Latest news with #CryogenicOGS
Business Standard
3 days ago
- Business
- Business Standard
BSE SME Cryogenic OGS turns up the heat with stellar market entry
Shares of Cryogenic OGS was trading at Rs 93.76 on the BSE, a premium of 99.49% compared with the issue price of Rs 47. The scrip was listed at Rs 89.30, a premium of 90% compared with the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 93.76 and a low of Rs 89.30. About 10.80 lakh shares of the company changed hands at the counter. Cryogenic OGS' IPO was subscribed 646.47 times. The issue opened for bidding on 3 July 2025 and it closed on 7 July 2025. The price band of the IPO was set at Rs 44 to Rs 47 per share. The IPO comprised fresh issue of 37,80,000 equity shares. The promoter and promoter group shareholding diluted to 73.53% from 100% pre-issue. The company intends to utilize the net proceeds to meet working capital requirements, public issue expenses and general corporate purposes. Ahead of the Cryogenic OGS on 2 July 2025, raised Rs 5.04 crore from anchor investors. The board has allotted 10.74 lakh shares at Rs 47 per share to 4 anchor investors. Cryogenic OGS provides high-quality measurement and filtration equipment and systems through fabrication and assembly for various sectors, including the oil, gas, chemical, and allied fluid industries. Focused on innovation and tailored services, the company offers customized solutions to meet the specific needs of its customers. The companys comprehensive solutions encompass design, process engineering and manufacturing including fabrication, assembly, and testing facilities. It uses AutoCAD ELD software, along with other supporting tools, to prepare detailed designs of its products. As of 31 March 2025, the company had 31 permanent employees. The company recorded revenue from operations of Rs 32.90 crore and net profit of Rs 6.12 crore for the period ended 31 March 2025.
Mint
5 days ago
- Business
- Mint
Cryogenic OGS IPO allotment to be finalised today. Latest GMP, steps to check share allotment status online
Cryogenic OGS IPO allotment in focus: The allotment for the Cryogenic OGS is expected to be finalized today, July 08. Investors can check their allotment status through the registrar, MUFG Intime India Private Limited (Link Intime), or the BSE website. The IPO, which was open for subscription from July 03 to July 07, saw a robust response from investors, being oversubscribed by 694 times. Specifically, the non-institutional investor (NII) segment was oversubscribed 1,155 times, while the retail portion was oversubscribed 773 times and the QIB was booked at 209 times. The IPO price was set at ₹ 47 per share. Given the high level of retail oversubscription, shares will be allocated to retail individual investors (RIIs) on a proportional basis. Those who do not receive an allotment can expect the refund process to start on July 09, 2025. Shares allotted will be credited to investors' demat accounts on the same day as the refunds. The SME IPO is expected to be listed on the BSE SME platform, with a tentative date of July 10, 2025. The company plans to use the net proceeds from the IPO to meet working capital requirements, general corporate purposes, and public issue expenses. Step 2: Choose 'Cryogenic OGS' in the Select Company dropdown menu. Step 3: Select among PAN, App. No., DP ID, or Account No. Step 4: Enter the details as per the option selected. Your Cryogenic OGS IPO allotment status will be displayed on the screen. Step 1: Visit the allotment page on BSE's official website: Step 2: Under 'Issue Type,' select 'Equity.' Step 3: Choose the IPO from the drop-down option under 'Issue Name.' Step 4: Enter the PAN or application number. Step 5: Click on 'I am not a robot' to confirm your identity, then hit the 'Submit' button. The allotment status will appear on your screen. Incorporated in September 1997, Cryogenic OGS Limited manufactures and assembles high-quality measurement and filtration equipment for industries such as oil, gas, chemicals, and related fluid sectors. The company focuses on innovative and tailored services for the oil, gas, chemical, and allied fluid industries and provides customized solutions to meet the specific needs of its customers. It provides design, process engineering, and manufacturing solutions, including fabrication, assembly, and testing facilities. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
News18
6 days ago
- Business
- News18
Cryogenic OGS IPO Allotment Today: GMP At 68%, Here's A Step-By-Step Guide To Check Allotment Status Online
The Cryogenic OGS IPO, which was open for public subscription between July 3 and July 7, receives a whopping 694.9x subscription. Cryogenic OGS IPO Allotment Status: The basis of allotment of the Cryogenic OGS IPO is expected to be finalised today, Tuesday, July 8, in the evening. Once finalised, investors can check allotment status online on the websites of BSE as well as registrar Link Intime. The IPO, which was open for public subscription between July 3 and July 7, received a whopping 694.9x subscription. Its retail quota was subscribed by an overwhelming 773.7 times. Its QIB and NII categories also received 209.59x and 1,155.38x subscriptions, respectively. Cryogenic OGS, founded in 1997, is a Vadodara-based manufacturer of customised measurement and filtration equipment for the oil, gas, chemical, and fluid industries. The Cryogenic OGS IPO allotment is expected to be finalised today, Monday, July 8, in the evening. Once finalised, the allotment status can be check by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Cryogenic OGS Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). Those who want to check their allotment status via PAN can select the 'Permanent Account Number' option. 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. You can also visit directly on the registrar Link Intime's portal — and check the Cryogenic OGS IPO allotment status. Cryogenic OGS IPO GMP Today According to market observers, unlisted shares of Cryogenic OGS Ltd are currently trading at Rs 79 against its upper IPO price of Rs 47. It means a grey market premium or GMP of Rs 32, which is 68.09% over its issue price, indicating strong listing gains for investors. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Cryogenic OGS IPO Listing Date The shares of Cryogenic OGS Ltd will be listed on the BSE SME platform on July 10. Cryogenic OGS IPO: More Info The Cryogenic OGS IPO, which is a bookbuilding of Rs 17.77 crore, is entirely a fresh issue of 37.80 lakh shares. The proceeds will be utilised towards meeting working capital requirements, general corporate purposes, and public issue expenses, as per the RHP. The company's revenue increased by 32% and profit after tax (PAT) rose by 15% between the financial year ending with March 31, 2025 and March 31, 2024. Beeline Capital Advisors Pvt Ltd is the book-running lead manager of the Cryogenic OGS IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the market maker for Cryogenic OGS IPO is Spread X Securities Private Limited.
