Ellenbarrie Industrial Gases Sees Strong IPO Performance Amid Declining Investor Participation

Ellenbarrie Industrial Gases has shown significant activity on July 10, 2025, following its recent IPO on June 26, 2025. The stock has appreciated by 51.31% from its issue price and is currently trading just 4.08% below its 52-week high of Rs 632.15. Today, it outperformed its sector by 2.02%, with an intraday high of Rs 625.85, reflecting a 5.13% increase.
Despite this positive performance, there has been a notable decline in investor participation, with delivery volume dropping by 45.49% compared to the five-day average. However, the stock remains liquid, with a trading capacity of Rs 4.45 crore based on 2% of the five-day average traded value.

In terms of quality, Ellenbarrie Industrial Gases is categorized as not applicable, while its peer, Refex Industries, is rated average. When comparing valuation metrics, Ellenbarrie is considered very expensive with a price-to-earnings ratio of 100.731 and an EV/EBITDA of 77.6945, contrasting with Refex Industries, which has a PE of 36.88 and an EV/EBITDA of 27.6500. These metrics highlight the stock's positioning within the mid-cap segment of the Other Chemical Products industry.