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Asha Resins IPO vs Cryogenic OGS IPO

Comparison between Asha Resins IPO and Cryogenic OGS IPO.

IPO Details

Asha Resins IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Cryogenic OGS IPO is a SME Bookbuilding proposed to list at BSE SME.

 Asha Resins IPOCryogenic OGS IPO
LogoAsha Resins IPO LogoCryogenic OGS IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersHem Securities Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.MUFG Intime India Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

The total issue size of Asha Resins IPO is up to ₹0.00 Cr whereas the issue size of the Cryogenic OGS IPO is up to ₹16.88 Cr. The final issue price of Asha Resins IPO is and of Cryogenic OGS IPO is ₹47.00 per share.

 Asha Resins IPOCryogenic OGS IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹44.00 per share
Issue Price (Upper)₹47.00 per share
Issue Price (Final)₹47.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size3000 shares
Fresh Issue Size32,88,000 shares35,91,000 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹16.88 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total32,88,000 shares35,91,000 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹16.88 Cr

IPO Timetable

Asha Resins IPO opens on , while Cryogenic OGS IPO opens on Jul 03, 2025. The closing date of Asha Resins IPO and Cryogenic OGS IPO is , and Jul 07, 2025, respectively.

 Asha Resins IPOCryogenic OGS IPO
Anchor Bid DateJul 02, 2025
Issue OpenJul 03, 2025
Issue CloseJul 07, 2025
Basis Of Allotment (Tentative)Jul 08, 2025
Initiation of Refunds (Tentative)Jul 09, 2025
Credit of Share (Tentative)Jul 09, 2025
Listing date (Tentative)Jul 10, 2025
Anchor Lockin End date 1Aug 06, 2025
Anchor Lockin End date 2Oct 05, 2025

Financials & KPIs

Asha Resins IPO P/E ratio is , as compared to Cryogenic OGS IPO P/E ratio of 8.06.

 Asha Resins IPOCryogenic OGS IPO
Financials

Asha Resins Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets18.3214.0113.27
Total Income1719.3616.29
Profit After Tax3.732.141.78
Net Worth14.1610.438.29
Reserves and Surplus14.0110.288.14
Total Borrowing0.06
Amount in ₹ Crore

Cryogenic OGS Limited Financial Information (Restated)

Cryogenic OGS Limited's revenue increased by 32% and profit after tax (PAT) rose by 15% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets33.8528.3524.00
Total Income33.7925.6722.71
Profit After Tax6.125.354.08
EBITDA7.966.395.65
Net Worth28.9922.8617.52
Reserves and Surplus18.4922.4017.02
Total Borrowing0.000.000.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.99100
Promoter Shareholding (Post-Issue)73.52
P/E Ratio8.06
Market Cap₹67.12 Cr.
ROE22.90%23.62%
ROCE27.17%28.93%
Debt/Equity
EPS₹5.83
RoNW26.34%21.12%

Shares Offered

In the Asha Resins IPO Retail Individual Investors (RII) are offered while in Cryogenic OGS IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in Asha Resins IPO and 7,17,000 shares in Cryogenic OGS IPO.

 Asha Resins IPOCryogenic OGS IPO
Anchor Investor Reserveration10,74,000 shares
Market Maker Reserveration1,89,000 shares
QIB7,17,000 shares
NII5,40,000 shares
RII12,60,000 shares
Employee
Others
Total35,91,000 shares

Bids Received (Subscription)

Asha Resins IPO subscribed in total, whereas Cryogenic OGS IPO subscribed 694.90x.

 Asha Resins IPOCryogenic OGS IPO
QIB (times)209.59x
NII (times)1,155.38x
Big NII (times)
Small NII (times)
RII (times)773.70x
Employee (times)
Other (times)
Total (times)694.90x