Ellenbarrie Industrial Gases Limited

Ellenbarrie Industrial Gases Limited manufactures and supplies industrial, medical and specialty gases, including oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon and nitrous oxide, along with dry ice, synthetic air and firefighting gases. The company also provides project engineering services for air separation units on a turnkey basis and supplies medical equipment such as anesthesia workstations and ventilators. Incorporated in 1973 and headquartered in Kolkata, it is one of the oldest industrial gas manufacturers in India, operating 8 facilities and serving a large client base that includes major institutions such as AIIMS and the Indian Armed Forces. The company has built an extensive manufacturing and distribution network across Eastern and Southern India, with a particularly strong presence in West Bengal, Andhra Pradesh and Telangana. Ellenbarrie has grown its revenue and profit steadily over the last several fiscal years, supported by continued investment in infrastructure such as cryogenic transport tankers and modern filling stations.

The company raised approximately Rs 255.8 crore from anchor investors ahead of the IPO, including HDFC Mutual Fund, Axis Mutual Fund, Reliance Capital Trustee, Bandhan Mutual Fund, Tata Mutual Fund, Motilal Oswal Mutual Fund, Edelweiss Mutual Fund and Union Mutual Fund, with shares allotted at the issue's upper price band of Rs 400 per share.