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Cryogenic OGS IPO
Price Band
₹44.0–47.0
Issue Size
₹17.77 Cr
Lot Size
3,000 shares
Min Investment
₹282,000
2 LOTS MIN
GMP
+₹38.0 (80.85%)
Issue Price
₹47.0
Subject to Sauda
₹86600
Paid only if allotted
Cryogenic OGS IPO AI Summary
- Cryogenic OGS IPO is listed on BSE SME in the Industrial Products sector.
- Price band: ₹44.0–₹47.0 per share, lot size 3,000 shares (min. investment ₹282,000, 2 lots minimum).
- Subscription window: 03 Jul–07 Jul 2025, listing on 10 Jul 2025.
- Current GMP is +₹38.0 (80.85%), an estimated listing price of ₹85 — unofficial and can change daily.
Cryogenic OGS Limited is set to raise ₹17.77 Cr through its IPO, with an issue price of ₹47.0 per share. The company has shown consistent growth in income and profit over the past few years, and its unique product offerings cater to the industrial sector.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Cryogenic OGS IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 07 Jul 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Cryogenic OGS IPO Grey Market Premium (GMP) Today
GMP
+₹38.0
GMP %
+80.85%
Est. Listing
₹85.0
Updated: 25 Jul 2026 14:14
About the Company
Incorporated in September 1997, Cryogenic OGS Limited manufactures and assembles high-quality measurement and filtration equipment for industries such as oil, gas, chemicals, and related fluid sectors. The company focuses on innovative and tailored services for oil, gas, chemicals, and allied fluid industry and provides customized solutions to meet the specific needs of its customers. The company provides design, process engineering, and manufacturing solutions, including fabrication, assembly, and testing facilities. Product Portfolio: Basket Strainers: Designed for removing debris from pipelines, protecting pumps, valves, and other downstream equipment. Air Eliminators are essential for removing air and other gases from liquid systems to ensure accurate metering and efficient system operation. Prover Tanks: Used for calibrating the volume of flow meters, ensuring precise measurement in various industrial applications. Additive Dosing Skid: This is a very flexible System for the continuous and fully automatic Dosing of additives into the main product line. Truck Loading/Tank Wagon Loading Skid (Liquid & Gas Skid): Skid for liquid and gas for measurement, control, and filtration. The company's manufacturing unit is situated in Vadodara, Gujarat, spread across an area of 8300 Square meters. As of March 31, 2024, the company has 23 permanent employees. Competitive Strengths: Strong and Unique Product Technology Experienced Promoters, Management, and a well-trained employee base Consistency in Quality and Service Standards Established Relationships with Suppliers Stable Customer Base
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 33.85 | 28.35 | 24.00 |
| Total Income | 33.79 | 25.67 | 22.71 |
| Profit After Tax | 6.12 | 5.35 | 4.08 |
| EBITDA | 7.96 | 6.39 | 5.65 |
| NET Worth | 28.99 | 22.86 | 17.52 |
| Reserves and Surplus | 18.49 | 22.40 | 17.02 |
| Total Borrowing | 0.00 | 0.00 | 0.00 |
Key Ratios
EPS
₹5.83
NAV
₹27.61
ROE
23.62%
ROCE
28.93%
RoNW
21.12%
P/B Value
1.70
P/E Ratio
8.06
Market Cap
₹67.12 Cr
PAT Margin
18.61%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Diluted |
|---|---|---|---|---|
| Loyal Equipments Limited | 47.15 | 20.96% | 26.21 | 8.42 |
| Cryogenic OGS Limited This IPO | 27.61 | 21.12% | — | 5.83 |
Promoters
Nilesh Natvarlal Patel, Kiranben Nileshbhai Patel and Dhairya Patel
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet working capital requirements 11.50 2 General Corporate Purposes 3.96 3 Public Issue Expenses 2.30 Total 17.77
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹22.71 Cr in the year ending 31 Mar 2023, rising to ₹25.67 Cr by 31 Mar 2024, and further increasing to ₹33.79 Cr by 31 Mar 2025.
Profit Trend
Profit after tax was ₹4.08 Cr in the year ending 31 Mar 2023, increasing to ₹5.35 Cr by 31 Mar 2024, and further rising to ₹6.12 Cr by 31 Mar 2025.
Valuation
Cryogenic OGS Limited's implied P/E at the issue price is approximately 8.06, compared to peers trading at a P/E of 26.21.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO. It reflects the price at which the shares are traded in the unofficial market before they are listed on the stock exchange. A positive GMP suggests that the market expects the shares to list at a premium to the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors with a low-risk appetite or those who prefer stable, established companies may want to avoid IPOs like this, which can be more volatile and uncertain.
IPO Timeline, Explained
The IPO opens on July 3, 2025, and closes on July 7, 2025. Allotment of shares will be done on July 8, 2025, and the listing on the stock exchange is expected on July 10, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make by selling shares on the listing day if the market price exceeds the issue price. However, there is no guarantee of listing gains, as market conditions can fluctuate significantly.
This evaluation is generated from Cryogenic OGS's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Cryogenic OGS IPO GMP today?
Cryogenic OGS IPO GMP today is +₹38.0 (80.85%), indicating an estimated listing price of ₹85. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Cryogenic OGS IPO?
The price band of Cryogenic OGS IPO is ₹44.0–₹47.0 per share.
When does Cryogenic OGS IPO open and close?
Cryogenic OGS IPO opens on 03 July 2025 and closes on 07 July 2025.
When does Cryogenic OGS IPO list on the stock exchange?
Cryogenic OGS IPO listed on 10 July 2025 at ₹85.0.
What is the lot size for Cryogenic OGS IPO?
The lot size for Cryogenic OGS IPO is 3000 shares, requiring a minimum investment of ₹282,000 (2 lots).
What is the lot size for Cryogenic OGS IPO?
The lot size for Cryogenic OGS IPO is 3000 shares.
What is the minimum investment required?
The minimum investment required is ₹282,000.
What is the price band for the IPO?
The price band for the IPO is ₹44.0 to ₹47.0.
When does the IPO open and close?
The IPO opens on July 3, 2025, and closes on July 7, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the shares may list on the stock exchange.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
03 Jul 2025
Close
07 Jul 2025
Allotment
08 Jul 2025
Listing
10 Jul 2025
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