Cryogenic OGS Limited IPO

Cryogenic OGS Limited IPO

SME BSE SME 100% Book Built Offer
Closed

Price Band

₹44 - ₹47

Total Issue

₹17.77 Cr

Bid Dates

03 Jul - 07 Jul

Subscription

646.47x

Est. GMP

₹28 (59.57%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

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.

Lot Info

Lot Information for Cryogenic OGS IPO
Category Lots Shares Amount
Individual (Min) 2 6,000 ₹2,82,000
Individual (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
Market Maker
1,89,000 EQ Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹17.77 Cr
Fresh Issue
₹17.77 Cr (0.38 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹28
Est. Price ₹75
Est. Gain 59.57%

Cryogenic OGS IPO Peer Comparison

(Rs. in crores)

Cryogenic OGS IPO Peer Comparison Table
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

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Cryogenic OGS IPO
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

KPIs

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.

Shareholding

Promoter

100.00%

Public

0.00%

Nilesh Patel 75.90%
Kiranben Patel 24.00%
Dhairya Patel 0.02%
Other Promoter 0.08%

Management

Nilesh Patel Chairman & MD
Ravi Milapchand Jain CFO

Registrar & Lead Managers

Registrar

MUFG Intime India

MUFG Intime India

Lead Managers (1)

Beeline Broking Beeline Broking

Subscription Status

Updated as on 07 Jul 2025 | 05:00:00 PM

BSE SME Subscription Status for Cryogenic OGS IPO
Category Sub (x) Offered Bids
QIB 209.59x 7,17,000 15,02,79,000
NII 1,155.38x 5,40,000 62,39,07,000
Retail 773.80x 12,60,000 97,49,82,000
Total 694.94x 25,17,000 1,74,91,68,000

Frequently Asked Questions

What is Cryogenic OGS IPO?
Cryogenic OGS IPO is a SME IPO having an issue size of ₹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.
When will Cryogenic OGS IPO open?
Cryogenic OGS IPO opens on 03 Jul 25 and closes on 07 Jul 25.
What is the GMP of Cryogenic OGS IPO?
The estimated Grey Market Premium of Cryogenic OGS IPO is ₹28 per share (59.57%).
What is the lot size of Cryogenic OGS IPO?
The minimum lot size of Cryogenic OGS IPO is 3000 shares & the minimum application amount is Rs. 141000.
When is the allotment of Cryogenic OGS IPO?
The allotment date of Cryogenic OGS IPO is 08 Jul 25.
What is the listing date of Cryogenic OGS IPO?
The listing date of Cryogenic OGS IPO is 10 Jul 25.
What is the subscription of Cryogenic OGS IPO?
Cryogenic OGS IPO is subscribed 646.47 times.
What is the price band of Cryogenic OGS IPO?
Cryogenic OGS IPO is priced at ₹44 - ₹47 per share.
How to check allotment status of Cryogenic OGS IPO?
Click the allotment link on Cryogenic OGS IPO page of IPO360.
How to apply Cryogenic OGS IPO in Zerodha?
  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
How to apply Cryogenic OGS IPO in Groww?
  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
How to apply Cryogenic OGS IPO using ASBA?
  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