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Cryogenic OGS IPO vs Ikeda IPO

Comparison between Cryogenic OGS IPO and Ikeda IPO.

IPO Details

Cryogenic OGS IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Ikeda IPO is a SME Bookbuilding proposed to list at BSE SME.

 Cryogenic OGS IPOIkeda IPO
LogoCryogenic OGS IPO LogoIkeda IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Fast Track Finsec Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

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

 Cryogenic OGS IPOIkeda 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 Size35,91,000 shares26,28,000 shares
Fresh Issue Size (Amount)up to ₹16.88 Crup to ₹0.00 Cr
OFS Issue Size0 shares10,65,600 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total35,91,000 shares36,93,600 shares
Issue Size Total (Amount)up to ₹16.88 Crup to ₹0.00 Cr

IPO Timetable

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

 Cryogenic OGS IPOIkeda 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

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

 Cryogenic OGS IPOIkeda IPO
Financials

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

Ikeda Limited Financial Information (Restated Consolidated)

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets27.9824.566.973.45
Total Income41.2350.3925.13104.08
Profit After Tax3.192.980.320.22
Net Worth17.7914.62.560.81
Reserves and Surplus6.411.750.570.36
Total Borrowing0.743.353.170.07
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10054.83
Promoter Shareholding (Post-Issue)73.52
P/E Ratio8.06
Market Cap₹67.12 Cr.
ROE23.62%34.78%
ROCE28.93%27%
Debt/Equity0.23
EPS₹5.83
RoNW21.12%31.44%

Shares Offered

In the Cryogenic OGS IPO Retail Individual Investors (RII) are offered 12,60,000 shares while in Ikeda IPO retail investors are offered 12,60,000 shares. Qualified Institutional Buyers (QIB) are offered 7,17,000 shares in Cryogenic OGS IPO and in Ikeda IPO.

 Cryogenic OGS IPOIkeda 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)

Cryogenic OGS IPO subscribed 694.90x in total, whereas Ikeda IPO subscribed .

 Cryogenic OGS IPOIkeda 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