Ellenbarrie IPO Oversubscribed 22 Times QIB Portion Subscribed 64x, Strong Demand Across Segments

The ₹852-crore initial public offering (IPO) of Ellenbarrie Industrial Gases Ltd closed on a strong note on Thursday, oversubscribed by 22.19 times on the final day of bidding.

Ellenbarrie IPO Subscription Status (Final Day – June 26)

According to data from the National Stock Exchange (NSE), the IPO received bids for 33.52 crore equity shares against an offer of 1.51 crore shares. Here’s a category-wise breakdown:

• Qualified Institutional Buyers (QIBs): 64.23 times subscribed

• Non-Institutional Investors (NIIs): 15.21 times

• Retail Individual Investors (RIIs): 2.14 times

This impressive response reflects strong interest from institutional and high-net-worth investors.

Ellenbarrie IPO Details at a Glance

IPO Objectives: Where Will the Funds Go?

Proceeds from the fresh issue will be strategically utilized:

• ₹210 crore: Repayment or prepayment of borrowings

• ₹104.5 crore: Setting up a new Air Separation Unit at Uluberia-II plant in West Bengal

• Remaining funds: General corporate purposes

About Ellenbarrie Industrial Gases Ltd

Founded as a leading player in the industrial gases sector, Ellenbarrie manufactures and distributes:

• Industrial gases

• Dry ice & synthetic air

• Medical oxygen

• LPG, fire-fighting gases

• Welding mixtures & specialty gases

The company serves sectors such as healthcare, pharmaceuticals, chemicals, steel, and electronics across India.

What’s Next: Allotment & Listing Date

• Share Allotment Expected: By July 1, 2025 (tentative)

• Listing Date (BSE & NSE): Likely by July 3, 2025

Investors are advised to monitor official updates via the registrar and stock exchange portals for allotment status.

• Ellenbarrie IPO subscription status

• Ellenbarrie Industrial Gases IPO allotment date

• Ellenbarrie IPO listing gains

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