CRYOGENIC OGS IPO is a fully book-built issue with a total IPO size of ₹17.77 crores. The total offering consists of 50,00,000 shares.
The IPO opens on July 3, 2025 and closes on July 7, 2025.
The allotment process is expected to be finalized by July 8, 2025. The CRYOGENIC OGS IPO is scheduled to list on BSE SME, with a tentative listing date of July 10, 2025.
The price band for the CRYOGENIC OGS IPO is ₹44 to ₹47 per share.
Registrar for this IPO is Link Intime India Private Limited and lead managers for CRYOGENIC OGS IPO are Beeline Capital Advisors Private Limited.
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IPO Schedule
| IPO Open Date | Thursday, 03 Jul, 2025 |
|---|---|
| IPO Close Date | Monday, 07 Jul, 2025 |
| IPO Allotment Date | Tuesday, 08 Jul, 2025 |
| Refund Initiation | Wednesday, 09 Jul, 2025 |
| Share credit in Demat | Wednesday, 09 Jul, 2025 |
| Listing Date | Thursday, 10 Jul, 2025 |
Key Details
| Price Band | ₹44 to ₹47 Per Share |
|---|---|
| Lot Size | 3000 Shares |
| Face Value | ₹10 Per Equity Share |
| Total Issue Size | 3,780,000 Shares |
| Fresh Issue | - |
| Issue Type | Fresh Issue |
| Listing At | BSE SME |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | 141,000 |
| Retail (Max) | 1 | 3000 | 141,000 |
| S-HNI (Min) | 2 | 6000 | 282,000 |
| S-HNI (Max) | 7 | 21000 | 987,000 |
About Cryogenic Ogs Limited Company
Cryogenic OGS Limited (COGSL), established in 1997, specializes in manufacturing equipment and systems for measurement and filtration for industries including oil, gas, chemicals, and allied fluid industries. Our customized solutions meet the specific needs of clients, maximizing efficiency and minimizing costs.
Our products include basket strainers, air eliminators, prover tanks, additive dosing skids, and truck loading/tank wagon loading skids. We have obtained quality certifications such as ISO 9001:2015, ISO 45001:2018 and ISO 14001:2015. Our adherence to standards like API, IS, ASME, and ATEX ensures product safety and quality.
We operate from Vadodara, Gujarat. Currently we have more than 70 tenders/quotations from domestic clients with quoted value of Rs 28.37 crores and 9 quotes from international customers with quoted value of Rs 26.76 crores, where our quoted bids have been accepted and we are waiting for the final purchase orders from them. We have a sales and marketing partnership with M/s KMC Oil and Gas Equipment LLC, Abu Dhabi, to expand our reach in the GCC countries.
Cryogenic Ogs Limited Financial Details
| Period Ended | March 2025 | March 2024 | March 2023 |
|---|---|---|---|
| Total Assets | 33.85 | 28.35 | 24.00 |
| Total Revenue | 33.79 | 25.67 | 22.71 |
| Profit After Tax | 6.12 | 5.35 | 4.08 |
| Net Worth | 28.99 | 22.86 | 17.52 |
| Reserves and Surplus | 18.49 | 22.40 | 17.02 |
| Total Borrowings | 0.00 | 0.00 | 0.00 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 5.12 | 23.49% | 21.81 | 26.61% | 29.04% |
Offer Objectives
The document details the offer objects related to the company's IPO. A minimum promoter's contribution of 20% of the post-issue capital is locked in for three years. For Nilesh Natvarlal Patel, 31,00,000 equity shares from a bonus issue are under lock-in until a specified date.
In addition to the minimum contribution, up to 73,91,600 equity shares held by promoters are locked in for one year. The entire pre-issue capital held by non-promoters, amounting to 8,400 equity shares, is also subject to a one-year lock-in from the date of allotment.
Certificates of locked-in equity shares will be marked as "Non-Transferable." Promoters can transfer locked-in shares to other promoters, the promoter group, or new promoters, subject to the continuation of the lock-in period. The issue size is up to 50,00,000 equity shares with a face value of ₹10 each. The IPO proceeds are intended to meet working capital needs and for general corporate purposes. ₹11.50 crore from the net proceeds will be allocated for working capital.
The company intends to meet its working capital requirement of ₹27.2782 crore, of which ₹11.50 crore will come from IPO proceeds and ₹15.7782 crore from internal accruals. Furthermore, they confirm compliance with regulations requiring firm financing arrangements for 75% of stated means of finance, excluding issue proceeds and existing internal accruals.
Company Details
Address:
60, 61, 62, 63 POR Industrial Park, Behind Sahyog Hotel, POR, Vadodara -391243, Gujarat, India
Phone: +91 98988 67136
Email: [email protected]
Website: http://www.cryogenicogs.com
IPO Registrar Details
Link Intime India Private Limited
Phone: +91 8108114949
Email: [email protected]
Website: https://linkintime.co.in
Offer Prospectus & Documents
Lead Managers
- Beeline Capital Advisors Private Limited
