Ellenbarrie Industrial Gases Shows Strong IPO Performance Amid Declining Investor Participation

Ellenbarrie Industrial Gases has shown significant activity on July 16, 2025, with a notable performance that outpaced its sector by 2.01%. The stock, which recently closed its IPO on June 26, 2025, has seen a remarkable 42.25% increase from its issue price and a 15.65% rise from its listing price. After three consecutive days of decline, the stock experienced a trend reversal, gaining 1.83% today and reaching an intraday high of Rs 571.7, reflecting a 2.31% increase.
Despite this positive movement, investor participation has declined, with delivery volume dropping by 49.21% compared to the five-day average. However, the stock remains liquid enough for trades up to Rs 2.71 crore, based on 2% of the five-day average traded value.

In terms of quality, Ellenbarrie Industrial Gases is currently not rated, while its peer, Refex Industries, is considered average. When comparing valuation metrics, Ellenbarrie is categorized as very expensive, with a price-to-earnings ratio of 94.55 and an EV/EBITDA of 73.01, significantly higher than Refex Industries, which has a PE of 36.78 and an EV/EBITDA of 27.57. These metrics highlight the company's positioning within the industry and its relative valuation compared to peers.