Time of India
6 days ago
- Business
- Time of India
Cryogenic OGS IPO listing: Retail bids soar 774x, total issue subscribed 646 times; GMP hints at 68% listing pop on July 10
Cryogenic OGS pulled off a blockbuster IPO debut, with the Rs 17.77 crore issue subscribed an eye-popping 646.47 times by the close of bidding on Monday, July 7. Retail investors drove the frenzy, bidding for a staggering 773.80 times their quota. Tired of too many ads? go ad free now High-net-worth individuals followed with 674.34 times subscription, while qualified institutional buyers (QIBs) took up 209.59 times their portion—marking one of the most aggressive SME IPO responses in recent memory, according to an ET report. Grey market premium points to sharp debut The grey market premium (GMP) for Cryogenic OGS shares surged to Rs 32, up from Rs 26 earlier, pegging the potential listing price at Rs 79 versus the issue price of Rs 47—a 68.1% upside. The stock is set to debut on the BSE SME platform on July 10, with allotments expected to be finalised by July 8. The company, which designs precision filtration and measurement systems for oil, gas, and chemical clients, opened its book-built IPO on July 3 in the Rs 44–47 price band. The minimum bid required retail investors to apply for 6,000 shares, amounting to Rs 2.64 lakh at the upper end. Of the 37.80 lakh shares on offer, 1.89 lakh shares were reserved for market maker Spread X Securities, with the remaining 35.91 lakh offered to the public. The allocation breakdown: 47.38% for QIBs, 14.29% for NIIs, and 33.33% for retail investors. Anchor round, promoters and financials Ahead of the IPO, Cryogenic OGS raised Rs 5.05 crore from anchor investors on July 2, allotting 10.74 lakh shares. Half of these will be locked in till August 7, 2025, and the rest till October 6. Founded by Nilesh Natvarlal Patel, Kiranben Nileshbhai Patel, and Dhairya Patel, the Vadodara-based firm runs an 8,300-square metre manufacturing facility in Gujarat. Tired of too many ads? go ad free now Its product lineup includes basket strainers, air eliminators, prover tanks, dosing skids, and truck loading systems. As of March 2024, the company reported zero outstanding borrowings and a permanent workforce of 23 employees. For FY25, Cryogenic OGS posted Rs 33.79 crore in revenue and a net profit of Rs 6.12 crore, marking 32% and 15% growth, respectively, over the previous year. Beeline Capital Advisors is the book-running lead manager, and MUFG Intime India (formerly Link Intime) is the registrar to the issue.
Economic Times
6 days ago
- Business
- Economic Times
Cryogenic OGS IPO subscribed 646 times on final day; GMP hints at 68% listing pop
Tired of too many ads? Remove Ads GMP hints strong listing Tired of too many ads? Remove Ads Anchors, advisors and financials The Rs 17.77 crore initial public offering of Cryogenic OGS drew robust investor interest, with an overall subscription of 646.47 times by 05:30 PM on Monday, July 7, the final day of bidding. Backed by strong demand from retail and non-institutional investors, the SME issue is now headed for a likely sharp debut, with the grey market premium suggesting a 55% listing investors led the charge, subscribing to 773.80 times their allotted quota. Non-institutional investors followed with 674.34 times subscription, while the qualified institutional buyers ' (QIB) portion was taken up 209.59 grey market premium for Cryogenic OGS surged to Rs 32 by the end of the day, up from Rs 26 earlier. With the IPO priced at Rs 47 per share, the implied listing price now stands at Rs 79, indicating a potential gain of 68.1%.Cryogenic OGS, which manufactures precision measurement and filtration systems for the oil, gas, and chemical sectors, had opened its book-built IPO on July 3. The offering comprised 37.80 lakh fresh equity shares in the Rs 44–47 price band. At the upper end, retail investors had to shell out Rs 2.64 lakh for the minimum application of 6,000 the total shares on offer, 1.89 lakh were reserved for market maker Spread X Securities. The net offer to the public was 35.91 lakh shares, with 47.38% allocated to QIBs, 14.29% to NIIs, and 33.33% to retail IPO allotment is expected to be finalized on Tuesday, July 8, with listing scheduled on the BSE SME platform for Thursday, July of the IPO, Cryogenic OGS raised Rs 5.05 crore from anchor investors on July 2 by allotting 10.74 lakh shares. The anchor lock-in for 50% of these shares will expire on August 7, 2025, while the remainder will unlock on October Vadodara-based firm, founded by promoters Nilesh Natvarlal Patel, Kiranben Nileshbhai Patel and Dhairya Patel, operates an 8,300 square meter facility in Gujarat. Its products include basket strainers, air eliminators, prover tanks, dosing skids, and truck loading of March 2024, Cryogenic OGS had 23 permanent employees and zero outstanding borrowings. In FY25, the company posted a revenue of Rs 33.79 crore and net profit of Rs 6.12 crore, reflecting year-on-year growth of 32% and 15%, Capital Advisors is the book-running lead manager, and MUFG Intime India (Link Intime) is the registrar to the issue.
