue | 96.47 |
Share Holding Post Issue |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
FAQs
How to apply in Ellenbarrie Industrial Gases IPO through Zerodha?
Zerodha customers can apply in Ellenbarrie Industrial Gases IPO by login into Zerodha KITE and See bids section then submitting an IPO application form.
When Ellenbarrie Industrial Gases IPO will open?
The Ellenbarrie Industrial Gases IPO opens on June 24, 2025 and closes on June 26, 2025.
What is the lot size of Ellenbarrie Industrial Gases IPO?
Ellenbarrie Industrial Gases IPO lot size is 37, and the minimum amount required is ₹14,800.
When is Ellenbarrie Industrial Gases IPO allotment?
The finalization of Basis of Allotment for Ellenbarrie Industrial Gases IPO will be done on Friday, June 27, 2025, and the allotted shares will be credited to your demat account by Monday, June 30, 2025.
When is Ellenbarrie Industrial Gases IPO listing date?
The Ellenbarrie Industrial Gases IPO listing date is not yet announced. The tentative date of Ellenbarrie Industrial Gases IPO listing is Tuesday, July 1, 2025.
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