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Cryogenic OGS IPO vs Vashishtha Luxury Fashion IPO

Comparison between Cryogenic OGS IPO and Vashishtha Luxury Fashion IPO.

IPO Details

Cryogenic OGS IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Vashishtha Luxury Fashion IPO is a SME Bookbuilding proposed to list at BSE SME.

 Cryogenic OGS IPOVashishtha Luxury Fashion IPO
LogoCryogenic OGS IPO LogoVashishtha Luxury Fashion IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Nirman Share Brokers Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO 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 Vashishtha Luxury Fashion IPO is up to ₹8.42 Cr. The final issue price of Cryogenic OGS IPO is ₹47.00 per share and of Vashishtha Luxury Fashion IPO is ₹111.00 per share.

 Cryogenic OGS IPOVashishtha Luxury Fashion IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹44.00 per share₹109.00 per share
Issue Price (Upper)₹47.00 per share₹111.00 per share
Issue Price (Final)₹47.00 per share₹111.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size3000 shares1200 shares
Fresh Issue Size35,91,000 shares7,58,400 shares
Fresh Issue Size (Amount)up to ₹16.88 Crup to ₹8.42 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total35,91,000 shares7,58,400 shares
Issue Size Total (Amount)up to ₹16.88 Crup to ₹8.42 Cr

IPO Timetable

Cryogenic OGS IPO opens on Jul 03, 2025, while Vashishtha Luxury Fashion IPO opens on Sep 05, 2025. The closing date of Cryogenic OGS IPO and Vashishtha Luxury Fashion IPO is Jul 07, 2025, and Sep 10, 2025, respectively.

 Cryogenic OGS IPOVashishtha Luxury Fashion IPO
Anchor Bid DateJul 02, 2025Sep 04, 2025
Issue OpenJul 03, 2025Sep 05, 2025
Issue CloseJul 07, 2025Sep 10, 2025
Basis Of Allotment (Tentative)Jul 08, 2025Sep 11, 2025
Initiation of Refunds (Tentative)Jul 09, 2025Sep 12, 2025
Credit of Share (Tentative)Jul 09, 2025Sep 12, 2025
Listing date (Tentative)Jul 10, 2025Sep 15, 2025
Anchor Lockin End date 1Aug 06, 2025Oct 11, 2025
Anchor Lockin End date 2Oct 05, 2025Dec 10, 2025

Financials & KPIs

Cryogenic OGS IPO P/E ratio is 8.06, as compared to Vashishtha Luxury Fashion IPO P/E ratio of 12.14.

 Cryogenic OGS IPOVashishtha Luxury Fashion 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
EBITDA
Promoter Shareholding (Pre-Issue)100100.00
Promoter Shareholding (Post-Issue)73.5266.08
P/E Ratio8.0612.14
Market Cap₹67.12 Cr.₹26.16 Cr.
ROE23.62%28.28%
ROCE28.93%31.43%
Debt/Equity0.34
EPS₹5.83₹9.14
RoNW21.12%64.49%

Shares Offered

In the Cryogenic OGS IPO Retail Individual Investors (RII) are offered 12,60,000 shares while in Vashishtha Luxury Fashion IPO retail investors are offered 12,60,000 shares. Qualified Institutional Buyers (QIB) are offered 7,17,000 shares in Cryogenic OGS IPO and 75,600 shares in Vashishtha Luxury Fashion IPO.

 Cryogenic OGS IPOVashishtha Luxury Fashion IPO
Anchor Investor Reserveration10,74,000 shares0 shares
Market Maker Reserveration1,89,000 shares40,800 shares
QIB7,17,000 shares75,600 shares
NII5,40,000 shares2,65,200 shares
RII12,60,000 shares4,17,600 shares
Employee0 shares
Others
Total35,91,000 shares7,58,400 shares

Bids Received (Subscription)

Cryogenic OGS IPO subscribed 694.90x in total, whereas Vashishtha Luxury Fashion IPO subscribed 2.18x.

 Cryogenic OGS IPOVashishtha Luxury Fashion IPO
QIB (times)209.59x1.27x
NII (times)1,155.38x2.47x
Big NII (times)2.63x
Small NII (times)2.16x
RII (times)773.70x2.16x
Employee (times)
Other (times)
Total (times)694.90x2.18x