Cryogenic OGS Limited
Bookbuilding IPO · BSE
- Price band
- ₹44 - ₹47
- Lot size
- 3,000 shares
- Issue amount
- ₹17.76 cr
- Total subscription
- 694.94×
- Opens
- 3 Jul 2025
- Closes
- 7 Jul 2025
- Allotment
- 8 Jul 2025
- Listing
- 10 Jul 2025
Offer at a glance
Issue overview
- Issue size
- 37,80,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,32,000
- Fresh issue
- ₹17.76 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,41,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,05,00,000
- Shares after issue
- 1,42,80,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 6,000 | ₹2,82,000 |
| sHNI | 3 | 9,000 | ₹4,23,000 |
| bHNI | 8 | 24,000 | ₹11,28,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 40 | 14,712 |
| HNIs (2-10L) | 20 | 13,030 |
| RETAIL | 210 | 1,62,497 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 3.37 | 0 |
| RETAIL | 5.92 | 9.79 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 5.83 | 5.09 | 3.88 |
| ROE | 23.62 | 26.47 | 23.27 |
| ROCE | 28.93 | 29.06 | 28.46 |
| RONW | 21.12 | 23.28 | 23.27 |
| PRE IPO(PE) | 8.06 | 0 | 0 |
| POST IPO(PE) | 10.96 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Cryogenic OGS Limited, established in September 1997, is engaged in the manufacturing and assembly of high-quality measurement and filtration equipment catering to industries such as oil, gas, chemicals, and other related fluid sectors. The company emphasizes innovation and customization, offering tailored solutions to address the specific requirements of its clients within these industries. Its services encompass design, process engineering, and manufacturing, which include fabrication, assembly, and testing capabilities. The product portfolio includes basket strainers, which help remove debris from pipelines to protect downstream equipment like pumps and valves; air eliminators that remove air and gases from liquid systems to ensure precise metering and system efficiency; prover tanks used for calibrating flow meters to guarantee accurate measurements; additive dosing skids designed for the continuous and automatic injection of additives into product lines; and truck or tank wagon loading skids for both liquids and gases that handle measurement, control, and filtration processes. The company’s manufacturing facility is located in Vadodara, Gujarat, and spans an area of 8,300 square meters. As of March 31, 2024, Cryogenic OGS Limited employs 23 permanent staff members.
Strengths
- Strong and Reliable Product Technology: Offers durable, high-quality products built with core technologies and innovative ideas tailored to client needs.
- Trusted Supplier Relationships: Maintains reliable supplier ties for timely procurement and consistent delivery of quality raw materials.
- Long-Standing Customer Relationships: Serves a stable client base, especially top oil & gas firms, through quality service, timely delivery, and tech-driven improvements.
Risk factors
- High Capital Requirements: Shift to company-supplied components increases working capital needs for project execution.
- Third-Party Dependency: Relies on external vendors; any delay, strike, or cost rise can impact delivery, quality, and margins.
- Demand Forecasting Risk: Absence of long-term contracts makes forecasting critical; errors may lead to overstock or shortages.
Promoters
Mr. Nilesh Natvarlal Patel
Mrs. Kiranben Nileshbhai Patel
Mr. Dhairya Patel
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
60, 61, 62, 63 POR Industrial Park Behind Sahyog Hotel, POR Vadodara, Gujarat, 391243
+91 98988 6713
[email protected]Company website ↗Understanding CRYOGENIC IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.