Cryogenic OGS IPO
Open SmeCurrent GMP
₹38 (+80.85%)
Price Band
₹ 44 – 47
Lot Size
3000
Issue Size
₹17.77 Cr
Minimum Investment
₹282000 (6000 Shares)
Listing Date
10 July 2025
Subscription
695.02x
About the Company
Founded in September 1997 and headquartered in Vadodara, Gujarat, Cryogenic OGS Limited is a specialized engineering company providing advanced measurement, filtration, and dosing solutions for the oil, gas, chemical, and fluid process industries. The company operates from an ISO-certified 8,300 sq. meter facility, offering comprehensive design, engineering, fabrication, assembly, and testing services.
With a strong emphasis on customized and technology-driven solutions, Cryogenic OGS leverages in-house engineering expertise and software tools like AutoCAD ELD to deliver highly precise and reliable systems tailored to client requirements.
Product Portfolio
- Basket Strainers: Designed to remove solid contaminants from pipelines, ensuring protection of downstream equipment like pumps and valves.
- Air Eliminators: Remove air and entrained gases to maintain system accuracy and efficiency.
- Prover Tanks: Used to calibrate flow meters, ensuring precise measurement and compliance in metering systems.
- Additive Dosing Skids: Fully automated systems for the accurate and continuous dosing of additives into product lines.
- Truck/Tank Wagon Loading Skids (Liquid & Gas): Turnkey skids for metering, control, and filtration during bulk fluid transfer operations.
Business Highlights
Cryogenic OGS holds fabrication certifications from DNV, affirming its adherence to international quality standards. As of March 31, 2024, the company has a workforce of 23 permanent employees and an active domestic bid pipeline exceeding INR 28.37 crore, with 9 international bids totaling INR 26.76 crore currently in process.
Global Expansion
To strengthen its global footprint, Cryogenic OGS has formed a strategic partnership with KMC Oil and Gas Equipment LLC in Abu Dhabi, targeting the Gulf Cooperation Council (GCC) markets with a focus on high-quality engineered systems.
Key Strengths
- Proprietary product technologies and engineered customization
- Experienced leadership and skilled technical workforce
- Consistent delivery of quality and performance
- Strong supplier network and enduring customer relationships
- Niche expertise and stable market presence
With over two decades of specialized experience and a growing global outlook, Cryogenic OGS continues to build on its legacy of engineering excellence in fluid management systems.
Promoters
- Mr. Nilesh Natvarlal Patel
- Mrs. Kiranben Nileshbhai Patel
- Mr. Dhairya Patel
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.53%
Objects of the Issue
The Company Cryogenic OGS IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- To Meet Working Capital Requirements
- General Corporate Purposes
- Public Issue Expenses
Address / Contact Info
Cryogenic OGS Limited
60, 61, 62, 63 POR Industrial Park
Behind Sahyog Hotel,
POR Vadodara, Gujarat, 391243
Phone: +91 98988 6713
Email: cs@cryogenicogs.com
Website: https://www.cryogenicogs.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 03 July 2025
IPO Close Date
Monday, 07 July 2025
Basis of Allotment
Tuesday, 08 July 2025
Initiation of Refunds
Wednesday, 09 July 2025
Credit of Shares to Demat
Wednesday, 09 July 2025
Listing Date
Thursday, 10 July 2025 — NSE & BSE
Important Dates
Open Date
03 July 2025
Close Date
07 July 2025
Basis Of Allotment
08 July 2025
Listing Date
10 July 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 33.85 | 28.35 | 24 |
| Revenue | 33.79 | 25.67 | 22.71 |
| Profit After Tax | 6.12 | 5.35 | 4.08 |
| Net Worth | 28.99 | 22.86 | 17.52 |
| Reserve & Surplus | 18.49 | 22.4 | 17.02 |
| Total Borrowings | 0 | 0 | 0 |
EPS Pre
5.83%
EPS Post
4.29%
P/E Pre
8.06
P/E (Post Issue)
10.96x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon, Mar 31, 2025. |
|---|---|
| ROE % | 23.62 |
| ROCE % | 28.93 |
| Debt / Equity | 0 |
| RoNW % | 21.12 |
| PbW | 0 |
| Pat Margin % | 24.2 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 717000 | 28.49 | 0 |
| Non-Institutional | 540000 | 21.45 | 0 |
| Retail Investors | 1260000 | 50.06 | 0 |
| Total | 2517000 | 100 | 0 |
Subscription Status ( Mon, 07 Jul 25 01:53 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 717000 | 150279000 | 209.59x |
| Non-Institutional | 540000 | 624096000 | 1155.73x |
| Retail Investors | 1260000 | 974982000 | 773.8x |
| Total | 2517000 | 1749357000 | 695.02x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 6,000 | 282,000.00 |
| Retail (Max) | 2 | 6,000 | 282,000.00 |
| S-HNI (Min) | 3 | 9,000 | 423,000.00 |
| S-HNI (Max) | 7 | 21,000 | 987,000.00 |
| B-HNI (Min) | 8 | 24,000 | 1,128,000.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Beeline Capital Advisors Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Cryogenic OGS IPO is a Book-building IPO worth ₹17.77 crores. The price band is ₹44 to 47 per share. The IPO opens on Thu, Jul 3, 2025 and closes on Mon, Jul 7, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Cryogenic OGS IPO opens on Thu, Jul 3, 2025 and closes on Mon, Jul 7, 2025
Cryogenic OGS IPO Price Band is ₹44 to 47.
Cryogenic OGS IPO lot size is 3000, and the minimum amount required for application is ₹282000.
The minimum investment for Cryogenic OGS IPO is approximately ₹282000 based on the upper price band.
To apply for the Cryogenic OGS IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Jul 7, 2025. After submission, funds are blocked until the basis of allotment of Cryogenic OGS IPO is finalised.
Cryogenic OGS IPO issue size is ₹17.77 crores.
Cryogenic OGS IPO allotment date is Sat, Jun 27, 2026.
The registrar for Cryogenic OGS IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Cryogenic OGS IPO through their official website or helpline.
The Cryogenic OGS IPO GMP (Grey Market Premium) is ₹38 as of Thu, Jul 10, 2025. Based on the upper price band of ₹47 per share, the estimated Cryogenic OGS IPO listing price is ₹85, indicating a potential listing gain of approximately 31% over the issue price.