Ellenbarrie Industrial Gases ipo date, Share Price Target Tomorrow, 2025, 2026, 2030

Ellenbarrie Industrial Gases is an Indian company that makes and supplies different types of gases used in factories, hospitals, and special industries. The company provides gases like oxygen, nitrogen, carbon dioxide, helium, hydrogen, argon, and dry ice, which are used in steel, construction, chemicals, defence, and electronics industries. It also supplies medical gases like oxygen and nitrous oxide to hospitals and clinics. The company has some of the largest gas plants in India and uses special trucks and gas cylinders to safely deliver gas to customers. It also sets up gas systems in hospitals, provides gas-related equipment like ventilators and sterilisers, and offers help in building gas plants.

What is the Ellenbarrie Industrial Gases Ltd IPO?

Ellenbarrie Industrial Gases is an Indian company started in 1973 in Kolkata by Rohan Kanoi. It is one of the oldest and biggest companies in India that makes gases used in factories and hospitals. These gases include oxygen, nitrogen, helium, hydrogen, and others, which are used in steel, medicine, factories, and the hospital industry. The company has eight factories in West Bengal, Andhra Pradesh, and Telangana. It also has a large number of special trucks to carry these gases safely. During the COVID-19 pandemic, it helped by sending oxygen to hospitals across the country. Today, the company is growing fast and building more plants to produce even more gas.

Ellenbarrie Industrial Gases IPO Details

IPO Date	June 24, 2025 to June 26, 2025
Shareholding Pre Issue	[.]
Face Value	₹2 per share
Price Band	₹380 to ₹400 per share
Minimum Investment	₹14060
Lot Size	37 Shares
Issue Type	Bookbuilding IPO
Listing At	BSE, NSE
Share Holding Pre Issue	13,09,35,600 shares
Shareholding Pre-Issue	14,09,35,600 shares

Ellenbarrie Industrial Gases share price Target Tomorrow

It has improved a lot financially, going from losses to making steady profits and growing fast in recent years. Its main business of selling industrial gases is running well, with more sales and better earnings. Some of its profit comes from other sources too, but overall, the company’s money situation is getting stronger. It hasn’t given any dividends yet, but it seems to be using the money to grow the business.

Day	Minimum Price (Rs)	Maximum Price (Rs)
Tomorrow	-33	+74

Ellenbarrie Industrial Gases share price Target 2025

The company also provide dry ice, gases for fire safety, medical oxygen, cooking gas (LPG), gases for welding, and other special gases. The company also helps set up big gas plants. They handle the planning, design, building, and starting of these plants. Besides this, they supply medical machines and tools to hospitals. These include machines for giving anaesthesia, checking lungs, helping patients breathe, cleaning medical tools, and watching patients’ health. As of the year 2023–24, the company has eight offices and plants in eastern, southern, and central India. In 2025, its share price target would be ₹590, as per our analysis.

By our prediction, its share price would be between ₹300 to ₹590 in 2025.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2025	300	590

Month	Minimum Price  (Rs)	Maximum Price (Rs)
June	341	487
July	378	500
August	390	514
September	420	522
October	437	547
November	478	575
December	500	590

Ellenbarrie Industrial Gases share price Target 2026

It provides special gases like synthetic air, which is a clean mix of oxygen and nitrogen used to test environmental machines. It also supplies very pure nitrogen for the electronics industry and pure oxygen used in research labs, solar panel making, and semiconductor production. The company also makes liquefied argon. It offers complete services for setting up and maintaining medical gas pipelines in hospitals and healthcare centres. In the year 2024, the company worked with 1,836 customers from different areas, including government and defence groups like Indian Air Force bases, the Eastern Naval Command, and government labs. In 2026, its share price target would be ₹783, as per our prediction.

