Massive Debut: Ellenbarrie Industrial Gases Shares Rally 33.5%, Hit Upper Circuit on BSE, NSE

Ellenbarrie Industrial Gases made a blockbuster debut on the stock market today, July 1. The stock listed with a significant premium over its IPO price, giving strong listing gains to its investors.

Ellenbarrie Share Price Today

Ellenbarrie's share price opened at Rs. 492 on the BSE, with a 23% premium over its issue price of Rs. 400. While on the National Stock Exchange, the stock listed at Rs. 486, up 21.5% from the IPO price.

As of 11:20 AM, Ellenbarrie Industrial Gases shares were trading at Rs. 534.60, up 33.6% from the IPO price.

Shortly after listing, Ellenbarrie shares hit the upper circuit at Rs 534.6 on the NSE, marking a nearly 10% intraday gain post-listing.
Ellenbarrie IPO GMP vs Actual Listing Premium

The grey market premium (GMP) for the Ellenbarrie IPO was around Rs 57, indicating a possible listing around Rs 457. However, the stock exceeded GMP predictions by a wide margin. The actual listing premium of over 21% on NSE and 23% on BSE surpassed market expectations, boosting confidence in the IPO market.

IPO Subscription Details: Subscribed Over 22 Times

The Rs. 852-crore Ellenbarrie Industrial Gases IPO saw an overwhelming response from investors, indicating strong market confidence in the company's fundamentals and future prospects. According to data available on the National Stock Exchange (NSE), the public issue was subscribed to 22.2 times overall, reflecting high demand across all investor categories.
The Non-Institutional Investor (NII) segment was particularly enthusiastic, with the portion being subscribed over 15 times. Meanwhile, the Retail Individual Investor (RII) category saw a healthy subscription more than twice. In total, the IPO attracted bids for 33.52 crore shares against the 1.51 crore shares on offer.

On June 23, a day before the IPO opened for subscription, Ellenbarrie raised ₹255.8 crore from anchor investors.

IPO Structure

The Ellenbarrie Industrial Gases IPO comprised a combination of a fresh issue and an offer for sale (OFS). The company aimed to raise Rs. 400 crore through fresh issuance of equity shares, while existing shareholders offered 1.13 crore shares worth Rs. 452.53 crore under the OFS route. The IPO was priced in a band of Rs. 380 to Rs. 400 per share, and the minimum lot size for retail investors was set at 37 shares. The funds raised from the fresh issue are intended to support the company's expansion plans and strengthen its working capital base.

About Ellenbarrie Industrial Gases

Based in Kolkata, Ellenbarrie Industrial Gases is a leading Indian manufacturer of industrial gases, medical gases, and speciality gases. The company serves a wide range of sectors, including healthcare, manufacturing, and infrastructure.
The Ellenbarrie IPO listing has turned out to be one of the most successful IPOs of 2025 so far. With a listing gain of over 20%, high trading volumes, and strong investor interest, Ellenbarrie has made a mark on Dalal Street.

Investors looking for high-growth IPOs and strong listing performance will definitely want to keep Ellenbarrie on their radar going forward.