Cryogenic OGS Limited IPO...
01 Jul, 2025
Cryogenic OGS Limited IPO
Cryogenic OGS Limited has come up with the IPO offerings, where it will offer a fresh issue of 37.80 lakh shares. This IPO is open from July 3, 2025 and closes on July 7, 2025. The company is offering a price band of ₹44 to ₹47 per share in a lot size of 3000. For retail investors, this amount would be a minimum of ₹ 1,32,000. The proposed listing date for the Cryogenic OGS IPO is set on Thursday, July 10, 2025, on the BSE SME.
Company Background
Cryogenic OGS Limited was incorporated in September 1997. Cryogenic OGS manufactures high-quality filtration equipment for various industries, including oil, gas, chemicals, and related fluid sectors. This company provides the best equipment for the oil, fuel sectors according to the customer's needs.
Operations & Product Range
Facility & Production:
Cryogenic OGS platform offers valid, tested and own-manufactured equipment for operations in the industry, such as oil, gas, chemicals, and related fluids. The company has its manufacturing unit based in Vadodara, Gujarat, which spans 8300 Square meters and works on a large scale.
Brands & Market Presence:
The company provides the basket strainers, provers tanks, Dosing skids and gas skids. Also, they increase the equipment’s quality through the best engineering intelligence and trained employees. The company is serving a diverse range of clients, including well-known terminal automation firms that are listed in the Top 500 corporations.
Revenue Channels
It provides the equipment for the oil filtration work, high-quality machinery for the gas, chemical and fuel industry. In the financial year of 2024, revenue was 25.67 crore and in 2025, it grew by approx 8% growth reaching 33.79 crore in revenue. The company generates revenue by selling equipment and products like Basket strainers, air eliminators, additive dosing skids, prover tanks, etc.
Management & Shareholding
Promoters & Shareholding
Nilesh Patel is the founder and director of the company. He has been the sole handler of this company for the last 25 years. Mrs. Kiranben Nileshbhai Patel and Mr. Dhairya Patel are the other main promoters of this company. The promoters hold 100% shares of the company, which is supposed to decline after the IPO.
Board members
The board of members includes the two most highly experienced members, Ms. Prerana S Bokil and Mr. Shashank Garg, who are the independent directors of the company. They are consistent with their work.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Cryogenic OGS Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Cryogenic OGS Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | July 3, 2025 to July 7, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹44 to ₹47 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,80,000 shares (aggregating up to ₹17.77 Cr) |
| Reserved for Market Maker | 1,89,000 shares (aggregating up to ₹0.89 Cr) |
| Net Offered to Public | 35,91,000 shares (aggregating up to ₹16.88 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,05,00,000 shares |
| Share Holding Post Issue | 1,42,80,000 shares |
Cryogenic OGS Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Thu, Jul 3, 2025 |
| IPO Close Date | Mon, Jul 7, 2025 |
| Tentative Allotment | Tue, Jul 8, 2025 |
| Initiation of Refunds | Wed, Jul 9, 2025 |
| Credit of Shares to Demat | Wed, Jul 9, 2025 |
| Tentative Listing Date | Thu, Jul 10, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 7, 2025 |
Cryogenic OGS Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 6,000 | ₹2,82,000 |
| Individual investors (Retail) (Max) | 2 | 6,000 | ₹2,82,000 |
| HNI (Min) | 3 | 9,000 | ₹4,23,000 |
Cryogenic OGS Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | - |
Competitive Strength:
- ● Experienced promoters and founder members.
- ● Skilled workers and employees.
- ● Providing the best equipment without any compromise.
- ● Strong relationship with the customers.
- ● 200+ equipment installations done nationally and internationally.
Cryogenic OGS Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 33.85 | 33.79 | 6.12 | 28.99 | - | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 28 | 26 | 5 | 23 | - | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 24 | 22.71 | 4.08 | 17.52 | - | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.62% |
| ROCE | 28.93% |
| RoNW | 21.12% |
| PAT Margin | 18.61% |
| EBITDA Margin | 24.20% |
| Price to Book Value | 1.7 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.83 | 4 |
| P/E (x) | 8.06 | 11 |
IPO Objectives
The IPO objectives of cryogenic OGS are to utilize the Net proceeds from the issues of the following:
- Capital requirements of working are (11.50 crores).
- Expenses for General corporate purposes.
- IPO related expenses will be covered.
Conclusion
The IPO of Cryogenic OGS is allowing investors to grow with the increasing demand in the equipment and machinery sectors, coming from the oil, gas, and chemicals industries globally as well as domestically. Funds from the IPO will meet the working capital needs, fulfill the general corporate demands and manage all the public issue-related expenses. The company's plans for expansion and improvement in the future demonstrate the strength of the company for long-term survival.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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1. What are the opening and closing dates for the Cryogenic OGS Limited IPO?
The IPO opens for subscription on July 3, 2025 and closes on July 7, 2025.
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2. What is the price band and lot size for the IPO?
The price band is set at ₹44 to ₹47 per share. The minimum lot size for retail investors is 3,000 shares.
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3. What is the minimum investment required for retail investors?
Retail investors must apply for at least one lot (3,000 shares), which requires a minimum investment of ₹1,32,000 at the lower end of the price band.
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4. When will the shares be allotted and listed?
The basis of allotment is expected on July 8, 2025. Shares will be credited to demat accounts and refunds initiated on July 9, 2025. The tentative listing date is July 10, 2025 on the BSE SME platform.
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5. How many shares are being offered and what is the total issue size?
Cryogenic OGS Limited is offering a fresh issue of 37.80 lakh shares, aggregating up to ₹17.77 crore.
