Cryogenic OGS IPO

Cryogenic OGS Ltd

₹1,32,000 /3000 sharesMinimum Investment

Cryogenic OGS IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹47.00₹89.30₹42.30 (90.00%)

Cryogenic OGS IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
3 Jul ‘25 - 7 Jul ‘25₹2,64,0003,000₹44 - ₹47
Issue SizeIPO Doc
17.77Cr
RHP PDF

Subscription rate

As of 07 Jul'25, 04:00 PM
Qualified Institutional Buyers192.85x
Non-Institutional Investor1,003.37x
Retail Individual Investor0.00x
Total399.05x

About Cryogenic OGS

Cryogenic OGS Limited is a manufacturing company specialising in equipment and systems for measurement and filtration in industries like oil, gas, chemicals, and allied fluid sectors. The company’s primary products include basket strainers, air eliminators, prover tanks, additive dosing skids, and truck loading/tank wagon loading skids. These products are designed for various industrial applications, such as filtration, metering, and flow measurement. The company operates from its production facility in Vadodara, Gujarat. The facility is equipped with machinery for fabrication, assembly, and testing, and features a quality control department for conducting various tests, including chemical, mechanical, and non-destructive testing. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: To fund the working capital requirements. General corporate purposes. ;
Founded in
1997
Managing director
Mr Nilesh Natvarlal Patel
Parent organisation
Cryogenic OGS Ltd

Strengths & Financials of Cryogenic OGS

Strengths
Risks
Cryogenic OGS claims to have developed a strong technological foundation, enabling the creation of a diverse range of products tailored to meet the specific requirements of clients in industries like oil, gas, and chemicals. The company further claims that its products are made from high-quality materials designed for durability, ensuring long-term reliability in performance.
The company claims to have fostered strong, reliable partnerships with suppliers, ensuring a consistent supply of quality materials. The company further states that this enables it to effectively manage inventories and deliver products on time.
The company claims to have built long-term relationships with prominent clients in the oil and gas industry. It further states that its consistent focus on quality, timely delivery, and technological advancements has helped it secure a stable and expanding customer base over the years.
The company is ISO 9001:2015 certified for its quality management systems, ISO 45001:2018 certified for its occupational health and safety management, and ISO 14001:2015 certified for its environmental management systems.
The company has reported a consistent increase in profit after tax (PAT). It increased from Rs 3.28 crore in FY22 to Rs 4.08 crore in FY23 and Rs 5.38 crore in FY24.
The cost of materials consumed accounted for Rs 14.21 crore (58.57 percent) of the company’s revenue in FY24, Rs 11.70 crore (53.12 percent) in FY23, and Rs 16.15 crore (69.22 percent) in FY22. Any increase in the cost of raw materials or a shortfall in the supply could adversely affect the company’s business, results of operations, and financial condition.
The top five customers accounted for 73.21 percent, 68.78 percent, and 68.02 percent of the company’s revenue in FY24, FY23, and FY22, respectively. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients can adversely affect the company’s business and financial standing.
A significant portion of the company’s revenue is derived from Gujarat and Maharashtra. Gujarat accounted for Rs 12.64 crore (52.10 percent) of the company’s revenue in FY24, Rs 8.81 crore (40.02 percent) in FY23, and Rs 4.72 crore (20.22 percent) in FY22. Maharashtra accounted for Rs 8.84 crore (36.44 percent) of the company’s revenue in FY24, Rs 5.65 crore (25.67 percent) in FY23, and Rs 11.90 crore (51.03 percent) in FY22. Any adverse political, social, or economic developments in these regions could negatively impact the company’s business and finances.
The company, its promoters, and directors are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could hurt the company’s business prospects.
The company reported negative cash flow from investing activities amounting to Rs 1.33 crore in FY24, Rs 0.08 crore in FY23, and Rs 0.81 crore in FY22. Additionally, negative cash flow from financing activities amounted to Rs 0.12 crore in FY24, Rs 1.74 crore in FY23, and Rs 0.78 crore in FY22. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
Cryogenic OGS is exposed to foreign exchange risk due to its import of raw materials from the US and export of products to countries like Singapore, the US, Mauritius, Malta, Nigeria, and Kenya. Any adverse changes in exchange rates could hurt the company’s financial condition.
The company depends on third-party transportation for the delivery of both raw materials and finished goods. Any disruption in transportation services could delay deliveries and damage goods, negatively impacting the company's operations and reputation. Moreover, any increase in freight costs or shortages in transportation availability may further affect the company’s ability to meet its supply chain and customer demands efficiently.

Cryogenic OGS Financials

*All values are in Rs. Cr
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Application Details of Cryogenic OGS IPO

Apply asPrice bandApply upto
Regular44 - 47₹2 - 5 Lakh
High Networth Individual44 - 47₹2 - 5 Lakh
For Cryogenic OGS IPO, eligible investors can apply as Regular.