Its share price would be between ₹500 to ₹783 in 2026, as per our analysis.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2026	500	783

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	500	631
February	524	647
March	538	658
April	551	671
May	560	687
June	577	698
July	589	711
August	620	727
September	641	747
October	657	760
November	684	767
December	700	783

Share price Target 2027

It has its plants having a total capacity of 1,250 tons per day and uses its special tankers to deliver the gas. It runs three separate oxygen-making units: one in Uluberia, West Bengal, with a capacity of 115 tons per day, one in Telangana with 130 tons per day, and one in Andhra Pradesh with 170 tons per day. The company also has two stations where it fills gas cylinders to reach more customers. As of March 31, 2024, it had over 35,000 gas cylinders in use, helping it keep a strong and wide delivery system. In 2027, its share price target would be ₹932, as per our analysis.

By our prediction, its share price would be between ₹700 to ₹932 in 2027.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2027	700	932

Share price Target 2028

It provides services to set up large oxygen-making units, handling everything from planning to installation and making them ready to use. The company also helps hospitals; it sets up and takes care of their medical gas systems. It supplies medical equipment like anaesthesia machines, ventilators, breathing test devices, sterilisers, patient monitors, and other tools used in healthcare. In 2028, its share price target would be ₹1084, as per our prediction.

Its share price would be between ₹852 to ₹1084 in 2028, as per our analysis.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2028	852	1084

Share price Target 2029

It is one of the oldest companies in India that makes industrial gases. It is the largest company of its kind that is fully owned by Indians, based on how much it produces, earns, and grows. The company runs one of the biggest oxygen plants in the country and makes gases like oxygen, nitrogen, argon, and hydrogen. These gases are used in many areas such as building ships, making steel, medicines, and defence. It also supplies gases for India’s space and defence work, and provides special air used to check pollution and air quality. In 2029, its share price target would be ₹1237, as per our analysis.

By our prediction, its share price would be between ₹930 to ₹1237 in 2029.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2029	930	1237

Ellenbarrie Industrial Gases share price Target 2030

It is one of the oldest companies in India that makes industrial gases, in a field mostly led by international companies. It is the biggest company fully owned by Indians in terms of how much gas it can make, how much money it earns, and how well it performs. It runs one of the largest oxygen plants in India and has a good share of the market. The company produces many gases like oxygen, nitrogen, argon, helium, hydrogen, carbon dioxide, nitrous oxide, and acetylene. These gases are used in many areas such as building ships, making glass and steel, medicines, welding, and metal work, so their regular supply is very important. In 2030, its share price target would be ₹1422, as per our prediction.

Its share price would be between ₹1110 to ₹1422 in 2030, as per our analysis.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2030	1110	1422

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	1110	1227
February	1127	1238
March	1138	1252
April	1150	1267
May	1168	1281
June	1174	1298
July	1182	1310
August	1197	1328
September	1211	1342
October	1233	1357
November	1252	1374
December	1300	1422

Share price Target 2040

The company follows all safety rules and laws. Every workplace has its safety plan the company tries to keep the work environment safe and healthy. To prevent accidents, it has taken several steps like preparing safety manuals, checking for possible dangers, giving safety training to workers, doing regular safety checks and meetings, and holding emergency drills to stay prepared. In 2040, its share price target would be ₹2844, as per our analysis.

By our prediction, its share price would be between ₹2510 to ₹2844 in 2040.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2040	2510	2844

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	2510	2632
February	2533	2654
March	2542	2669
April	2558	2700
May	2574	2711
June	2590	2724
July	2610	2735
August	2625	2751
September	2638	2765
October	2652	2781
November	2684	2800
December	2715	2844

Share Price Target 2050

The company cares about the environment; it has put solar panels at its Jadcherla plant to save energy, and keeps track of how much power is needed to make each unit of liquid, so it can improve. A rainwater collection system has been set up at the Parawada facility to save water. The company is also using bigger tankers so they can carry more at once. To support people, the company helped build a school in Pune and gave money to a hospital in Kalyani. At work, the company follows fair rules, supports diversity, and wants everyone to feel safe and welcome. In 2050, its share price target would be ₹4457, as per our prediction.

