Ellenbarrie Industrial Gases Has Reserved 50% of its public issue for Qualified Institutional Buyers (QIBs), 15% for non-institutional investors (NIS), and the Remiance 35% for Retail Investor.
The company, Based in India, Specializes in Manufacturing and Supplying Industrial, Medical, and Specialty Gases, Including Oxygen, Carbon Dioxide, Acetylene, Nitroogen, Helium, Helium, Helium, Helium, Helium Argon, and Nitrous Oxide.
Ellenbar Industrial Gases IPO Day 3 Live: Subscription Status
The subscription status for day 3 will be live at 10 am.
Ellenbarrie Industrial Gases IPO has Seen A 31% Overall subscription by the second day. The retail investor segment was subscribed 37%, while the Non-Institutional Investors (NII) Ported at 58%. However, the Qualified Institute Buyers (QIBS) category has not received any bids so far.
Ellenbarrie Industrial Gases IPO Day 3 Live: Details
Ellenbarrie Industrial Gases’ IPO is a Book-Built Issue Totaling 852.53 Crore. It comprises a fresh issue of 1 crore shares wort 400 Crore and an offer for sale of 1.13 Crore shares valued at 452.53 Crore.
The price band for the elinbarrie industry gases iPo has been set between 380 and 400 per equity share, with a face value of 2. The minimum lot size is 37 equity shares, with bids to be placed in multiples of 37 shares there.
The Allotment for the Ellenbarrie Industrial Gases IPO is expected to be finalized on Friday, June 27.
Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited, and JM Financial Limited Are The Lead Managers for the Ellenbarrie Industrial Gases IPO, with Kfin Technologies Limited Serving Registrar for this offering.
Ellenbar Industrial Gases IPO Day 3 Live: Gmp
Ellenbarrie Industrial Gases’ IPO GREY Market Premium (Gmp) Stands at 19 today, indicating that its shares are trading at 19 Above the issue price in the unofficial market, according to investorgain.com.
Based on the iPo’s upper price band and the current gmp, the expected listing price is Around 419 per share – a 4.75% premium over the issue price of 400.
Tracking Grey Market Movements Over the Last 12 Sessions, The Gmp Shows a Rising Trend, Sugging Strong Listing Prospects. Experts from investment.com noted that the gmp has ranged between 0.00 and 19 during this period.
‘Grey Market Premium’ Indicates Investors’ Readness to pay more than the issue price.
Ellenbar Industrial Gases IPO Day 3 Live: review
Brokerage firm anand rathi has given ‘subscribe for long-term’ rating to the ellenbarrie industry gases iPo, Saying the Company Cold Perform Well in the Long Run.
“Profitability is improving, supported by a growing share of high-margin argon gas and onsite projects, upcoming capacity additions in 2hfy26 are expected to further ENHANCE PROTERABILITY in FY26 and FY27. Term “Rating for the issue,” The firm said in a note.
Brokerage Firm Cholamandalam Securities have also issued ‘subscribe’ rating to the issue.
The brokerage estimates that the Indian Industrial Gases Market will grow at a compound annual rate of 7.5%, Surpassing 15,000 Crore by 2028. This growth is expected to be fuled by government programs like ‘Make in India’ and Rising Demand from Industries such as Steel, Pharmaceuticals, and Manufacturing. The company currently holds a 2.85% share of the 11,300 Crore Market, Highlighting Ample Room for Expantion.
Their strategy including strengthening their presence in the underarved Eastern and southern regions, with plans to expand into the northern and western parts of the countery. Additionally, their move toward backward integration through in-House plant manufacturing is aimed at de-risking the growth outlook beyond fy26.
Disclaimer: This story is for educational purposes only. The views and recommendations about individual analysts or broking companies, not mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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