Cryogenic OGS IPO Details
The key details of Cryogenic OGS’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹17.77 Cr |
| Price Range | ₹44 - ₹47 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 3,000 |
| Investment (cut-off price) | ₹2,82,000 |
| Pre IPO Promotor Holding | 100% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Cryogenic OGS IPO Timelines
The IPO process for Cryogenic OGS includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
03/07/2025
Start Date07/07/2025
End Date09/07/2025
Refund Initiation09/07/2025
Credit of Shares to Demat Ac10/07/2025
Listing DateCryogenic OGS IPO Lot Size
The Cryogenic OGS IPO has a fixed lot size of 3,000 shares, with an upper price band of ₹47 per share, requiring ₹2,82,000 for 2 lots (6,000 shares) — the minimum and maximum application for retail investors. For HNI investors, the minimum application is 3 lots (9,000 shares), amounting to ₹4,23,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 6000 | ₹2,82,000 |
| Retail Maximum | 2 | 6000 | ₹2,82,000 |
| HNI Minimum | 3 | 9000 | ₹4,23,000 |
Cryogenic OGS IPO Subscription Status
The subscription status for Cryogenic OGS IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 209.59x | 1,155.38x | 773.70x | -- | 694.90x |
IPO Performance on Listing Day
On the listing day (July 10, 2025), Cryogenic OGS made a stellar debut on the stock exchange. The stock opened at ₹89.30, delivering an impressive premium of 90% over its issue price of ₹47. Throughout the trading session, the stock showed strong upward momentum, climbing to a high of ₹93.76 while maintaining firm support at its opening price. The shares concluded their first trading day at ₹93.76, securing a remarkable gain of 99.5% over the issue price, reflecting robust investor confidence in this industrial gas solutions provider.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹89.30 | ₹93.76 | ₹93.76 | ₹89.30 |
Cryogenic OGS IPO Company Financials
Cryogenic OGS reports robust performance in FY2025 with Total Income of ₹33.79 crores, managing expenses at ₹25.52 crores, and achieving a strong PAT (Profit After Tax) of ₹6.12 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹24.00 | ₹19.57 | ₹3.28 |
| FY 2023 | ₹22.71 | ₹17.23 | ₹4.08 |
| FY 2024 | ₹25.67 | ₹18.55 | ₹5.38 |
| FY 2025 | ₹33.79 | ₹25.52 | ₹6.12 |
About Company
Cryogenic OGS Limited, established in September 1997, specializes in manufacturing and assembling high-quality measurement and filtration equipment for industries such as oil, gas, chemicals, and related fluid sectors. The company is known for its innovative and customized engineering services, offering tailored solutions that address specific industrial needs. Its offerings span design, process engineering, fabrication, assembly, and testing, ensuring comprehensive support throughout the equipment lifecycle.
The company’s diverse product portfolio includes Basket Strainers for pipeline debris removal, Air Eliminators for accurate metering, Prover Tanks for calibrating flow meters, and Additive Dosing Skids for automated chemical dosing. It also manufactures Truck and Tank Wagon Loading Skids for liquid and gas measurement and control. Operating from a manufacturing facility in Vadodara, Gujarat, spread over 8,300 square meters, Cryogenic OGS Limited employed 23 permanent staff as of March 31, 2024.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1997 | Oil And Gas | Nilesh Patel |
Know Before Investing
Cryogenic OGS IPO Strengths
- Cryogenic OGS has been operating since 1997, building a strong reputation for engineering excellence and reliability in the fluid control equipment sector for oil, gas, petrochemicals, chemicals, and liquor industries.
- The company manufactures a wide range of products, including metering, filtering, dosing, and blending equipment, with over 100 product varieties and 500+ liquid and gas skids produced.
- Cryogenic OGS serves prominent terminal automation companies and top 500 Indian enterprises, with equipment installed at over 200 locations in India and abroad.
- The company has demonstrated consistent revenue growth (₹25.67 crore in FY24) and rising profitability (PAT of ₹5.38 crore in FY24), with impressive margins (PAT margin of 22.17% and EBITDA margin of 26.33%).
- Operations are ISO-certified, and products comply with major industry standards such as API, IS, ASME, and ATEX, ensuring process safety and reliability.
- As of March 2024, the company has over 70 domestic and 9 international bids in progress, and is expanding internationally through strategic partnerships, particularly in the GCC region.
Cryogenic OGS IPO Risks
- The company’s revenue is closely tied to order flows from the oil, gas, and chemicals sectors, leading to uneven cash flows and financial performance.
- The fluid control equipment sector is highly competitive, with both domestic and international players, potentially pressuring margins and market share.
- Cryogenic OGS is exposed to fluctuations in the prices and availability of key raw materials, which can impact production costs and profitability.
- The company must comply with evolving industry, safety, and environmental regulations, with non-compliance risking penalties or operational disruptions.
- Delays in project execution, supply chain disruptions, or quality issues could negatively impact profitability and client relationships.
Swot Analysis for Cryogenic OGS IPO
Strengths
Diverse Industry Reach, Robust Manufacturing Capability, Compliance with Global Standards
Weaknesses
Geographical Concentration, Operational Complexity, Dependence on Industrial Capex
Opportunities
Sector Growth, Export Expansion, Technological Innovation
Threats
Intense Competition, Raw Material Price Volatility, Regulatory and Compliance Risks
Company Details
Cryogenic OGS Limited
60, 61, 62, 63 POR Industrial Park, Behind Sahyog Hotel, POR, Vadodara-391243, Gujarat, India
Phone: +91 98988 6713
Email: cs@cryogenicogs.com
Website: https://www.cryogenicogs.com/
IPO Registar Details
MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: cryogenic.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
FAQs
The key objectives of Cryogenic OGS SME IPO are:
- To Meet Working Capital Requirements
- General Corporate Purposes
- Public Issue Expenses
Beeline Capital Advisors Pvt Ltd is the book-running lead managers for the Cryogenic OGS IPO.
Cryogenic OGS Limited’s IPO offers notable growth potential, driven by its extensive industry experience, certified quality standards, and strong reputation. The company is well-positioned to tap into rising demand in the oil, gas, and chemical sectors. With strategic efforts to diversify its customer base and product offerings, it can mitigate concentration risks and achieve sustainable expansion.
The issue price for the Cryogenic OGS IPO is set between ₹44 to ₹47 per share.
To invest in two lot of Cryogenic OGS IPO, you need ₹2,64,000 at the lower price band (₹44 per share) or ₹2,82,000 at the upper price band (₹47 per share) for a lot size of 6000 shares.
Cryogenic OGS IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on July 10, 2025.
Refund/unblocking of funds for Cryogenic OGS IPO will begin on July 9, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Cryogenic OGS IPO shares on listing day (July 10, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.