Investing in an Initial Public Offering (IPO) like the Cryogenic OGS IPO can be an exciting opportunity. This SME IPO, aiming to raise ₹17.77 crore through a fresh issue of 37.80 lakh equity shares, closed its IPO window on July 7, 2025.
The allotment is expected to be finalised on July 8, 2025, with shares set to list on the BSE SME platform on July 10, 2025. Below is a detailed guide on the IPO process, allotment, subscription, and listing details to help you navigate the process.
What is Cryogenic OGS IPO?
Cryogenic OGS Limited, founded in September 1997, is a Vadodara-based engineering company specialising in high-quality measurement, filtration, and dosing systems for the oil, gas, chemical, and allied fluid industries. Operating from an 8,300 sq. meter ISO-certified facility, the company offers end-to-end solutions, including:
Basket strainers
Air eliminators
Prover tanks
Additive dosing skids
Truck and tank wagon loading skids
The Cryogenic OGS IPO is a book-built Small and Medium Enterprise (SME) IPO, as per SEBI guidelines, with a fresh issue of 37.80 lakh equity shares at a face value of ₹10 each.
The IPO price band is set at ₹44 to ₹47 per share, with a minimum lot size of 3,000 shares, and the retail investors need to invest a minimum of ₹1,32,000 (₹1,41,000 at the cutoff price). The total funds raised from IPO will be used for working capital requirements, public issue expenses, and general corporate purposes.
What is an IPO Allotment?
An IPO allotment is the process of allocating shares to investors who applied during the subscription period. After the IPO closes on July 7, 2025, the company and its registrar, MUFG Intime India Private Limited, will review applications and distribute shares based on demand, investor category (Retail, QIB, NII), and availability. If the IPO is oversubscribed, a lottery system ensures fair allocation, particularly for retail investors.
Cryogenic OGS IPO Subscription Status
Investor Type
Subscription (Multiples)
Shares Offered
Shares bid for
Total Amount (Rs Cr.)
Anchor Investors
1
10,74,000
10,74,000
5.05
Market Maker
1
1,89,000
1,89,000
0.89
Qualified Institutions(QIB)
209.59
7,17,000
15,02,79,000
706.31
Non-Institutional Buyers (NII)
1,155.38
5,40,000
62,39,07,000
2,932.36
Retail
773.70
12,60,000
97,48,68,000
4,581.88
Total
694.90
25,17,000
1,74,90,54,000
8,220.55
When is Cryogenic OGS IPO Allotment Status Out?
The allotment for the Cryogenic OGS IPO is expected to be finalised on Tuesday, July 8, 2025. Investors can check their allotment status on or around this date through the registrar’s website (MUFG Intime India Private Limited) or the BSE platform. You may receive an email or SMS notification from BSE, NSE, CDSL, NSDL, or the registrar when the status is available.
Check if your Demat account has been credited with shares by July 9, 2025.
Instructions for First-Time Users
If you’re new to IPOs, follow these steps to check allotment status:
Prepare Application Details: Have your IPO Application Number, PAN, or DPID/Client ID ready.
Access the Platform: Visit the registrar’s website (MUFG Intime), BSE’s IPO allotment page, or your broker’s platform.
Select the IPO: Choose “Cryogenic OGS Limited” from the dropdown menu.
Enter Details: Input your Application Number, PAN, or DPID/Client ID accurately.
Verify and Submit: Complete any CAPTCHA or verification step and submit to view your status.
Save the Result: Take a screenshot or note whether shares were allotted or if a refund is due.
Contact Support if Needed: If you encounter issues, contact the registrar or your broker with your application details.
Troubleshooting Common Issues
Website Not Loading:
Cause: High traffic on BSE or MUFG Intime websites.
Solution: Try again after a few minutes, use a different platform, or check during off-peak hours (e.g., early morning).
IPO Not Listed in Dropdown:
Cause: Allotment may not be finalised yet.
Solution: Wait until the evening of July 8, 2025, or check the IPO prospectus for updates.
Invalid PAN or Application Number:
Cause: Typographical errors or incorrect details.
Solution: Verify your details from your broker’s email/SMS or application form. Ensure you’re using the correct PAN linked to your Demat account.
No SMS/Email Received:
Cause: Delayed notifications or incorrect contact details.
Solution: Check directly on BSE or MUFG Intime’s website. Update your contact details with your broker for future IPOs.
App Not Working:
Cause: Outdated app, compatibility issues, or network errors.
Solution: Ensure a proper internet connection, update the app to the latest version, or use the website instead.
