Cryogenic OGS IPO 2025
All details for Cryogenic OGS IPO: Dates, price, subscription, financials, objectives, KPIs, registrar, and company overview.
Subscription Status (Day 1): 8.31x retail, 3.74x NII, 0.00x QIB, total 4.96x
Cryogenic OGS IPO: At a Glance
IPO Size₹17.77 Cr (Fresh Issue)
IPO TypeBookbuilding
Listing AtBSE SME
Face Value₹10 per Equity Share
Fresh Issue37,80,000 shares
Market MakerSpread X Securities Pvt Ltd
Promoter Holding (Pre IPO)100%
Promoter Holding (Post IPO)Calculated after dilution
Websitecryogenicogs.com
IPO Timeline
| IPO Activity | Date |
|---|---|
| IPO Open Date | July 3, 2025 |
| IPO Close Date | July 7, 2025 |
| Basis of Allotment | July 8, 2025 |
| Refunds Initiation | July 9, 2025 |
| Credit of Shares to Demat | July 9, 2025 |
| IPO Listing Date | July 10, 2025 |
IPO Subscription Status (Day 1, July 3, 2025)
| Category | Subscription (times) | Shares Offered | Shares Bid For | Applications |
|---|---|---|---|---|
| QIB | 0.00x | 7,17,000 | 0 | 0 |
| NII (HNI) | 3.74x | 5,40,000 | 20,19,000 | 0 |
| Retail (Individual) | 8.31x | 12,60,000 | 1,04,76,000 | 0 |
| Total | 4.96x | 25,17,000 | 1,24,95,000 | 1,977 |
IPO Price & Lot Size
| Issue Price Band | ₹44 – ₹47 per share |
|---|---|
| Market Lot | 3,000 Shares |
| Retail Min | 2 lots (6,000 shares) – ₹2,82,000 |
| Retail Max | 2 lots (6,000 shares) – ₹2,82,000 |
| HNI Min | 3 lots (9,000 shares) – ₹4,23,000 |
Note: Minimum application size for Retail is 2 lots (₹2,82,000), but may show as HNI in some banks. For IPO, 2 lots is Retail.
Company Financials (₹ Crore)
Bar Chart: Revenue, PAT & Net Worth
Line Chart: Revenue, PAT & Net Worth
| Period Ended | Assets | Revenue | Profit After Tax | EBITDA | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 33.85 | 33.79 | 6.12 | 7.96 | 28.99 | 18.49 | 0.00 |
| 31 Mar 2024 | 28.35 | 25.67 | 5.35 | 6.39 | 22.86 | 22.40 | 0.00 |
| 31 Mar 2023 | 24.00 | 22.71 | 4.08 | 5.65 | 17.52 | 17.02 | 0.00 |
Key Performance Indicators (KPI)
| KPI | Values |
|---|---|
| Market Cap | ₹67.12 Cr |
| ROE | 23.62% |
| ROCE | 28.93% |
| RoNW | 21.12% |
| PAT Margin | 18.61% |
| EBITDA Margin | 24.20% |
| Price to Book Value | 1.70 |
| EPS (Pre IPO) | 5.83 |
| EPS (Post IPO) | 4.29 |
| P/E (Pre IPO) | 8.06 |
| P/E (Post IPO) | 10.96 |
Objects of the Issue
| S.No. | Objects | Expected Amount (₹ Cr) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 11.50 |
| 2 | General Corporate Purposes | — |
| 3 | Public Issue Expenses | — |
About Cryogenic OGS Limited
Incorporated: September 1997
Business: Manufactures & assembles measurement and filtration equipment (basket strainers, air eliminators, prover tanks, dosing skids, truck loading skids) for oil, gas, chemicals, and fluid industries.
Manufacturing Unit: Vadodara, Gujarat (8300 sq. m.)
Employees: 23 (as of Mar 31, 2024)
Strengths:
- Strong/unique product technology
- Experienced promoters and management
- Consistent quality & service standards
- Stable customer base and supplier ties
Promoters: Nilesh Natvarlal Patel, Kiranben Nileshbhai Patel, Dhairya Patel
Contact Details
Cryogenic OGS Limited
60, 61, 62, 63 POR Industrial Park,
Behind Sahyog Hotel, POR, Vadodara, Gujarat, 391243
Phone: +91 9898867136
Email: cs@cryogenicogs.com
Website: https://cryogenicogs.com/
60, 61, 62, 63 POR Industrial Park,
Behind Sahyog Hotel, POR, Vadodara, Gujarat, 391243
Phone: +91 9898867136
Email: cs@cryogenicogs.com
Website: https://cryogenicogs.com/
Registrar: MUFG Intime India Private Limited (Link Intime)
