IPO Subscription Status (Day 3 Final Tally)

Ellenbarrie Industrial Gases IPO: Overview

Ellenbarrie Industrial Gases is a manufacturer and supplier of industrial and medical gases, including:

• Oxygen, nitrogen, argon, and carbon dioxide

• Cryogenic gas storage solutions and bulk distribution

• Supplies to steel, pharma, healthcare, and manufacturing sectors

IPO Details Summary

GMP Update: Strong Premium Signals

• Current GMP: ₹18–₹20

• Upper Band Price: ₹72

• Expected Listing Price: ₹90–₹92

• Implied Listing Gain: 25–28%

Note: GMP reflects unofficial sentiment and may fluctuate based on market demand.

Use of IPO Funds

The IPO proceeds will be used for:

• Capex for additional gas production capacity

• Fleet expansion for cryogenic tankers

• Working capital and plant automation

• General corporate purposes

Should You Invest in Ellenbarrie IPO?

Positives:

• Decades of experience in the industrial and medical gases segment

• Widespread B2B client base across steel, pharma, and hospitals

• Robust GMP and strong institutional participation

Risks:

• Exposure to commodity price fluctuations

• High capital intensity of gas plants and logistics

• SME IPOs carry post-listing volatility and liquidity risks

Expert Verdict:
With 22x subscription, solid GMP, and diversified demand, Ellenbarrie Industrial Gases IPO looks favourable for listing gains. Long-term potential depends on capacity utilisation and market expansion execution.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investors are advised to consult with certified financial advisors and read all documents carefully before making investment decisions. Market conditions are subject to change.

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