Ellenbarrie Industrial Gases Limited (EIGL) is an Indian company specialising in the production and supply of industrial, medical, and speciality gases. The company provides essential gases such as oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon, and nitrous oxide. It also offers dry ice, synthetic air, fire-fighting gases, medical oxygen, liquefied petroleum gas (LPG), welding mixtures, and specialty gases, serving a wide range of industries.

The Company offers project engineering services, leveraging technical expertise to design, install, and commission tonnage air separation units (ASUs) on a turnkey basis. The company also provides medical gas pipeline solutions, assisting healthcare facilities with installing, operating, and maintaining their systems. Additionally, EIGL supplies medical equipment such as anesthesia workstations, ventilators, spirometers, sterilizers, bedside monitors, and lung diffusion testing machines.

It serves various customers, classified into three categories: i) Bulk Customers – Supplied with liquefied gases through cryogenic tankers. Ii) Package Customers – Receive compressed gases in cylinders. Iii) Onsite Customers – Provided with onsite gas supply and operations & maintenance services.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

• Leading Manufacturer of Industrial Gases, Well Positioned to Capitalise on Industry Tailwinds
• Comprehensive Product Portfolio, Catering to Diverse End-use Industries
• Long-standing Customer Relationships Leading to Stable Cashflows
• Diversified Customer Base, Minimizing Concentration Risks
• Expansive operational and distribution capabilities across East and South India
• Experienced Promoters and Management Team, Supported by a Committed Employee Base

• Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
• Setting up of an air separation unit at the Uluberia-II plant with a capacity of 220 TPD.
• General corporate purposes.

At the upper band of IPO Rs. 400, the stock is valued at 62.89 times. Hence, Well-informed investors subscribe for long term.