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Cryogenic OGS IPO is a book build issue of ₹17.77 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹17.77 crore.
Cryogenic OGS IPO bidding started from Jul 3, 2025 and ended on Jul 7, 2025. The allotment for Cryogenic OGS IPO was finalized on Jul 8, 2025. The shares got listed on BSE SME on Jul 10, 2025.
Cryogenic OGS IPO price band is set at ₹47.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹2,64,000.00 (6,000 shares). The minimum lot size investment for HNI is 3 lots (9,000 shares), amounting to ₹4,23,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Spread X Securities Pvt.Ltd..
Refer to Cryogenic OGS IPO RHP for detailed Information.
| IPO Date | July 3, 2025 to July 7, 2025 |
| Listing Date | July 10, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹44 to ₹47 per share |
| Issue Price Final | ₹47 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,80,000 shares (aggregating up to ₹17.77 Cr) |
| Reserved for Market Maker | 1,89,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹0.8883 Cr) |
| Net Offered to Public | 35,91,000 shares (aggregating up to ₹16.88 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,05,00,000 shares |
| Share Holding Post Issue | 1,42,80,000 shares |
Cryogenic OGS IPO offers total 37,80,000 shares. Out of which 17,91,000 (47.38%) allocated to QIB, 7,17,000 (18.97%) allocated to QIB (Ex- Anchor), 5,40,000 (14.29%) allocated to NII, 12,60,000 (33.33%) allocated to RII and 10,74,000 (28.41%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,89,000 (5.00%) |
| QIB Shares Offered | 17,91,000 (47.38%) |
| − Anchor Investor Shares Offered | 10,74,000 (28.41%) |
| − QIB (Ex. Anchor) Shares Offered | 7,17,000 (18.97%) |
| NII (HNI) Shares Offered | 5,40,000 (14.29%) |
| − bNII > ₹10L | 3,60,000 (9.52%) |
| − sNII < ₹10L | 1,80,000 (4.76%) |
| Retail Shares Offered | 12,60,000 (33.33%) |
| Total Shares Offered | 37,80,000 (100.00%) |
Cryogenic OGS IPO raises ₹5.05 crore from anchor investors. Cryogenic OGS IPO Anchor bid date is July 2, 2025. Cryogenic OGS IPO Anchor Investors list
| Bid Date | July 2, 2025 |
| Shares Offered | 10,74,000 |
| Anchor Portion Size (In Cr.) | 5.05 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 6, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 5, 2025 |
Cryogenic OGS IPO opens on July 3, 2025, and closes on July 7, 2025.
| IPO Open Date | Thu, Jul 3, 2025 |
| IPO Close Date | Mon, Jul 7, 2025 |
| Tentative Allotment | Tue, Jul 8, 2025 |
| Initiation of Refunds | Wed, Jul 9, 2025 |
| Credit of Shares to Demat | Wed, Jul 9, 2025 |
| Tentative Listing Date | Thu, Jul 10, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jul 7, 2025 |
Investors can bid for a minimum of 6,000 shares and in multiples of 3,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 6,000 | ₹2,82,000 |
| Individual investors (Retail) (Min) | 2 | 6,000 | ₹2,82,000 |
| S-HNI (Min) | 3 | 9,000 | ₹4,23,000 |
| S-HNI (Max) | 7 | 21,000 | ₹9,87,000 |
| B-HNI (Min) | 8 | 24,000 | ₹11,28,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in September 1997, Cryogenic OGS Limited manufactures and assembles high-quality measurement and filtration equipment for industries such as oil, gas, chemicals, and related fluid sectors.
The company focuses on innovative and tailored services for oil, gas, chemicals, and allied fluid industry and provides customized solutions to meet the specific needs of its customers.
The company provides design, process engineering, and manufacturing solutions, including fabrication, assembly, and testing facilities.
Product Portfolio:
The company's manufacturing unit is situated in Vadodara, Gujarat, spread across an area of 8300 Square meters.
As of March 31, 2024, the company has 23 permanent employees.
Competitive Strengths:
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 33.85 | 28.35 | 24.00 |
| Total Income | 33.79 | 25.67 | 22.71 |
| Profit After Tax | 6.12 | 5.35 | 4.08 |
| EBITDA | 7.96 | 6.39 | 5.65 |
| Net Worth | 28.99 | 22.86 | 17.52 |
| Reserves and Surplus | 18.49 | 22.40 | 17.02 |
| Total Borrowing | 0.00 | 0.00 | 0.00 |
| Amount in ₹ Crore | |||
The market capitalization of Cryogenic OGS IPO is ₹67.12 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 23.62% |
| ROCE | 28.93% |
| RoNW | 21.12% |
| PAT Margin | 18.61% |
| EBITDA Margin | 24.20% |
| Price to Book Value | 1.70 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.83 | 4.29 |
| P/E (x) | 8.06 | 10.96 |
The Company Cryogenic OGS IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 11.50 |
| 2 | General Corporate Purposes | 3.96 |
| 3 | Public Issue Expenses | 2.30 |
[Dilip Davda] COL is engaged in high-quality measurement and filtration equipments and systems for various sectors. It posted growth in its top and bottom lines for the reported periods. The company has bright prospects ahead as the sectors it is serving are poised for a fast forward mode. Based on recent financial data, the issue appears reasonably priced. Investors may park funds for medium to long term. Read detail review...
Cryogenic OGS IPO is being assisted by IPOPlatform.com, a Chittorgarh.com company specializing in customized IPO consulting services to help businesses grow and list efficiently.
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Please note that as per the revised guidelines, the minimum application size for the retail category is 2 lots.
This means the minimum application size for this IPO under the retail category is 6,000 shares (i.e., 2 lots), amounting to ₹2,82,000.
As per the current setup in certain banking systems, any application above ₹2 lakhs is automatically classified under the HNI category instead of Retail.
However, for IPO subscription purposes, any application of 2 lots will be considered under the Retail category only, irrespective of the classification shown as HNI in the banking system.
| Listing Date | July 10, 2025 |
| BSE Script Code | 544440 |
| NSE Symbol | |
| ISIN | INE0TL001013 |
| Final Issue Price | ₹47 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹47.00 |
| Open | ₹89.30 |
| Low | ₹89.30 |
| High | ₹93.76 |
| Last Trade | ₹93.76 |
Cryogenic OGS Ltd.
60, 61, 62, 63 POR Industrial Park
Behind Sahyog Hotel,
POR
Vadodara, Gujarat, 391243
Phone: 9898867136
Email: cs@cryogenicogs.com
Website: https://www.cryogenicogs.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: cryogenic.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Cryogenic OGS IPO is a SME IPO of 37,80,000 equity shares of the face value of ₹10 aggregating up to ₹17.77 Crores. The issue is priced at ₹47 per share. The minimum order quantity is 3000.
The IPO opens on July 3, 2025, and closes on July 7, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Cryogenic OGS IPO using UPI as a payment gateway. Zerodha customers can apply in Cryogenic OGS IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cryogenic OGS IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Cryogenic OGS IPO opens on July 3, 2025 and closes on July 7, 2025.
Cryogenic OGS IPO lot size is 3000, and the minimum amount required for application is ₹2,82,000, with 2 lots being the minimum application size.
You can apply in Cryogenic OGS IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Cryogenic OGS IPO will be done on Tuesday, July 8, 2025, and the allotted shares will be credited to your demat account by Wednesday, July 9, 2025. Check the Cryogenic OGS IPO allotment status.
The Cryogenic OGS IPO listing date is on Thursday, July 10, 2025.
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