Cryogenic OGS came to market through an SME IPO that opened on 3 July 2025 and closed on 7 July 2025, and the shares listed on 10 July 2025 on BSE SME. The price band was ₹44 to ₹47 per share and one lot was 3000 shares, so the minimum application was ₹1,41,000. The issue size was ₹17.77 crore. The whole issue was fresh shares, so the money raised went to the company.
MUFG Intime India Private Limited (Link Intime) was the registrar to the issue, and Beeline Capital Advisors Pvt Ltd was the lead manager.
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Established in September 1997, Cryogenic OGS Limited produces and constructs superior quality measurement and filtration equipment for oil, gas, chemicals and allied fluid industries. The organization specializes in pioneering and customized services for oil, gas, chemicals and allied fluid industry and offers customized solutions to address the exact requirements of its clientele.The organization offers design, process engineering, and manufacturing solutions comprising fabrication, assembly, and testing facilities. Its product range features: Basket Strainers:
To be used in the removal of debris from pipelines, safeguarding pumps, valves, and other downstream equipment. Air Eliminators are needed for the removal of air and other gases from liquid systems to provide true metering and proper system operation. Prover Tanks: Employed for the calibration of the volume of flow meters to ensure exact measurement across different industrial uses. Additive Dosing Skid: Extremely versatile System for the fully automatic and continuous Dosing of additives into the product line.
Truck Loading/Tank Wagon Loading Skid (Liquid & Gas Skid): Liquid and gas skid for measurement, control and filtration. They employ Auto-CAD ELD software along with add-on software to design products.The manufacturing unit of the company is located in Vadodara, Gujarat over an area of 8300 Square meters.The company has acquired different registrations and certifications that strengthen its business and bring in prestigious customers.
Its quality management system is certified for manufacturing and supplying Chemical Dosing Skids, Additive Dosing Skids, Basket Strainers, Air Eliminators, Gas Metering Skids, Pressure Reduction Skids, Filtration Skids, Liquid Metering Skids, Provar Tanks, Additive Injection Panels, and Batch Blending Vessels.Moreover, the manufacturing plant and operations are ISO accredited for occupational health and safety management systems and a standard environmental management system. The company has 23 permanent staff as at March 31, 2024.
As described in the offer document.
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Mr. Nilesh Natvarlal Patel, Mrs. Kiranben Nileshbhai Patel, Mr. Dhairya Patel.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Cryogenic OGS IPO was a ₹17.77 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹44–₹47 per share with a lot size of 3,000 shares; the minimum retail application was 6,000 shares (₹2,82,000). The IPO was open from July 3 to July 7, 2025. Shares listed on BSE SME on July 10, 2025 at ₹89.30, a 90.0% premium to the issue price of ₹47. MUFG Intime India Private Limited (Link Intime) is the registrar.
Beeline Capital Advisors Pvt Ltd is the book running lead manager.
The price band of Cryogenic OGS IPO is ₹44 to ₹47 per share.
The lot size of Cryogenic OGS IPO is 3000 shares.
The minimum investment for Cryogenic OGS IPO is approximately ₹1,41,000 based on the upper price band.
The allotment date of Cryogenic OGS IPO is Jul 8, 2025.
Cryogenic OGS IPO's final recorded GMP before listing was ₹29 per share (a 62% premium over the ₹47 upper price band). The shares listed at ₹89.3. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Cryogenic OGS IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Cryogenic OGS IPO allotment status on Rupix for quick and easy access.
₹44 to ₹47 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 3000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,41,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,41,000, for one lot of 3000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 3 July 2025 and closed on 7 July 2025.
The basis of allotment was published on 8 July 2025 by MUFG Intime India Private Limited (Link Intime), and allotted shares were credited to demat accounts before listing.
The shares listed on 10 July 2025 on BSE SME.
The issue size was ₹17.77 crore. The fresh issue was 37,80,000 shares (aggregating up to ₹17.77 crore).