Posted: June 26, 2025
India’s IPO market continues to stay hot this week, and all eyes are now on Ellenbarrie Industrial Gases Limited, which is attracting strong interest from institutional investors — and growing curiosity from retail ones too.
With the IPO closing today, here’s a quick, no-fluff update to help you decide whether it’s worth applying.
Ellenbarrie IPO GMP Today
As of June 26, the grey market premium (GMP) for Ellenbarrie Industrial Gases stands at ₹19 per share. With an upper price band of ₹400, this implies an expected listing price of around ₹419 — roughly a 4.75% premium.
While that may not sound huge, GMP has climbed steadily over the past 12 sessions, hinting at solid listing sentiment.
📈 Subscription Status on Day 3 (Final Day)
- Overall: 4.59x subscribed
- Retail Investors: 0.82x
- Non-Institutional Investors (NII): 4.84x
- Qualified Institutional Buyers (QIBs): 11.26x
QIB interest is very strong, often seen as a bullish sign for the IPO’s long-term prospects.
💼 Key IPO Details at a Glance
| Particulars | Details |
|---|---|
| IPO Size | ₹852.53 crore |
| Fresh Issue | ₹400 crore |
| Offer for Sale (OFS) | ₹452.53 crore |
| Price Band | ₹380 – ₹400 |
| Lot Size | 37 shares |
| IPO Dates | June 24 – June 26, 2025 |
| Allotment Date | June 27, 2025 (Expected) |
| Listing Date | July 1, 2025 (Tentative) |
| Registrar | KFin Technologies |
| Lead Managers | Motilal Oswal, IIFL, JM Financial |
What Does Ellenbarrie Industrial Gases Do?
Ellenbarrie is in the business of producing and supplying:
- Industrial gases (oxygen, nitrogen, argon)
- Medical gases (used in hospitals and pharma)
- Specialty gases (helium, hydrogen, etc.)
They have 2.85% market share in a ₹11,300 crore industry and are aggressively planning expansion — especially in underpenetrated eastern and southern India.
Analyst Reviews: What the Experts Are Saying
🔹 Anand Rathi:
Rated it “Subscribe for Long Term”
Improving profitability, higher-margin products like Argon, upcoming capacity expansion in FY26–FY27, and long-term growth outlook.
🔹 Cholamandalam Securities:
Rated it “Subscribe”
Strong industry tailwinds, 7.5% CAGR growth expected in the Indian gas sector till 2028, driven by “Make in India” and industrial demand.
🧠 Should You Apply?
If you’re a long-term investor, this IPO might be worth a shot. It has the right mix of:
✅ Strong institutional backing
✅ Consistent GMP movement
✅ Clear expansion strategy
✅ Exposure to a growing industrial segment
For short-term or listing gain seekers, the ~5% GMP may not be mind-blowing — but the rising QIB demand offers confidence.
Disclaimer
This post is for informational purposes only. Market conditions, GMPs, and investor interest can change rapidly. Always consult a certified financial advisor before investing.
❓FAQs on Ellenbarrie IPO GMP
1. What is Ellenbarrie Industrial Gases IPO GMP today?
It stands at ₹19, indicating moderate listing premium expectations.
2. How much is the total IPO size?
₹852.53 crore, split between fresh issue and OFS.
3. What is the lot size for application?
37 shares per lot.
4. Is it good for listing gains?
Modest GMP suggests low-to-moderate short-term upside. Ideal for long-term investors.
5. When will it be listed?
Tentative listing is on July 1, 2025, on BSE and NSE.
