Vadodara, July 3, 2025 — Cryogenic OGS Limited, a precision engineering company that makes oil and gas metering and filtration systems, started its SME IPO on the BSE SME platform today, i.e. on July 3 and will close on July 7 2025. The price range is ₹44–47. The issue size is ₹17.77 crore for 37.8 lakh new shares.
Anchor investors bought about ₹5.05 crore worth of shares on July 2, but they have to wait two phases before they can sell them. The basis of allotment is due on July 8, refunds and credits are due on July 9, and the BSE SME exchange is likely to list the stock on July 10.
Cryogenic OGS IPO Subscription Status (as of July 4, 2025, 10:26 AM)
As of July 4, 2025, 10:26 AM, the Cryogenic OGS Limited SME IPO continues to witness strong investor interest, with an overall subscription reaching 31.13 times. Retail and non-institutional categories remain highly oversubscribed, while the Qualified Institutional Buyers (QIBs) segment has also seen consistent participation.
| Category |
Shares Offered |
Applications Received |
Shares Bid For |
Subscription (x) |
| Qualified Institutional Buyers (QIBs) |
7,17,000 |
2 |
26,61,000 |
3.71 |
| – Foreign Institutional Investors (FIIs) |
– |
1 |
1,44,000 |
– |
| – Others |
– |
1 |
25,17,000 |
– |
| Non-Institutional Investors (NII) |
7,29,000 |
1,149 |
2,00,52,000 |
16.02 |
| – Bids above ₹10 lakh |
3,60,000 |
340 |
1,16,76,000 |
32.43 |
| – Bids up to ₹10 lakh |
1,80,000 |
809 |
83,76,000 |
46.53 |
| Retail Individual Investors (2 lots) |
12,60,000 |
10,253 |
6,15,18,000 |
48.82 |
| Total |
27,06,000 |
11,404 |
8,42,31,000 |
31.13 |
Summary:
- The Retail category remains the most aggressive, with 48.82 times subscription.
- Non-Institutional Investors (especially those bidding below ₹10 lakh) continue to show high interest, with over 46 times oversubscription in that subsegment.
- QIBs have bid 3.71 times their reserved quota, indicating steady institutional appetite.
- Total bids received have crossed 8.42 crore shares against just 27.06 lakh shares on offer.
The IPO will remain open until July 7, 2025, and demand momentum is expected to intensify as the issue progresses.
Cryogenic OGS IPO Day 1 Subscription Status
According to the BSE demand schedule:
| Category |
Shares Offered |
Applications Received |
Shares Bid For |
Subscription (x) |
| Qualified Institutional Buyers (QIBs) |
7,17,000 |
1 |
25,17,000 |
3.51 |
| – Foreign Institutional Investors |
— |
— |
— |
— |
| – Domestic FIs / Banks / Insurers |
— |
— |
— |
— |
| – Mutual Funds |
— |
— |
— |
— |
Note: Subscription data for NII and Retail categories will be updated as released.
Key Cryogenic OGS IPO Details
| Particulars |
Details |
| IPO Status |
Live for Subscription |
| IPO Open Date |
July 3, 2025 |
| IPO Close Date |
July 7, 2025 |
| Price Band |
₹44 – ₹47 per share |
| Face Value |
₹10 per share |
| Total Issue Size |
37,80,000 shares (₹166.65 – ₹177.66 crore) |
| Net Issue to Public |
35,91,000 shares |
| Market Maker Reservation |
1,89,000 shares |
| Exchange |
BSE SME |
| Lead Manager |
Beeline Capital Advisors Pvt Ltd |
| Registrar |
MUFG Intime India Pvt Ltd |
Allotment Status – Where to Check
Once the allotment is finalised (expected by July 9, 2025), investors can check their status using either of the following portals:
MUFG Intime India (Registrar):
https://in.mpms.mufg.com/Initial_Offer/public-issues.html
BSE Allotment Portal:
https://www.bseindia.com/investors/appli_check.aspx
Required details:
- PAN
- Application Number
- DPID/Client ID
IPO Timeline
| Event |
Date |
| IPO Close Date |
July 7, 2025 |
| Allotment Finalisation |
July 9, 2025 |
| Demat Credit |
July 10, 2025 |
| Listing Date |
July 11, 2025 |
About the Company
Cryogenic OGS Limited is engaged in the fabrication and assembly of filtration, metering, and gas blending skids used across oil, gas, chemical, and fluid sectors. With an 8,300 square meter manufacturing facility in Vadodara, the company is debt-free and has submitted tender bids exceeding ₹50 crore for future growth.
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
