Cryogenic OGS IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jul 03 to Jul 07 2025
Price Band
₹47
Current GMP
₹89.3(90.00%)
Subscription
694.90 times
IPO Details
| IPO Date | July 3, 2025 to July 7, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price | ₹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 (aggregating up to ₹0.8883 Cr)Spread X Securities Private Limited |
| 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 |
IPO Date
July 3, 2025 to July 7, 2025
Listing Date
[.]
Face Value
₹10 per share
Issue Price
₹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 (aggregating up to ₹0.8883 Cr)Spread X Securities Private Limited
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
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 209.59 |
| Non-Institutional Buyers*** | 1,155.38 |
| Individual Investors (IND category bidding for 2 Lots) | 773.70 |
| Total ** | 694.90 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
209.59
Non-Institutional Buyers***
1,155.38
Individual Investors (IND category bidding for 2 Lots)
773.70
Total **
694.90
Day Wise Sub
| Day | QIB | NII* | Individual Investors | Total |
|---|---|---|---|---|
| Day 1 Jul 3, 2025 | 3.51 | 24.30 | 36.92 | 24.69 |
| Day 2 Jul 4, 2025 | 12.91 | 124.42 | 138.43 | 99.67 |
| Day 3 Jul 7, 2025 | 209.59 | 1,155.38 | 773.70 | 694.90 |
DayDay 1
Jul 3, 2025
QIB3.51
NII*24.30
Individual Investors36.92
Total24.69
DayDay 2
Jul 4, 2025
QIB12.91
NII*124.42
Individual Investors138.43
Total99.67
DayDay 3
Jul 7, 2025
QIB209.59
NII*1,155.38
Individual Investors773.70
Total694.90
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 10-07-2025 | 47.00 | 38(80.85%) | 85 |
| 09-07-2025 | 47.00 | 32(68.09%) | 79 |
| 08-07-2025 | 47.00 | 32(68.09%) | 79 |
| 07-07-2025 | 47.00 | 32(68.09%) | 79 |
| 06-07-2025 | 47.00 | 26(55.32%) | 73 |
| 05-07-2025 | 47.00 | 26(55.32%) | 73 |
| 04-07-2025 | 47.00 | 26(55.32%) | 73 |
| 03-07-2025 | 47.00 | 22(46.81%) | 69 |
| 02-07-2025 | 47.00 | 20(42.55%) | 67 |
| 01-07-2025 | 47.00 | 20(42.55%) | 67 |
| 30-06-2025 | 47.00 | 20(42.55%) | 67 |
| 29-06-2025 | 0(0.00%) | (0.00%) | |
| 28-06-2025 | 0(0.00%) | (0.00%) | |
| 27-06-2025 | 0(%) | (%) |
Date10-07-2025
Price47.00
GMP38(80.85%)
Estimate List Price85
Date09-07-2025
Price47.00
GMP32(68.09%)
Estimate List Price79
Date08-07-2025
Price47.00
GMP32(68.09%)
Estimate List Price79
Date07-07-2025
Price47.00
GMP32(68.09%)
Estimate List Price79
Date06-07-2025
Price47.00
GMP26(55.32%)
Estimate List Price73
Date05-07-2025
Price47.00
GMP26(55.32%)
Estimate List Price73
Date04-07-2025
Price47.00
GMP26(55.32%)
Estimate List Price73
Date03-07-2025
Price47.00
GMP22(46.81%)
Estimate List Price69
Date02-07-2025
Price47.00
GMP20(42.55%)
Estimate List Price67
Date01-07-2025
Price47.00
GMP20(42.55%)
Estimate List Price67
Date30-06-2025
Price47.00
GMP20(42.55%)
Estimate List Price67
Date29-06-2025
Price
GMP0(0.00%)
Estimate List Price(0.00%)
Date28-06-2025
Price
GMP0(0.00%)
Estimate List Price(0.00%)
Date27-06-2025
Price
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| 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 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 July 7, 2025
IPO Lot Size
| 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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares6,000
Amount₹2,82,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares6,000
Amount₹2,82,000
ApplicationS-HNI (Min)
Lots3
Shares9,000
Amount₹4,23,000
ApplicationS-HNI (Max)
Lots7
Shares21,000
Amount₹9,87,000
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 33.85 | 28.35 | 24.00 |
| Revenue | 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 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 202533.85
31 Mar 202428.35
31 Mar 202324.00
Period EndedRevenue
31 Mar 202533.79
31 Mar 202425.67
31 Mar 202322.71
Period EndedProfit After Tax
31 Mar 20256.12
31 Mar 20245.35
31 Mar 20234.08
Period EndedEBITDA
31 Mar 20257.96
31 Mar 20246.39
31 Mar 20235.65
Period EndedNet Worth
31 Mar 202528.99
31 Mar 202422.86
31 Mar 202317.52
Period EndedReserves and Surplus
31 Mar 202518.49
31 Mar 202422.40
31 Mar 202317.02
Period EndedTotal Borrowing
31 Mar 20250.00
31 Mar 20240.00
31 Mar 20230.00
Peers Comparison
| Company Name | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|
| Cryogenic OGS Limited | 5.83 | 27.61 | 21.12 | ||
| Loyal Equipments Limited | 8.42 | 47.15 | 26.21 | 20.96 | 4.68 |
Company NameCryogenic OGS Limited
EPS (Diluted)5.83
NAV (per share) (Rs)27.61
P/E (x)
RoNW (%)21.12
P/BV Ratio
Company NameLoyal Equipments Limited
EPS (Diluted)8.42
NAV (per share) (Rs)47.15
P/E (x)26.21
RoNW (%)20.96
P/BV Ratio4.68
IPO Reservation
| 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%) |
| Retail Shares Offered | 12,60,000 (33.33%) |
| Total Shares Offered | 37,80,000 (100.00%) |
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%)
Retail Shares Offered
12,60,000 (33.33%)
Total Shares Offered
37,80,000 (100.00%)
Information about company
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:
Basket Strainers: Designed for removing debris from pipelines, protecting pumps, valves, and other downstream equipment.
Air Eliminators are essential for removing air and other gases from liquid systems to ensure accurate metering and efficient system operation.
Prover Tanks: Used for calibrating the volume of flow meters, ensuring precise measurement in various industrial applications.
Additive Dosing Skid: This is a very flexible System for the continuous and fully automatic Dosing of additives into the main product line.
Truck Loading/Tank Wagon Loading Skid (Liquid & Gas Skid): Skid for liquid and gas for measurement, control, and filtration.
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:
Strong and Unique Product Technology
Experienced Promoters, Management, and a well-trained employee base
Consistency in Quality and Service Standards
Established Relationships with Suppliers
Stable Customer Base
Objectives of IPO
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
Public Issue Expenses
Disclaimer
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We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
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