Cryogenic OGS IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 03 Jul 2025
Close Date
Mon, 07 Jul 2025
Price Band
₹ 44 – 47
Lot Size
3000
Issue Size
₹ 17.77 Cr
Minimum Investment
₹ 282,000 (6000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Cryogenic OGS IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹17.77 Crore, comprising a fresh issue of 37.80 Lakh equity shares aggregating to ₹17.77 Crore.
The Cryogenic OGS IPO remained open for subscription from July 03, 2025, to July 07, 2025. The basis of allotment was finalized on July 08, 2025, and the company's shares were listed on BSE SME Platform on July 10, 2025.
The company had fixed the price band at ₹44 to ₹47 per share, with a lot size of 3000 shares. Retail investors were required to make a minimum investment of ₹282,000 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Beeline Capital Advisors Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Cryogenic OGS Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Cryogenic OGS IPO Timeline (Tentative)
- IPO Open Date
- Thu, 03 Jul 25
- IPO Close Date
- Mon, 07 Jul 25
- Basis of Allotment
- Tue, 08 Jul 25
- Initiation of Refunds
- Wed, 09 Jul 25
- Credit of Shares to Demat
- Wed, 09 Jul 25
- Listing Date
- Thu, 10 Jul 25 — NSE & BSE
Open Date
03 July 2025
Close Date
07 July 2025
Basis Of Allotment
08 July 2025
Listing Date
10 July 2025
IPO Subscription
Check Live Subscription →The Cryogenic OGS IPO has received bids for 1,74,93,57,000 shares against 25,17,000 shares offered, resulting in an overall subscription of 695.02x. the NII category is subscribed 1,155.73x, Retail Investors 773.8x, and QIBs 209.59x.
QIB
209.59x
NII
1155.73x
RII
773.8x
Total
695.02x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 12,60,000 shares, representing 50.06% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 7,17,000 shares (28.49%), while Non-Institutional Investors (NIIs) receive 5,40,000 shares (21.45%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 717,000 | 28.49% |
| Non-Institutional | 540,000 | 21.45% |
| Retail Investors | 1,260,000 | 50.06% |
| Total | 2,517,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Cryogenic OGS Limited KPI Information
| Particular | KPI as of Mon, Mar 31, 2025. |
|---|---|
| ROE % | 23.62 |
| ROCE % | 28.93 |
| RoNW % | 21.12 |
| Pat Margin % | 24.2 |
Peers Comparison
No Peer Comparision Available
About Cryogenic OGS Limited
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.
Cryogenic OGS IPO Promoters
- Mr. Nilesh Natvarlal Patel
- Mrs. Kiranben Nileshbhai Patel
- Mr. Dhairya Patel
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.53%
Cryogenic OGS IPO Objective
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
Cryogenic OGS Limited Address / Contact Details
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
Cryogenic OGS IPO Lot Size
The Cryogenic OGS IPO has a lot size of 3,000 shares. Retail investors require a minimum investment of ₹2,82,000 by applying for 2 lot (6,000 shares). The maximum application allowed for the retail category is 2 lots (6,000 shares), requiring an investment of ₹2,82,000.
| 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 |
Issue Reservation
- QIB — 28.49%
- NII — 21.45%
- RII — 50.06%
Book Running Lead Managers
- Beeline Capital Advisors Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Cryogenic OGS IPO?
Cryogenic OGS IPO is a Book-building IPO with a total issue size of ₹17.77 crore. The Cryogenic OGS IPO price band is ₹44 to 47 per share. The Cryogenic OGS IPO subscription opens on Thu, Jul 3, 2025, and closes on Mon, Jul 7, 2025. The Cryogenic OGS IPO will be listed on the BSE. MUFG Intime India Private Limited is the registrar for the Cryogenic OGS IPO.
When will the Cryogenic OGS IPO open for subscription?
The Cryogenic OGS IPO opens on Thu, Jul 3, 2025 and closes on Mon, Jul 7, 2025
What is Cryogenic OGS IPO Price Band?
Cryogenic OGS IPO Price Band is ₹44 to 47 per share.
What is Cryogenic OGS IPO Lot Size?
Cryogenic OGS IPO lot size is 3000 shares, Retail investors need a minimum investment of ₹282000 based on the upper price band
What is the minimum investment for Cryogenic OGS IPO?
The minimum investment for Cryogenic OGS IPO is ₹282000, based on one lot of 3000 shares at the upper price band of ₹47 per share.
How to apply for Cryogenic OGS IPO?
Investors can apply for the Cryogenic OGS IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Jul 7, 2025. The application amount remains blocked until the Cryogenic OGS IPO allotment is finalized.
What is Cryogenic OGS IPO Issue Size?
Cryogenic OGS IPO issue size is ₹17.77 crores.
What is the Cryogenic OGS IPO Allotment Date?
Cryogenic OGS IPO allotment date is Tue, Jul 8, 2025.
Who is the Cryogenic OGS IPO Registrar?
The registrar for Cryogenic OGS IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Cryogenic OGS IPO allotment status, refund processing, and other IPO-related information.
What is the Cryogenic OGS IPO GMP?
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 80.85% over the issue price.
Who is the Cryogenic OGS IPO Lead Manager?
The book-running lead managers (BRLMs) for the Cryogenic OGS IPO are Beeline Capital Advisors Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Cryogenic OGS IPO Red Herring Prospectus (RHP).