Bookbuilding IPO | ₹18 Cr | Listed at BSE SME | Thu, Jul 3, 2025 - Mon, Jul 7, 2025
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 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹2,82,000 (6,000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Jul 3, 2025
IPO Close
Mon, Jul 7, 2025
Issue Price
₹47 per share
Market Cap (Pre-IPO)
₹67.12 Cr
| IPO Date | 3 to 7 Jul, 2025 |
| Listed on | Thu, Jul 10, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹44 to ₹47 |
| Issue Price | ₹47 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 37,80,000 shares (agg. up to ₹18 Cr) |
| Reserved for Market Maker | 1,89,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹0.8883 Cr) |
| Fresh Issue (Ex Market Maker) | 35,91,000 shares (agg. up to ₹17 Cr) |
| Net Offered to Public | 35,91,000 shares (agg. up to ₹17 Cr) |
| Share Holding Pre Issue | 1,05,00,000 shares |
| Share Holding Post Issue | 1,42,80,000 shares |
| BSE Script Code | 544440 |
| ISIN | INE0TL001013 |
Cryogenic OGS IPO comprises a total issue size of 37,80,000 shares. The net offer to the public is 35,91,000 shares, after excluding 1,89,000 shares allotted on a firm basis. Of the Net offer 17,91,000 (49.87%) are allocated to QIB, 5,40,000 (15.04%) allocated to NII 12,60,000 (35.09%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 17,91,000 | 49.87% | 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 | 15.04% | 14.29% |
| − bNII > ₹10L | 3,60,000 | 9.52% | |
| − sNII < ₹10L | 1,80,000 | 4.76% | |
| Retail Shares Offered | 12,60,000 | 35.09% | 33.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,89,000 | 5.00% | |
| Total Shares Offered | 37,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples of 3,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 6,000 | ₹2,82,000 |
| Individual investors (Retail) (Max) | 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 |
Cryogenic OGS IPO raises ₹5.05 crore from anchor investors. Cryogenic OGS IPO Anchor bid date is July 2, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Jul 2, 2025 |
| Shares Offered | 10,74,000 |
| Anchor Portion (₹ Cr.) | 5.05 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Aug 6, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Oct 5, 2025 |
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 Ltd.'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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 11.50 |
| 2 | General Corporate Purposes | 3.96 |
| 3 | Public Issue Expenses | 2.30 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 (₹) | 5.83 | 4.29 |
| P/E (x) | 8.06 | 10.96 |
| Promoter Holding | 100% | 73.52% |
| Market Cap | ₹67.12 Cr. |
The Cryogenic OGS IPO is subscribed 694.90 times on July 7, 2025 5:04:33 PM (Day 3). The public issue subscribed 773.70 times in the individual investors category, 209.59 times in the QIB category, and 1,155.38 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 209.59 | 7,17,000 | 15,02,79,000 | 0 |
| NII* | 1,155.38 | 5,40,000 | 62,39,07,000 | 0 |
| Individual Investors | 773.70 | 12,60,000 | 97,48,68,000 | 0 |
| Total | 694.90 | 25,17,000 | 1,74,90,54,000 | 1,91,388 |
Total Application : 1,91,388
*Market Maker portion is not included to NII/HNI.
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.
🚀 Enquire Now
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to Legal Advisors | 0.03 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.08 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.18 |
| 6 | Fees payable to Peer Review Auditor | 0.07 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.12 |
| 8 | Others if any (Fees payable for marketing & distributing expenses, secretarial, advisors, consultancy, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses) | 1.55 |
| 9 | Escrow Bank Fees | 0.01 |
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.
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹47.00 |
| Open | ₹89.30 |
| Low | ₹89.30 |
| High | ₹93.76 |
| Last Trade | ₹93.76 |
Lead Manager Reports
Cryogenic OGS IPO is a SME IPO of 37,80,000 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹47 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Jul 3, 2025, and closes on Mon, Jul 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 Thu, Jul 3, 2025 and closes on Mon, Jul 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 Wed, Jul 9, 2025. Check the Cryogenic OGS IPO allotment status.
The Cryogenic OGS IPO listing date is on Thu, Jul 10, 2025.
