Cryogenic OGS was incorporated on September 05, 1997. The company supplies high-quality measurement and filtration systems for the oil, gas, chemical, and fluid industries. It offers customized, cost-efficient solutions designed to meet clients' specific needs through expert collaboration
| Bidding Dates |
|---|
| 03 Jul 2025 - 07 Jul 2025 |
| Subscription |
|---|
| 646.47x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,64,000 | 2 | 2 | 3000 | 3.8 M | ₹44 - ₹47 | 73.53 % | ₹166.3 M - ₹177.7 M | RHP DOC |
Cryogenic OGS IPO SUBSCRIPTION STATUS
07 Jul '25Cryogenic OGS IPO overall subscription rate was 646.47 times the total available shares
Cryogenic OGS IPO retail subscription rate was 1029.44 times in the retail segment
Cryogenic OGS IPO non-institutional investor subscription rate was 1537.56 times in the non-institutional investor category
Cryogenic OGS IPO Qualified Institutional Bidder subscription rate was 111.07 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
07 Jul 2025 (Day 3) | 1029.44x | 1537.56x | 111.07x |
04 Jul 2025 (Day 2) | 184.77x | 166.14x | 6.84x |
03 Jul 2025 (Day 1) | 49.12x | 32.33x | 1.86x |
Cryogenic OGS FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 6.1 | 32.9 | 1.9 | 1.7 | 24.2% |
| FY24 | 5.3 | 24.3 | 1.5 | 1.5 | 26.3% |
| FY23 | 4.1 | 22.0 | 1.8 | 1.4 | 25.7% |
Cryogenic OGS IPO SUBSCRIPTION STATUS DETAILS
Cryogenic OGS had 3.8 M shares on offer
Cryogenic OGS IPO offer price was in the range ₹44 - ₹47
Cryogenic OGS IPO minimum Investment was ₹264000
Cryogenic OGS IPO issue size was ₹ 166.3 M - ₹ 177.7 M
Cryogenic OGS had a minimum lot size of 3000 Shares per application
Cryogenic OGS NUMBER OF SHARES ON OFFER
Cryogenic OGS IPO IMPORTANT DATES
| Issue Open Date | 03 Jul 2025 |
| Issue close Date | 07 Jul 2025 |
| Allotment Date | 08 Jul 2025 |
| Refund Date | 09 Jul 2025 |
| Demat Account Credit Date | 09 Jul 2025 |
| Listing Date | 10 Jul 2025 |
| Listing on Exchange(s) | BSE |
| Cryogenic OGS Allotment Status | Exchange/ Registrar |
Cryogenic OGS IPO subscription opened on 03 Jul 2025, and closed on 07 Jul 2025
IPO allotment for Cryogenic OGS was finalized on Tuesday, 08 Jul 2025
IPO listing for Cryogenic OGS was on BSE on Thursday, 10 Jul 2025
Cryogenic OGS IPO LISTING GAINS
| Issue Price (adjusted) | 47.0 |
| Listing Open Price | 89.3 |
| Listing Close Price | 93.8 |
| Listing Gain% | 90.0% |
| Current Gain% | 621.3% |
Cryogenic OGS Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cryogenic OGS Ltd. | 339 | 484.1 | 47.5 | 0.7 | 11.4 | 18.6 | 15.3 | 42.4 | 25.6 | 10.2 | 66.3 | 7.1 | 66.3 |
| Cummins India Ltd. | 5426 | 150408.7 | 63.5 | 6 | 11.9 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4299 | 110074.4 | 84.3 | 1.2 | 16.4 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 36035 | 40593.8 | 77.7 | 6.4 | 8 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 463.7 | 12.2 |
| Kirloskar Oil Engines Ltd. | 2161.7 | 31457 | 57.6 | 3.7 | 4 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| Jyoti CNC Automation Ltd. | 784.3 | 17836.8 | 55.4 | -12.6 | 8.1 | 16.8 | 9.3 | 2153.6 | 17.5 | 336 | 6.3 | 14.1 | -4.4 |
Cryogenic OGS INFORMATION ON IPO ISSUE
About Cryogenic OGS
Cryogenic OGS was incorporated on September 05, 1997. The company supplies high-quality measurement and filtration systems for the oil, gas, chemical, and fluid industries. It offers customized, cost-efficient solutions designed to meet clients' specific needs through expert collaboration
Object of the Issue
- To meet working capital requirements
- General corporate purposes
- Public issue expenses
Cryogenic OGS - PROMOTERS
| Name |
|---|
| Nilesh Natvarlal Patel |
| Kiranben Nileshbhai Patel |
| Dhairya Patel |
Cryogenic OGS Book Running Lead Manager
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Cryogenic OGS Registrar to the issue
Link Intime India Private Limited
cryogenic.smeipo@linkintime.co.in
Cryogenic OGS Strengths
Unique product technology
Leveraging core technologies and innovation, the company delivers durable, high-quality products tailored to client needs. Its solutions offer long-term reliability and value to the industry
Stable customer base
The company has built long-standing relationships with leading oil and gas energy firms through its focus on quality and timely delivery. Decades of experience and technological adoption have helped enhance its offerings to meet evolving customer needs
Quality & service standards
The company holds ISO 45001, ISO 14001, and ISO 9001 certifications, reflecting its commitment to workplace safety, environmental sustainability, and quality management. These accreditations highlight its dedication to operational excellence
Cryogenic OGS Risks
Depend on core products
The company relies heavily on sales of air eliminators and oil & gas metering skids. Any decline in demand, quality issues, or failure to adapt to product upgrades could negatively affect its revenue and growth
Inspections & audits
The company must meet strict quality standards and undergo customer inspections and audits. Non-compliance could lead to order cancellations, harming its reputation, business, and future prospects
Capital intensive
The company operates in a capital-intensive sector, and its evolving business model will increase financing needs. Inability to secure additional funding on favorable terms could hinder growth and future profitability
IPO FAQs
The promoters of the company are Nilesh Natvarlal Patel, Kiranben Nileshbhai Patel and Dhairya Patel.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 44.0 - 47.0.
The IPO application opens on Jul 03, 2025 and closes on Jul 07, 2025.
The minimum lot size for the IPO is 6000. The maximum lot size for the IPO is 6000.
For all category investors, the minimum application amount for this IPO is Rs. 264,000.0, the maximum value for this IPO is Rs 282,000.0.
This IPO will be allotted on Jul 08, 2025.
The refund will be credited to your account on Jul 09, 2025.
The allotted shares will be credited to your demat on Jul 09, 2025.
Cryogenic OGS Ltd.’s shares listed on the stock exchanges on Jul 10, 2025.