Its share price would be between ₹4025 to ₹4457 in 2050, as per our analysis.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2050	4025	4457

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	4025	4108
February	4034	4120
March	4041	4144
April	4057	4158
May	4075	4169
June	4090	4180
July	4100	4207
August	4118	4252
September	4131	4274
October	4157	4290
November	4225	4352
December	4311	4457

Should I buy Ellenbarrie Industrial Gases stock?

Year	Minimum Price (Rs)	Maximum Price (Rs)
2025	300	590
2026	500	783
2027	700	932
2028	852	1084
2029	930	1237
2030	1110	1422
2040	2510	2844
2050	4025	4457

The comapny is growing well, making more profits, and playing a big role in supplying gases to industries like healthcare, steel, and pharma. The gas industry in India is also expected to grow, which is good for the company. But it has some risks, such as having debt and relying on one-time earnings. But on the other hand, it has a lot of growth potential. Overall, it could be a good option for those who can take some risks.

Ellenbarrie Industrial Gases earnings results (Financials)

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	174	175	247	205	269
Expenses +	149	129	184	171	208
Operating Profit	25	46	63	34	62
OPM %	14%	26%	25%	16%	23%
Other Income +	121	5	15	19	21
Interest	16	10	4	4	8
Depreciation	11	13	12	11	10
Profit before tax	120	27	62	37	64
Tax %	25%	12%	29%	24%	29%
Net Profit +	89	24	44	28	45
EPS in Rs	54.04	14.53	26.71	17.01	27.37
Dividend Payout %	0%	0%	0%	0%	0%

Is Ellenbarrie Industrial Gases stock good to buy? (bull case & bear case)

Bull Case:

• The company’s profit has grown, 42.3% per year on average over the last 5 years.
• It earned ₹269.4 crore in revenue in FY24, which is a 31% increase from the previous year.
• It made a profit of ₹45.2 crore in FY24, growing by 61% compared to the year before.
• Supplies gas to 1,836 customers in industries like steel, pharma, and hospitals.
• Runs 8 gas plants across India and can produce up to 1,250 tonnes of oxygen per day.
• India’s industrial gas market is expected to grow from US$1.22 billion in 2023 to US$1.75 billion by 2028, which is about 7.5% growth per year.

Bear Case:

• The company’s return on equity is only 11% over the last 3 years.
• The profit in FY24 includes ₹20.7 crore from other income, which may not come again next year.
• It has ₹176.9 crore in loans as of March 2024, which means it depends a lot on borrowed money.
• Paid ₹15.1 crore in interest costs last year, which reduces profit.

Ellenbarrie Industrial Gases IPO Promoter Holding

Padam Kumar Agarwala and Varun Agarwal are the company promoters.

Shareholding Post Issue	96.47%
Share holding Post Issue	—

Objects of the Issue (Ellenbarrie Industrial Gases IPO Objectives)

• Repay the company’s loans of ₹210.00 crores
• Set up a new gas production unit at the Uluberia-II plant with a capacity of 220 tons per day for ₹104.50 crores
• Cover general business expenses
• Improve business operations and support future growth

Ellenbarrie Industrial Gases ipo gmp

Date	IPO GMP	GMP Trend	Kostak	Subject to
20 June	₹-	–	₹-	₹-
19 June	₹-	–	₹-	₹-

Conclusion

It is an Indian company that makes gases used in factories, hospitals, and other industries. The company is growing well, making steady profits, and running big gas plants across the country. It’s focused on expanding its business and improving how it operates. The company is doing well and demand for its gases is increasing; it relies on some borrowed money and one-time earnings, which could be risky. Overall, it looks like a good option for those interested in India’s growing gas industry, but it’s important to be aware of the risks.

FAQs