Cryogenic OGS Limited is a Gujarat-based engineering company specialising in manufacturing high-quality measurement and filtration equipment for the oil, gas, and chemical industries. It launched its Initial Public Offering (IPO) on July 3, 2025, aiming to raise ₹17.77 crores through a fresh issue of 37.80 lakh equity shares.
This article explains the Cryogenic OGS IPO, including its Grey Market Premium (GMP), key dates, price band, allotment details, financial performance, and investment considerations.
Cryogenic OGS IPO is a book-built issue aiming to raise ₹17.77 crores through a fresh issue of 37.80 lakh equity shares with a face value of ₹10 each. The IPO is set to open on July 3, 2025, and close on July 7, 2025. The shares are proposed to list on the BSE SME platform on July 10, 2025.
Event | Date |
IPO Open Date | July 3, 2025 |
IPO Close Date | July 7, 2025 |
Tentative Allotment | July 8, 2025 |
Initiation of Refunds | July 9, 2025 |
Credit of Shares to Demat | July 9, 2025 |
Tentative Listing Date | July 10, 2025 |
Cut-off Time for UPI Mandate | July 7, 2025, 5:00 PM |
Investors can apply through ASBA (Application Supported by Blocked Amount) via their bank’s net banking, UPI through registered brokers, or offline forms submitted through stockbrokers. The IPO is managed by Beeline Capital Advisors Pvt Ltd as the book-running lead manager, with MUFG Intime India Private Limited (Link Intime) as the registrar. The market maker is Spread X Securities Private Limited.
Cryogenic OGS Limited was founded in September 1997. It was a Vadodara-based engineering company specialising in the design, fabrication, assembly, and testing of high-quality measurement, filtration, and dosing systems for the oil, gas, chemical, and allied fluid industries.
The Cryogenic OGS has a capacity to operate from an 8,300 sq. meter ISO-certified facility. The company leverages advanced software like AutoCAD ELD and holds fabrication certifications from DNV, ensuring reliable quality and production capacity.
Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
Assets (₹ LAKH) | 2834.55 | 2399.96 | 2243.32 |
Revenue (₹ LAKH) | 2525.41 | 2202.16 | 2333.00 |
Profit After Tax (₹ LAKH) | 537.78 | 407.65 | 328.14 |
Net Worth (₹ LAKH) | 2289.62 | 1751.84 | 1344.20 |
NAV per Share | 21.81 | 16.68 | 12.80 |
Total Borrowing (₹ LAKH) | 0 | 0 | 156.22 |
The company’s strong revenue and profit growth, coupled with a zero-debt status, indicate a healthy financial position. The low P/E ratio suggests the IPO is reasonably priced compared to industry peers.
Grey Market Premium (GMP) for Cryogenic OGS IPO today is reported at ₹20 per share, indicating a potential listing price of ₹67 per share (42.55% above the upper price band of ₹47). However, GMP data is limited and has not been consistently reported, reflecting low grey market activity. Investors should note that GMP is unofficial and subject to volatility, and decisions should not be based solely on GMP.
GMP Date | IPO Price | GMP | Expected Listing | Update Time |
04/07/2025 | ₹47 | ₹20 | ₹67 (42.55%) | 12:00 IST |
03/07/2025 | ₹47 | ₹20 | ₹67 (42.55%) | 23:53 IST |
02/07/2025 | ₹47 | ₹20 | ₹67 (42.55%) | 23:48 IST |
01/07/2025 | ₹47 | ₹20 | ₹67 (42.55%) | 23:57 IST |
Long-term investors may find the IPO attractive due to its strong fundamentals, zero-debt status, and growth potential in the oil and gas sector. However, retail investors should monitor subscription trends and market sentiment, as the lack of consistent GMP data suggests limited short-term listing gains.
Investors can apply for the Cryogenic OGS IPO through the following methods:
The Cryogenic OGS IPO allotment status will be available on the MUFG Intime India Private Limited (Link Intime) website after July 8, 2025. Follow these steps:
Alternatively, check the status on the BSE website by selecting “Equity” and “Cryogenic OGS Limited.” Investors will also receive allotment updates via email or push notifications from their brokers.
You can find the essential contact details for the company and the ipo’s registrar below.
The Cryogenic OGS IPO offers an opportunity to invest in company which is in the oil, gas, and chemical equipment sector which has strong financials, zero debt, and a low P/E ratio, the IPO is attractively priced for long-term investors. The company’s focus on innovative solutions and global expansion enhances its growth potential.
However, IPOs always carries risks such as limited GMP data, and market competition warrant caution for short-term investors. You should monitor subscription trends and market conditions before applying.
Disclaimer: The information provided in this article is for educational purposes only and should not be considered investment advice. Investors are advised to conduct their own research and consult SEBI registered financial advisors before making investment decisions.
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