Archive · 25 Jun 2025
Ellenbarrie Industrial Gases IPO Faces Tepid Investor Response
Ellenbarrie Industrial Gases, an industrial gas maker, is selling shares (IPO) to raise money.
The IPO saw a tepid response on its second day, with demand low.
The company is selling shares at ₹380-400 each.
Money raised will repay debt and build a new gas unit.
Investors include retail, non-institutional and institutional investors.
The company's financial performance improved in the fiscal year 2025.
Ellenbarrie Industrial Gases IPO was undersubscribed on its second day of trading.
The IPO opened on June 24, 2025, and will close on June 26, 2025.
The price band for the IPO is set at ₹380-400 per equity share.
The company aims to raise ₹852.53 crore through the IPO.
Proceeds from the IPO will fund debt repayment, capacity expansion, and general corporate purposes.
- Who
- Ellenbarrie Industrial Gases and investors.
- What
- The initial public offering (IPO) of Ellenbarrie Industrial Gases Limited.
- When
- The IPO opened on June 24, 2025 and closes on June 26, 2025.
- Where
- Not explicitly stated.
- Why
- To raise funds for debt repayment, capacity expansion, and general corporate purposes.
Investors
Company
Investment Appetite
Investors
Cautious Approach
Company
Enthusiastic Participation
- IPO Size
- ₹852.53 crore
- Price Band
- ₹380-400 per share
- Subscription (Day 2)
- 0.24 times
- Retail Subscription (Day 2)
- 0.32 times
- Closing Date
- June 26, 2025
- Revenue Increase (FY2025)
- 15.96%
- Profit Increase (FY2025)
- 83.91%
Sources
Globe Projects IPO booked 4x; Kalpataru & Ellenbarrie saw muted bids; check latest GMPs
IPO GMPs: Globe Civil Projects IPO vs Ellenbarrie IPO vs Kalpataru IPO: What grey market signals?
Globe Civil Projects IPO subscribed 6.97 times on Day 1; Check GMP, subscription status, other details
Ellenbarrie Industria Gases IPO opens to tepid response; NII, retail undersubscribed
Kalpataru IPO subscribed 9% on day one; retail portion at 33%
Arisinfra Solutions IPO shares to list today; check latest GMP before market debut
Ellenbarrie Industrial Gases IPO enters day 2
Globe Civil Projects enters day 2 on strong note
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Ellenbarrie Industrial Gases IPO Day 2: Check latest GMP, Subscription Status, Price Band And Other Key Details
Ellenbarrie Industrial Gases IPO receives lukewarm response on Day 2
