ListedMainboard

Ellenbarrie Industrial Gases Limited

ELLEN24 Jun 2025 – 26 Jun 2025INE236E01022
On listing day it
we hold no exchange bar dated on the listing date
Since then, against the issue price
-6.6%
₹373.45 on 21 Sept 2026

Against an issue price of ₹400. Split- and bonus-adjusted official closes — a past move, never a forecast.

Issue price
₹400
final issue price
Issue size
Lot size
37 sh
₹14,800 a lot
Listed on
1 Jul 2025
NSE
Now trading as ELLEN — see its filed financials and price history →
Notes

Ellenbarrie Industrial Gases Limited was a mainboard initial public offer.

The book was open from 24 June 2025 to 26 June 2025.

The issue was priced at ₹400 a share, from a band of ₹380 to ₹400.

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

The shares listed on 1 July 2025.

The last official close on file is ₹373 (21 September 2026), which is 6.6% below the issue price.

It now trades as ELLEN, and its filed financials are on its company page.

How it has done since listing
NSE close · 21 Sept 2026
Issue price
₹400
final issue price
Listing-day move
Now vs issue price
-6.6%
21 Sept 2026
Since first close

Shares sold in the issue at ₹400 last closed at ₹373.45.

See ELLEN’s filed financials and price history →

Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.

The offer
Issue price
₹400
face value ₹2
Lot size
37 sh
₹14,800 a lot
Registrar
KFin Technologies Limited
Lead managers
  • Motilal Oswal Investment Advisors Limited
  • IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and JM Financial Limited
What happens when
3-day book
  1. Bidding opens24 Jun 2025
  2. Bidding closes26 Jun 2025
  3. Basis of allotmentnot published

    Not published in the exchange feeds we ingest — we do not estimate it.

  4. Listing1 Jul 2025
Subscription

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

Demand at each price

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

Anchor investors

We have not extracted an anchor allotment list for this issue.

When locked shares come free
computed from ICDR rules
  • Anchor investors — first tranche
    SEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment
    31 Jul 2025
    50% of this tranche
  • Anchor investors — second tranche
    SEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment
    29 Sept 2025
    50% of this tranche
  • All other pre-issue capital
    SEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment
    1 Jan 2026
    already free
  • Promoters' minimum contribution
    SEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment
    1 Jan 2027
    whole tranche releases on this date

Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.

How the price was set
as printed in the prospectus

Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.

Asking, at the top of the band
62.9x
diluted earnings · 59.8x at the floor
The issuer's chosen peers
140.7x
average of a 140.7x – 140.7x range
Earnings the price leans on
₹4.69
diluted, per share
Earnings per share, by year
YearBasicDilutedWeight
FY2023₹2.15₹2.151
FY2024₹3.46₹3.462
FY2025₹6.36₹6.363

Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.

Restated financials

Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.

Objects of the offer

We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.

Who the issuer compares itself to
as printed in the offer document

The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.

CompanyP/ERoNW
Linde India Consolidated Limitednot in our universe140.711.9%
The issuer’s own figures, as it printed them
EPS
₹6.36
NAV per share
₹25.48
Return on net worth
24.97%

The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.

Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.

Who ran this issue, and what else they have run
past issues only
Lead managers
FirmIssuesTypical listing move
IIFL Capital Services Limited and JM Financial Limited
20252025
1
0 measurable
Motilal Oswal Investment Advisors Limited
20222026
40
8 measurable
+22.8%
Registrar
FirmIssuesTypical listing move
Kfin Technologies Limited
20212026
126
30 measurable
+7.9%

A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.

Read the offer documents
3 filed

Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.

Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.