Cryogenic OGS Limited IPO

Cryogenic OGS Limited IPO

Cryogenic OGS Limited, based in Vadodara, Gujarat, specializes in high-quality measurement and filtration systems for the oil, gas, chemical, and allied fluid industries. With in-house design and engineering using AutoCAD ELD and other tools, the company offers customized, cost-efficient solutions. Their 8,300 sq. m facility includes advanced fabrication, assembly, and testing infrastructure. Quality control covers chemical, mechanical, and non-destructive testing. Cryogenic OGS secures projects via tenders and direct inquiries, currently awaiting commercial evaluation on tenders worth over ₹50 crore, including innovative skid-based systems.

Price Band

₹44 - ₹47

Dates

03 Jul - 07 Jul

GMP

₹28 (59.57%)

Subscriptions

-

Issue Size

₹17.77 Crs

Cryogenic OGS IPO Key Dates
Opening Date

03 Jul 25

Closing Date

07 Jul 25

Basis Of Allotment

08 Jul 25

Initiations Of Refund

09 Jul 25

Credit Of Shares

09 Jul 25

Listing Date

10 Jul 25

Cryogenic OGS IPO Objects

  1. To Meet Working Capital Requirements
  2. General Corporate Purposes

Cryogenic OGS IPO Details
Price Band

₹44 - ₹47

Listing At

BSE SME

IPO Issue Type

100% Book Built Offer

Fresh Issue

₹17.77 Cr (0.38 Cr Shares)

Offer For Sale

₹0.00 (0.00 Shares)

Total Issue

₹17.77 Cr (0.38 Cr Shares)

Face Value

₹10 per equity share

Cryogenic OGS IPO Lot Information
Investor Category Lot Shares Amount
Retail
Minimum 2 6,000 2,82,000
Maximum 2 6,000 2,82,000
NII
Minimum 3 9,000 4,23,000
Cryogenic OGS IPO GMP

The estimated Grey Market Premium of Cryogenic OGS IPO is ₹28 per share (59.57%)

Category Allocation
Particulars Allocation
QIB Not more than 50% of Net Offer
NII Not less than 15% of Net Offer
Retail Not less than 35% of Net Offer
Market Maker 1,89,000 EQ Shares
Cryogenic OGS IPO Financials

(Rs. in crores)

Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 32.90 24.25 22.02
Profit after Tax 6.12 5.35 4.08
Net Worth 28.99 22.86 17.52
Total Borrowing 0.00 0.00 0.00
Total Assets 33.85 28.35 24.00
NAV per share (in ₹) 27.61 21.77 16.68
EPS - Basic (in ₹) 5.83 5.09 3.88

The financial information presented is on a consolidated basis.

Key Performance Indicators
KPI Values
EBITDA 24.20%
PAT 18.61%
ROE 23.62%
ROCE 28.93%
PE Ratio 9.23
PB Ratio 2.16
Mkt Cap (in Crs.) 67.12
  • All Ratios are based on Mar 25
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.
Cryogenic OGS IPO Peer Comparision

(Rs. in crores)

Particulars Cryogenic OGS Loyal Equipments
Revenue from Ops (in Crs.) 32.90 75.30
PAT (In Crs.) 6.12 10.66
EPS - Basic 5.83 8.42
NAV per share 27.61 47.15
RONW 21.12% 20.96%
EBITDA 24.20% 21.77%
PAT Margin 18.61% 14.16%
Price to earning (PE) 9.23 26.21
  • All the information pertains to FY 2024-25
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 28, 2025 for Peers
Cryogenic OGS IPO Peer Comparision

(Rs. in crores)

Particulars Cryogenic OGS
Revenue from Ops (in Crs.) 32.90
PAT (In Crs.) 6.12
EPS - Basic 5.83
NAV per share 27.61
RONW 21.12%
EBITDA 24.20%
PAT Margin 18.61%
Price to earning (PE) 9.23
Loyal Equipments
75.30
10.66
8.42
47.15
20.96%
21.77%
14.16%
26.21
  • All the information pertains to FY 2024-25
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 28, 2025 for Peers
Promoter Details
Name Shareholding
Nilesh Patel 75.90%
Kiranben Patel 24.00%
Dhairya Patel 0.02%
Other Promoter 0.08%
Total 100.00%
Management Details
Name Designation
Nilesh Patel Chairman & MD
Ravi Milapchand Jain CFO
Company Details

Name: Cryogenic OGS Limited

Address: 60, 61, 62, 63 POR Industrial Park, Behind Sahyog Hotel, POR, Vadodara-391243, Gujarat, India

Number: +91 98988 67136

Email: cs@cryogenicogs.com

Website: www.cryogenicogs.com

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Frequently Asked questions?

Find answers to common questions that come in your mind related to IPO.

Cryogenic OGS IPO is a SME IPO having an issue size of Rs. ₹17.77 Crs. Cryogenic OGS IPO is priced at ₹44 - ₹47 per share. The issue opens on 03 Jul 25 and closes on 07 Jul 25.

Cryogenic OGS IPO opens on 03 Jul 25 and closes on 07 Jul 25.

The estimated Grey Market Premium of Cryogenic OGS IPO is ₹28 per share (59.57%).

The minimum lot size of Cryogenic OGS IPO is 3000 shares & the minimum application amount is Rs. 141000.

The allotment date of Cryogenic OGS IPO is 08 Jul 25.

The listing date of Cryogenic OGS IPO is 10 Jul 25.

Cryogenic OGS IPO is subscribed -.

Cryogenic OGS IPO is priced at ₹44 - ₹47 per share.

Click the allotment link on Cryogenic OGS IPO page of IPO360.

  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app

  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app

  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Cryogenic OGS IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date