111  Total SME IPOs listed in 2025

4,998.15 Crs.  Total funds raised in 2025

77  SME IPOs listed with Gain in 2025

34  SME IPOs listed with loss in 2025

111  Total SME IPOs listed in 2025

4,998.15 Crs.  Total funds raised in 2025

77  SME IPOs listed with Gain in 2025

34  SME IPOs listed with loss in 2025

111  Total SME IPOs listed in 2025

4,998.15 Crs.  Total funds raised in 2025

77  SME IPOs listed with Gain in 2025

34  SME IPOs listed with loss in 2025

111  Total SME IPOs listed in 2025

4998.15 Crs.  Total funds raised in 2,025.00

77  SME IPOs listed with Gain in 2025

34  SME IPOs listed with loss in 2025

Ellenbarrie Industrial Gases Limited IPO Analysis

Ellenbarrie Industrial Gases IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 852.53 Cr. The company is based in Kolkata and caters to Oil And Gas sector. IIFL Securities , Jm Financial , Motilal Oswal Investment Advisors are the merchant bankers of Ellenbarrie Industrial Gases IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 18th September 2024.

Ellenbarrie Industrial Gases IPO posted revenues of ₹ 312.48 Cr. and PAT of ₹ 83.29 Cr. in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 312.48 Cr.
            EBITDA: ₹ 109.74 Cr.
            PAT: ₹ 83.29 Cr.
  • EBITDA Margin: 35.12 %
            Pat Margin: 26.65 %
  • Net Worth: ₹ 493.36 Cr.
  • Market Capitalisation: ₹ 5637.42 Cr.
  • P/E: 67.69 times
  • P/BV: 4.19 times
  • EV/EBITDA: 53.61 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

Ellenbarrie Industrial IPO Financial Performance (Restated)

Financial results of Ellenbarrie Industrial Gases IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Mar-25 FY24 FY23 FY22
Balance Sheet
Assets 845.97 672.54 551.27 414.06
Net Worth 493.36 409.89 363.06 338.33
Total Debt 245.30 176.90 101.10 10.71
Profit & Loss
Revenue
Revenue on annualised basis
312.48
312.48
269.48 205.11 244.58
EBITDA
EBITDA on annualised basis
109.74
109.74
61.53 33.59 80.46
PAT
PAT on annualised basis
83.29
83.29
45.29 28.14 67.16
Financials
31-Mar-25
FY24
FY23
FY22
Balance Sheet
Assets
845.97
672.54
551.27
414.06

Net Worth
493.36
409.89
363.06
338.33

Total Debt
245.30
176.90
101.10
10.71

Profit & Loss
Revenue
Revenue on annualised basis
312.48
312.48
269.48
205.11
244.58

EBITDA
EBITDA on annualised basis
109.74
109.74
61.53
33.59
80.46

PAT
PAT on annualised basis
83.29
83.29
45.29
28.14
67.16

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Ellenbarrie Industrial IPO Key performance Indicators (KPI)

Ellenbarrie Industrial Gases IPO PAT Margin is 26.65 % , ROCE (Return on Capital Employed) is 13.71 % as per latest financial. The below table shows Ellenbarrie Industrial Gases IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Mar-25 FY24 FY23 FY22
EBITDA Margin (%) 35.12 22.83 16.38 32.90
PAT Margin (%) 26.65 16.81 13.72 27.46
EPS (₹) 6.36 3.46 2.15 5.13
ROE (%) 16.88 11.05 7.75 19.85
ROCE (%) 13.71 12.22 6.46 27.70
ROA (%) 9.85 6.73 5.10 16.22
Debt to Equity 0.50 0.43 0.28 0.03
Particulars
31-Mar-25
FY24
FY23
FY22

EBITDA Margin (%)
35.12
22.83
16.38
32.90

PAT Margin (%)
26.65
16.81
13.72
27.46

EPS (₹)
6.36
3.46
2.15
5.13

ROE (%)
16.88
11.05
7.75
19.85

ROCE (%)
13.71
12.22
6.46
27.70

ROA (%)
9.85
6.73
5.10
16.22

Debt to Equity (x)  
0.50
0.43
0.28
0.03

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Ellenbarrie Industrial Gases IPO Valuation Metrics

The market Capitalisation of Ellenbarrie Industrial Gases IPO is ₹ 5637.42 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
5,637.42

Enterprise Value (EV) (₹ Cr.):
5,882.62

EV/EBITDA (times) :
53.61

PE Multiple (times) :
67.69

P/B (times) :
4.19

NAV (₹) :
25.48

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Ellenbarrie Industrial prospectus?

The Ellenbarrie Industrial Gases IPO prospectus highlights an Return on Equity (ROE) of 16.88 % , Return on Assets (ROA) of 9.85 %, and an EBITDA Margin of 35.12 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Ellenbarrie Industrial IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Ellenbarrie Industrial Gases IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Ellenbarrie Industrial IPO ?

The post-IPO market capitalisation of Ellenbarrie Industrial Gases IPO is ₹ 5637.42 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Ellenbarrie Industrial IPO?

The Ellenbarrie Industrial Gases IPO has a Price-to-Earnings (PE) ratio of 67.69 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Ellenbarrie Industrial Gases IPO?

Ellenbarrie Industrial Gases IPO reported revenue of ₹ 312.48 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Ellenbarrie Industrial Gases IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Ellenbarrie Industrial Gases IPO?

Ellenbarrie Industrial Gases recorded an EBITDA of ₹ 109.74 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Ellenbarrie Industrial Gases IPO?

Ellenbarrie Industrial Gases Profit After Tax (PAT) is ₹ 83.29 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 312.48 Cr.
            EBITDA: ₹ 109.74 Cr.
            PAT: ₹ 83.29 Cr.
  • EBITDA Margin: 35.12 %
            Pat Margin: 26.65 %
  • Net Worth: ₹ 493.36 Cr.
  • Market Capitalisation: 5,637.42
  • P/E: 67.69 times
  • P/BV: 4.19 times
  • EV/EBITDA: 53.61

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Ellenbarrie Industrial Gases operates in Oil And Gas and Production And Supply Of Industrial, Medical, And Speciality Gases Such As Oxygen, Carbon Dioxide, Acetylene, Nitrogen, Helium, Hydrogen, Argon, And Nitrous Oxide. The Issue is listed on BSE,NSE in Jul, 2025. Ellenbarrie Industrial Gases IPO size was 852.53 with Issue price of 400.00 .

Merchant Banker(s) of Ellenbarrie Industrial Gases IPO: IIFL Securities Limited , Jm Financial Limited , Motilal Oswal Investment Advisors Limited

Ellenbarrie Industrial Gases IPO subscription was 22.19 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Ellenbarrie Industrial Gases IPO listed at a listing price of 486.00 against the offer price of 400.00.

The current market price of Ellenbarrie Industrial Gases is 559.35.

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