Ellenbarrie Industrial Gases IPO Fully Subscribed: Issue Sees Strong QIB and NII Demand on Final Day
By Ankur Chandra | Published at: Jun 26, 2025 06:01 PM IST
Kolkata, June 26, 2025 — The IPO of Ellenbarrie Industrial Gases Limited received a stellar response on the final day of bidding, with the issue being oversubscribed by 22.19 times. A sharp surge in demand from Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs) lifted the subscription volumes significantly on June 26.
Final Subscription Status (As of 5:06 PM, June 26)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutional Buyers | 41,89,260 | 26,90,79,281 | 64.23 |
| Non-Institutional Investors | 32,75,917 | 4,98,11,398 | 15.21 |
| Retail Individual Investors | 76,43,806 | 1,63,90,075 | 2.14 |
| Total | 1,51,08,983 | 33,52,80,754 | 22.19 |
QIB Segment Drives the Surge
The QIB portion saw overwhelming demand, subscribed 64.23 times, with bids coming from:
- FIIs: 9.56 crore shares
- Domestic Institutions: 7.68 crore shares
- Mutual Funds: 3.61 crore shares
- Others: 6.04 crore shares
This clearly indicates strong institutional interest in the company’s fundamentals and future prospects.
NII and Retail Participation
- The NII segment was subscribed 15.21 times, led by high net-worth individuals:
- Bids over ₹10 lakh: 17.00x
- Bids between ₹2–10 lakh: 11.62x
- Retail investors bid aggressively as well, pushing their portion to 2.14 times subscription, with over 1.32 crore shares bid at the cut-off price.
IPO Snapshot
| Detail | Information |
|---|---|
| Issue Size | 1,51,08,983 shares |
| Price Band | ₹380 – ₹400 |
| Total Bids Received | Over 33.5 crore shares |
| Issue Closes | June 26, 2025 |
| Lead Managers | Motilal Oswal, IIFL, JMFL |
| Listing Exchange | NSE, BSE |
| Listing Date | [To be announced] |
What’s Next?
With overwhelming QIB backing and strong demand from all investor segments, attention now shifts to basis of allotment, expected in the coming days, followed by listing on NSE and BSE. Market observers anticipate a robust listing given the aggressive oversubscription and institutional participation.
The listing date and allotment details will be closely watched as Ellenbarrie gears up to enter the secondary market with momentum.
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