Know all about the Cryogenic OGS IPO – price band, grey market premium (GMP), subscription status, allotment, and expert opinion. Should you apply?
🧪 What is Cryogenic OGS?
Cryogenic OGS Limited is a specialized engineering and gas solutions company engaged in manufacturing cryogenic equipment, storage tanks, and providing industrial gas infrastructure services. The company serves sectors like oil & gas, pharma, chemicals, and food processing, offering tailor-made cryogenic systems and oxygen/nitrogen gas solutions.
📅 Cryogenic OGS IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | July 4, 2025 |
| IPO Close Date | July 8, 2025 |
| Issue Type | Book Built Issue |
| Issue Size | ₹186.4 crore (Fresh + OFS) |
| Price Band | ₹155 – ₹165 per share |
| Lot Size | 90 shares |
| Listing Exchange | NSE, BSE |
| Allotment Date | July 9, 2025 (Expected) |
| Listing Date | July 11, 2025 (Tentative) |
💸 Grey Market Premium (GMP)
As of today (July 3, 2025), the Cryogenic OGS IPO GMP is ₹22, indicating a 13.3% premium over the upper band price of ₹165. Based on current trends, the estimated listing price could be around ₹187 per share.
GMP trends have remained stable over the past 3 days, showing moderate interest among retail and HNI investors.
📊 Subscription Status (Day 1 Early Trend)
| Category | Subscription (Approx.) |
|---|---|
| QIB | 0.12x |
| NII | 0.55x |
| Retail | 1.08x |
| Total | 0.62x |
Final subscription data will be available at the end of the bidding window. Early traction shows retail investors are more active.
🧾 Financial Snapshot
- FY24 Revenue: ₹310 crore
- Net Profit: ₹38.5 crore
- EBITDA Margin: 17.6%
- Debt-to-Equity Ratio: 0.26x
The company has shown consistent revenue growth and improved margins, with solid order book visibility for FY26.
🧐 Expert Review – Should You Apply?
- Pros:
- Strong demand in industrial gas and cryogenic segment.
- Low debt, improving financials.
- Government push for oxygen infrastructure and LNG storage.
- Risks:
- Highly specialized niche.
- Dependency on capital-intensive projects.
- Market linked volatility post-listing.
🔍 Verdict: Most analysts recommend a “Subscribe for Listing Gains” or “Long-term Hold” due to promising sector demand and stable financials.
❓ FAQs on Cryogenic OGS IPO
Q1. What is the Cryogenic OGS IPO GMP today?
It is ₹22 as of July 3, 2025.
Q2. What is the lot size for this IPO?
Investors can apply for a minimum of 90 shares per lot.
Q3. When is the Cryogenic OGS IPO listing date?
Tentatively on July 11, 2025, on NSE and BSE.
Q4. Is Cryogenic OGS a good company to invest in?
Yes, it has a growing niche business with steady financials, but investors should consider market risks.
📢 Disclaimer:
This content is for informational purposes only and does not constitute investment advice. Please consult a SEBI-registered advisor before making any investment decisions. IPOs are subject to market risk.
