Cryogenic OGS Limited is a Gujarat-based engineering solutions provider specializing in the design, fabrication, and assembly of precision metering and filtration systems for industries dealing with oil, gas, chemicals, and other allied fluids.
🏭 Custom-Engineered Excellence
Operating from a sprawling 8,300 sq. meter manufacturing hub in Vadodara, the company handles everything in-house—from design and process engineering to testing and final assembly. This full-spectrum production model enables exceptional quality control and tailor-made solutions for each client.
🔧 Diverse Product Portfolio
- Strainer cum Air Eliminator – For clean, uninterrupted pipeline flow
- Prover Tanks – Industry-standard for flow meter calibration
- Additive Dosing Skids – Seamlessly inject chemicals into fuel pipelines
- Truck/Wagon Loading Skids – Enable efficient liquid & gas transfers
- Natural Gas Metering Skids – Blend, measure, and condition gas for downstream needs
- Hydrogen & Biofuel Blending Units – Powering green energy transitions
🌐 Global Footprint
While deeply rooted in India, Cryogenic OGS has spread its wings internationally. It currently exports to Singapore, Nigeria, Mauritius, Kenya, and Oman and has a marketing alliance with KMC Oil and Gas Equipment LLC in the UAE for outreach across the GCC countries.
🧪 Certified Quality & Innovation
Cryogenic OGS is ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certified, underscoring its commitment to product excellence, occupational safety, and environmental responsibility.
👷 Human Capital
As of March 31, 2025, Cryogenic employs 31 permanent staff and a robust network of contractual labor. Their skilled team collaborates closely with clients to deliver efficient, project-based solutions—no mass production, just pure precision.
Cryogenic OGS IPO – Details
| IPO Opening Date | 03 July 2025 |
| IPO Closing Date | 07 July 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 37,80,000 Shares Worth ₹17.77 Crore Fresh Issue: 37,80,000 Shares Worth ₹17.77 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹44 – ₹47 per share |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares ( 1 Lot ) |
| Listing At | BSE SME |
| Registrar | MUFG Intime India Private Limited ((Link Intime) |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Cryogenic OGS IPO – Date Schedule
| IPO Open Date | 03 July 2025 |
| IPO Close Date | 07 July 2025 |
| Basis of Allotment | 08 July 2025 |
| Initiation of Refund | 09 July 2025 |
| Credit of Shares to Demat | 09 July 2025 |
| IPO Listing Date | 10 July 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 07, 2025 |
Cryogenic OGS IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,41,000 |
| Retail (Max) | 1 | 3000 | ₹1,41,000 |
| HNI (Min) | 2 | 6000 | ₹2,82,000 |
Competitive Strengths
- Strong and Unique Product Technology.
- Experienced Promoters, Management, and a well-trained employee base.
- Consistency in Quality and Service Standards.
- Established Relationships with Suppliers.
- Stable Customer Base.
Company Promoters
- Mr. Nilesh Natvarlal Patel
- Mrs. Kiranben Nileshbhai Patel
- Mr. Dhairya Patel
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹227.09 Cr | ₹172.32 Cr | ₹4.08 Cr | ₹0.00 Cr |
| 31 March 2024 | ₹256.73 Cr | ₹185.54 Cr | ₹5.35 Cr | ₹0.00 Cr |
| 31 March 2025 | ₹337.91 Cr | ₹255.24 Cr | ₹6.12 Cr | ₹0.00 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 26.61 |
| ROCE | 29.04 |
| RoNW | 23.49% |
| PAT Margin | 22.17% |
| EBITDA Margin | 26.33% |
| Price to Book Value | 2.15 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.12 | 3.77 |
| P/E (x) | 9.18 | 12.48 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| To Meet Working Capital Requirements | ₹11.50 |
| General Corporate Purposes | |
| Public Issue Expenses |
Cryogenic OGS IPO Peer Comparison
| S.No. | Face Value | Company Name | P/E |
|---|---|---|---|
| 1 | 10 | Loyal Equipments Limited | 26.21 |
✅Strengths
- ISO-certified in-house manufacturing unit.
- Customized solutions for oil & gas industries.
- Export presence in GCC, Africa, and Asia.
- Experienced promoters.
- Consistent revenue & profit growth.
⚠️Risks
- High working capital needs.
- Customer concentration risk.
- Single-location manufacturing.
- Intense industry competition.
- Fluctuating input & utility costs.
Cryogenic OGS IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Cryogenic OGS IPO Prospectus
Company Contact Information
| Cryogenic OGS Limited 60, 61, 62, 63 POR Industrial Park Behind Sahyog Hotel, POR Vadodara, Gujarat, 391243 Phone: +91 98988 6713 Email: cs@cryogenicogs.com Website: https://www.cryogenicogs.com/ |
Cryogenic OGS IPO Registrar
| MUFG Intime India Private Limited ((Link Intime) Phone: +91-22-4918 6270 Email: cryogenic.smeipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Cryogenic OGS IPO Lead Manager(s)
| 1. Beeline Capital Advisors Private Limited |
Cryogenic OGS IPO FAQ
| What is Cryogenic OGS IPO? Cryogenic OGS IPO is a SME IPO. The issue is priced at ₹44 to ₹47 per equity share. The IPO is to be listed on BSE SME. |
| When Cryogenic OGS IPO will open? The IPO is to open on 03 July 2025 for QIB, NII, and Retail Investors. |
| What is Cryogenic OGS IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Cryogenic OGS IPO? You can apply Cryogenic OGS IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Cryogenic OGS IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Cryogenic OGS IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Cryogenic OGS IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Cryogenic OGS IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Cryogenic OGS IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Cryogenic OGS IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Cryogenic OGS IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Cryogenic OGS IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is the Cryogenic OGS IPO Size? Cryogenic OGS IPO size is ₹17.77 Crore. |
| What is the Cryogenic OGS IPO Price Band? Cryogenic OGS IPO Price Band is ₹44 to ₹47. |
| What is Cryogenic OGS IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 3000 Shares with ₹1,41,000 amount while the maximum bid is 3000 Shares with ₹1,41,000. |
| What is the Cryogenic OGS IPO Allotment Date? Cryogenic OGS IPO allotment date is 08 July 2025. |
| What is the Cryogenic OGS IPO Listing Date? Cryogenic OGS IPO listing date is 10 July 2025. The IPO is to be listed on the BSE SME. |