Details on the Refund Process
If you don’t receive shares after the allotment, the blocked amount from your ASBA application will be unblocked. Here’s what to expect:
Timeline: Refunds are typically initiated on July 9, 2025, one day after allotment finalisation.
Process: The registrar (MUFG Intime) releases the blocked funds in your bank account. You’ll receive an SMS or email notification.
Delay in Refund: If funds aren’t unblocked by July 9, 2025, contact your bank or the registrar.
Use of Funds: Once unblocked, you can use the funds for other investments or future IPOs.
Tip: Check your bank account statement to confirm the unblocking of funds.
Information on Share Listing Process
Listing Date: The Cryogenic OGS IPO is tentatively set to list on the BSE SME platform on July 10, 2025.
Share Crediting: Allotted shares will be credited to successful applicants’ Demat accounts by July 9, 2025.
Trading: Once listed, shares can be traded on the BSE SME platform. Investors can monitor the listing price and performance through BSE or their broker’s platform.
Grey Market Premium (GMP): As of July 8, 2025, the GMP for Cryogenic OGS IPO is
Address: B 1311-1314, Thirteenth Floor, Shilp Corporate Park, Rajpath Rangoli Road, Thaltej, Ahmedabad – 380054, Gujarat, India
Phone: +91 079 4918 5784
Email: mb@beelinemb.com
Company Details
Name: Cryogenic OGS Limited
Address: 60, 61, 62, 63 POR Industrial Park, Behind Sahyog Hotel, Vadodara – 391243, Gujarat, India
Phone: +91 98988 67136
Email: cs@cryogenicogs.com
Explanation of Oversubscription and Lottery Process
If the number of applications exceeds the shares offered, the IPO is considered oversubscribed. In such cases, shares are allocated proportionally or through a random lottery, especially for retail investors. The registrar uses a computerised system for transparent allocation. Retail investors are prioritised for at least one lot (3,000 shares), but high demand may result in some applicants not receiving shares.
Clarification on ASBA Process
ASBA (Application Supported by Blocked Amount): This mandatory process for IPO applications in India blocks funds in your bank account during the application process. The funds are debited only if shares are allotted; otherwise, they are unblocked.
Steps to Apply via ASBA:
Log in to your bank’s net banking portal or broker platform.
Select the Cryogenic OGS IPO in the IPO section.
Enter the number of lots (1 lot = 3,000 shares) and bid price (preferably ₹47 to avoid oversubscription issues).
Provide your UPI ID (for UPI-based ASBA) or confirm the fund block (for bank-based ASBA).
Approve the UPI mandate or fund block request via your UPI app or bank.
Non-ASBA Option: Investors can apply through brokers by submitting physical IPO forms, but ASBA is more efficient and widely used.
Tax Implications
Capital Gains:
Short-Term Capital Gains (STCG): If shares are sold within 12 months, gains are taxed at 20% (plus applicable surcharge and cess).
Long-Term Capital Gains (LTCG): If held for over 12 months, gains above ₹1.25 lakh are taxed at 12.5% (plus surcharge/cess).
Losses: Losses can be set off against other capital gains, subject to tax rules.
Dividend Income: If Cryogenic OGS declares dividends, they are taxable according to your income tax slab.
Advice: Consult a tax professional to understand your specific tax obligations.
Post-Allotment Actions for Allotted Investors
Verify Share Credit: Ensure shares are credited to your Demat account by July 9, 2025. Check with your broker or Depository Participant (DP).
Monitor Listing: Track the listing performance on July 10, 2025, via the BSE SME platform or your broker’s app.
Trading Decision: Consider market conditions and your investment goals when deciding whether to hold for long-term growth or sell on listing day for potential gains.
Update Records: Keep records of your IPO investment details for tax purposes, including allotment and sale transactions to determine STCG or LTCG.
Stay Informed: Monitor company announcements, news, and financial performance post-listing to make informed holding or selling decisions.
Conclusion
Investors should check their Cryogenic OGS IPO allotment status on July 8, 2025, via the registrar’s website (MUFG Intime), BSE, or broker platforms, and prepare for the listing on July 10, 2025.
Understand the ASBA process, oversubscription mechanics, and tax implications before investing. Review the Red Herring Prospectus (RHP) and Draft Red Herring Prospectus (DRHP) and consult a SEBI-registered financial advisor to make informed decisions, as IPO investments carry market risks.
Disclaimer: This article is for informational purposes only and not financial advice. IPO investments carry risks. Read the company’s prospectus carefully and consult a certified financial advisor before making investment decisions.
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