Cryogenic OGS IPO is a book-built issue IPO, aiming to raise ₹17.77 crore. It comprises of a fresh issue of 37.80 lakh equity shares. The bidding window was open from July 3, 2025, to July 7, 2025, with the IPO allotment to be finalised on July 8, 2025. Cryogenic OGS is scheduled to list on BSE SME on July 10, 2025.
The IPO was priced at of ₹44-₹47 per share with a lot size of 3000 shares. The public issue received bids for 1,74,90,54,000 shares against 25,17,000 shares available, resulting in an overall subscription of 694.90 times. NIIs led the response, subscribing 1,155.38 times their quota, followed by retail investors at 773.70 times.
Cryogenic OGS' ₹17.77 crore IPO, priced at ₹44-₹47 per share, was subscribed 694.90 times overall. The IPO is an entirely a fresh issue of 37.80 lakh shares. Bidding took place from July 3 to July 7, 2025, with the Cryogenic OGS IPO allotment status on July 8, 2025. Retail investors subscribed 773.70 and NIIs 1,155.38 times. Listing is expected on July 10, 2025.
The table below breaks down the Cryogenic OGS share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 1,89,000 (5.00%) |
| QIB Shares Offered | 17,91,000 (47.38%) |
| − Anchor Investor Shares Offered | 10,74,000 (28.41%) |
| − QIB (Ex. Anchor) Shares Offered | 7,17,000 (18.97%) |
| NII (HNI) Shares Offered | 5,40,000 (14.29%) |
| Retail Shares Offered | 12,60,000 (33.33%) |
| Total Shares Offered | 37,80,000 (100.00%) |
Data Source: BSE
| Category | Subscription (times) |
| Qualified Institutional Buyer | 209.59 |
| Non-Institutional Investors | 1,155.38 |
| Retail Individual Investors | 773.70 |
| Total shares | 694.90 |
Note: The subscription details are as of July 7, 2025
Cryogenic OGS Limited, originally incorporated in 1997 as Mangukia Steel Private Limited, has undergone several name changes and structural transformations over the years. Most recently, it became a public limited company and was renamed Cryogenic OGS Limited in November 2023.
Headquartered in Vadodara, Gujarat, the company operates from a well-equipped facility spread across 8,300 square metres. Cryogenic OGS Limited specialises in manufacturing high-quality measurement and filtration equipment for industries such as oil, gas, chemicals, and other fluid-related sectors.
The company offers customised solutions through its in-house engineering, design, and fabrication capabilities, supported by software tools like Auto-CAD ELD. Its product range includes basket strainers, air eliminators, prover tanks, additive dosing skids, and truck loading skids.
With ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, Cryogenic OGS ensures quality, safety, and environmental standards across operations. It has also received fabrication capability certification from DNV. The company adheres to global standards including API, ASME, IS 2825, and ATEX regulations, ensuring reliable and precise product performance.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 7, 2025, 9:06 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and asset management, he simplifies complex financial concepts to help investors make informed decisions through his writing.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
