Ellenbarrie IPO Proceeds Utilized: Monitoring Report for Q4 FY26
Ellenbarrie Industrial Gases Limited's IPO proceeds utilization for the quarter ended March 31, 2026, is detailed in the Monitoring Agency Report. The IPO raised ₹852.52 crore. ₹210 crore was used for debt repayment. ₹567.45 crore was utilized for the air separation unit, and ₹383.50 crore for General Corporate Purposes. Remaining proceeds are invested in fixed deposits.
This is a routine regulatory filing regarding the utilization of IPO proceeds. It does not introduce new information that would significantly affect investor decisions or the company's valuation.
The report is a routine submission detailing the utilization of IPO proceeds and does not contain any new financial performance indicators or significant strategic developments that would positively or negatively impact the company's outlook.
Ellenbarrie Industrial Gases Limited has submitted its Monitoring Agency Report for the quarter ended March 31, 2026, as per SEBI regulations. The report, issued by CRISIL Ratings Limited, details the utilization of gross proceeds from the company's Initial Public Offer (IPO).
The IPO, which occurred from June 24 to June 26, 2025, raised ₹852.52 crore (Rs 8,525.25 million). This comprised a fresh issue of ₹400 crore (Rs 4,000.00 million) and an Offer for Sale (OFS) of ₹452.52 crore (Rs 4,525.25 million). The net proceeds after deducting issue expenses of ₹26.86 crore (Rs 268.64 million) amounted to ₹373.14 crore (Rs 3,731.36 million).
Key utilization objectives included repayment of borrowings (₹210 crore or Rs 2,100.00 million), setting up an air separation unit at Uluberia-II plant (₹104.50 crore or Rs 1,045.00 million), and General Corporate Purposes (GCP). During the quarter ended March 31, 2026, ₹210 crore was fully utilized for debt repayment. The air separation unit saw utilization of ₹120.61 crore during the quarter, bringing the total utilized to ₹567.45 crore, with ₹477.55 crore remaining unutilized. GCP utilization for the quarter was ₹140.29 crore, with ₹202.86 crore remaining unutilized. Total utilization of IPO proceeds stood at ₹290.47 crore during the quarter, bringing the cumulative utilization to ₹331.88 crore, with ₹681.21 crore unutilized.
A surplus of ₹26.85 million from offer-related expenses was added to GCP, increasing its allocation. The air separation unit project commenced operations in February 2026, with a slight delay attributed to civil work. The utilization of funds for GCP included general corporate contingencies, brand building, and growth opportunities, which were ratified by the Board on May 14, 2026. The remaining unutilized proceeds are invested in fixed deposits.
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Ellenbarrie Industrial Gases Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Ellenbarrie Industrial Gases Limited. Read the original for the full detail.