31 Mar 2023
Assets24.00
Total Income22.71
EBITDA5.65
Profit After Tax4.08
NET Worth17.52
Reserves and Surplus17.02
Total Borrowing0.00
At a glance
Updated 2026-09-11The shares listed at ₹89.30, a 90.00% move from the issue price. Cryogenic OGS is a SME IPO with an issue size of ₹17.77 crore, proposed for listing on BSE SME. The offer opens on 3rd Jul 2025 and closes on 7th Jul 2025. The issue structure includes a fresh issue of ₹16.88 crore. The current listing schedule points to 10th Jul 2025.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹17.77 Cr
Fresh issue₹16.88 Cr
Face value₹10
Price band₹44.00–₹47.00
Allotment8th Jul 2025
Listing10th Jul 2025
Listing performance
Full performance ↗Issue price₹47.00
Listing price₹89.30
Current price—
Listing gain90.00%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹38.00
GMP / upper price80.85%
Est. listing₹85.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens3rd Jul 2025
Closes7th Jul 2025
Allotment8th Jul 2025
Refund9th Jul 2025
Demat9th Jul 2025
Listing10th Jul 2025
Subscription demand
Full bidding ↗Total694.90×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 6000 | ₹282,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| To meet working capital requirements | ₹11.50 Cr |
| General Corporate Purposes | ₹3.96 Cr |
| Public Issue Expenses | ₹2.30 Cr |
| Total | ₹17.77 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue33.79₹ Cr · +31.6% vs prior year
EBITDA7.96₹ Cr · +24.6% vs prior year
PAT6.12₹ Cr · +14.4% vs prior year
Assets33.85₹ Cr · +19.4% vs prior year
Net Worth28.99₹ Cr · +26.8% vs prior year
Borrowing0.00₹ Cr
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets28.35
Total Income25.67
EBITDA6.39
Profit After Tax5.35
NET Worth22.86
Reserves and Surplus22.40
Total Borrowing0.00
31 Mar 2025
Assets33.85
Total Income33.79
EBITDA7.96
Profit After Tax6.12
NET Worth28.99
Reserves and Surplus18.49
Total Borrowing0.00
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 23.62% |
| ROCE | 28.93% |
| RoNW | 21.12% |
| PAT Margin | 18.61% |
| EBITDA Margin | 24.20% |
| Price to Book Value | 1.7 |
Valuation & shareholding
Pre-IPO EPS5.83
Post-IPO EPS4.29
Pre-IPO P/E8.06
Post-IPO P/E10.96
Promoter holding pre100%
Promoter holding post73.52%
Market cap₹67.12 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Cryogenic OGS IPO | — | 10.96 x | — | — |
| Gulf Lloyds IPO | — | 15.64 x | — | — |
| Teja Engineering IPO | — | 35.16 x | — | — |
| Positron Energy IPO | — | 21.62 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| To meet working capital requirements | ₹11.50 Cr |
| General Corporate Purposes | ₹3.96 Cr |
| Public Issue Expenses | ₹2.30 Cr |
| Total | ₹17.77 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- Beeline Capital Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-11.
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