Ellenbarrie Industrial Gases Limited Latest Updates

Recent IPO and Listing Ellenbarrie Industrial Gases Limited successfully completed its Initial Public Offering (IPO) in June 2025 and was subsequently listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in July 2025. The total issue size was approximately ₹852.53 crore, which included a fresh issue component of ₹400 crore and an Offer for Sale (OFS). Capacity Expansion and Capital Expenditure A key objective of the IPO funds was to finance a major expansion project. The company is setting up a new Air Separation Unit (ASU) at its Uluberia-II plant in West Bengal, which will have a capacity of 220 Tonnes Per Day (TPD). This expansion is part of the overall strategy to increase manufacturing capacity. Debt Repayment A significant portion of the net proceeds from the fresh issue of the IPO, amounting to approximately ₹210 crore, was designated for the pre-payment or repayment of certain outstanding company borrowings, aiming to strengthen the financial risk profile. Operational Highlights (FY2025) As of the last reported financials (March 31, 2025), the company's total production capacity stood at 3,861 TPD. The company continues to maintain a strong presence in the East and South India industrial gas market, supplying a wide portfolio of gases including oxygen, nitrogen, and argon, as well as providing medical gas pipeline solutions. Corporate Compliance and Governance The company conducted its Annual General Meeting (AGM) on September 24, 2025, and made subsequent regulatory announcements regarding the outcome. Separately, the company informed the exchanges of the appointment of a Secretarial Auditor with effect from April 1, 2025.