Cryogenic OGS IPO

Incorporated in September 1997, Cryogenic OGS Limited specialises in manufacturing and assembling advanced measurement and filtration systems for industries such as oil, gas, chemicals, and related fluid sectors. Based in Vadodara, Gujarat, with a facility spread over 8,300 sq. m., the company delivers customised engineering, fabrication, and testing solutions. Its product range includes basket strainers, air eliminators, prover tanks, additive dosing skids, and liquid and gas loading skids. With 23 permanent employees, Cryogenic OGS is backed by experienced leadership, strong supplier ties, and a stable customer base.

Cryogenic OGS Limited IPO Overview

Cryogenic OGS IPO is a book-built issue amounting to ₹17.77 crore, consisting entirely of a fresh issue of 37.80 lakh equity shares. The IPO opens for subscription on July 3, 2025, and closes on July 7, 2025. Allotment is expected to be finalised on July 8, with the shares likely to be listed on the BSE SME platform on July 10, 2025. The price band is set between ₹44 and ₹47 per share, with a minimum lot size of 3,000 shares. Retail investors are required to invest a minimum of ₹1,32,000, though bidding at the cutoff price—approximately ₹1,41,000—is recommended due to likely oversubscription. HNI investors must apply for at least two lots, totalling ₹2,82,000. Beeline Capital Advisors Pvt Ltd is the book-running lead manager for the issue, while MUFG Intime India Private Limited (Link Intime) serves as the registrar. Spread X Securities Private Limited acts as the market maker.

Cryogenic OGS Limited IPO Details

Particulars	Details
IPO Date	3 July 2025 to 7 July 2025
Listing Date	10 July 2025
Face Value	₹10 per share
Issue Price Band	₹44 to ₹47 per share
Lot Size	3,000 Shares
Total Issue Size	37,80,000 shares (₹17.77 Cr)
Fresh Issue	37,80,000 shares (₹17.77 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	1,05,00,000 shares
Share Holding Post Issue	1,42,80,000 shares
Market Maker Portion	1,89,000 shares

Cryogenic OGS Limited IPO Reservation

Investor Category	Shares Offered
QIB	17,91,000 (47.38%)
NII (HNI)	5,40,000 (14.29%)
Retail	12,60,000 (33.33%)
Market Maker	1,89,000 (5.00%)
Total	37,80,000 (100%)

Cryogenic OGS Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	3,000	₹1,41,000
Retail (Max)	1	3,000	₹1,41,000
HNI (Min)	2	6,000	₹2,82,000

Cryogenic OGS Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	100.00%
Post-Issue	[To be updated on listing]

Promoters: Mr. Nilesh Natvarlal Patel, Mrs. Kiranben Nileshbhai Patel, and Mr. Dhairya Patel

Cryogenic OGS Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹4.29
Price/Earnings (P/E)	10.96
Return on Net Worth	21.12%
Net Asset Value (NAV)	₹28.99
Return on Equity	23.62%
Return on Capital Employed	28.93%
EBITDA Margin	24.20%
PAT Margin	18.61%
Debt to Equity Ratio	0.00

Objectives of the Proceeds

• To meet working capital requirements – ₹11.50 crore

• General corporate purposes

• Public issue expenses

Key Financials (₹ in Crores)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	33.85	28.35	24.00
Revenue	33.79	25.67	22.71
Profit After Tax	6.12	5.35	4.08
Reserves & Surplus	18.49	22.40	17.02
Total Borrowings	0.00	0.00	0.00