Cryogenic OGS Shares Soar 90% on BSE SME Debut

New Delhi, July 10, 2025 – Shares of Cryogenic OGS made a stellar debut on the BSE SME platform today, listing at ₹89.30 per share, a sharp 90% premium over the issue price of ₹47. The listing took place on Thursday, July 10, following the successful completion of its IPO.

Strong Market Debut Surpasses Expectations

The listing gain came in higher than anticipated and was in line with BSE’s cap for SME stock listing premiums, which is set at 90%.

IPO Details

The ₹17.77 crore initial public offering was an entirely fresh issue of 3.78 million equity shares. The IPO was open for subscription from July 3 to July 7, 2025, at a price band of ₹44 to ₹47 per share. The final issue price was fixed at ₹47 following the allotment on July 8, 2025. The offering saw overwhelming investor interest, getting oversubscribed by a massive 646.47 times, as per BSE data.

Notably, there was no offer-for-sale (OFS) component in the issue.

• Registrar: MUFG Intime India
• Book-running Lead Manager: Beeline Capital Advisors
• Lot size: 3,000 shares

The company plans to use the IPO proceeds to meet its working capital needs and support general corporate activities.

About Cryogenic OGS

Established in 1997, Cryogenic OGS delivers high-quality measurement and filtration systems across industries such as oil, gas, chemicals, and other fluid sectors. The company offers end-to-end solutions including design, engineering, manufacturing, assembly, and testing. Its service suite also covers process engineering and fabrication. It primarily acquires business through competitive tenders and direct client inquiries.

Cryogenic OGS’s impressive listing reflects strong investor appetite for quality offerings in the SME space, especially those with solid fundamentals and industrial relevance.

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