Ellenbarrie Industrial Gases Sees Strong IPO Performance Amid Declining Investor Participation

Ellenbarrie Industrial Gases has shown significant activity on July 8, 2025, following its recent IPO on June 26, 2025. The stock has appreciated by 41.25% from its issue price and is currently trading just 2.14% below its 52-week high of Rs 586.95. Today, it outperformed its sector by 0.31%, marking a consecutive gain over the last two days with a total return of 2.24% during this period. The stock reached an intraday high of Rs 580, reflecting a 2.18% increase.
Despite this positive performance, there has been a notable decline in investor participation, with delivery volume dropping by 67.4% compared to the five-day average. However, the stock remains liquid, with a trading capacity of Rs 9.05 crore based on 2% of the five-day average traded value.

In terms of quality, Ellenbarrie Industrial Gases is positioned as "na," while its peer, Refex Industries, is rated as average. Valuation metrics indicate that Ellenbarrie is considered very expensive, with a price-to-earnings ratio of 96.044 and an EV/EBITDA of 74.1368, compared to Refex Industries, which also holds a very expensive valuation but with significantly lower metrics.