Cryogenic OGS Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Cryogenic OGS Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹47
Per ShareLot Size
3000 Shares
Minimum Investment
₹1,41,000
Issue Size
₹17.77 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Cryogenic OGS Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
73.53%
Issue Type
Book Building - SME
ISIN
INE0TL001013
About the Company
Cryogenic OGS Limited provide high-quality measurement and filtration equipment and systems by fabrication and assembling for various sectors like oil, gas, chemicals and allied fluid industry. Focused on innovative and tailored services, for oil, gas, chemicals and allied fluid industry, we provide customized solutions to meet the specific needs of our customers. Our team of experts works closely with clients to understand their unique requirements, developing tailored strategies that maximize efficiency and minimize costs.
Industry Overview
We are primarily engaged in the high-quality measurement and filtration equipment and systems by fabrication and assembling for various sectors like oil, gas, chemicals and allied fluid industry.
Company History
Our Company was originally incorporated on September 05, 1997 under the name and style of `MANGUKIA STEEL PRIVATE LIMITED', pursuant to a certificate of incorporation dated September 05, 1997 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Further, our Company changed its name to `CRYOGENIC LIQUIDE PRIVATE LIMITED' pursuant to a resolution passed by the Shareholders in an Extraordinary General Meeting held on March 21, 2011, with a fresh certificate of incorporation dated April 27, 2011 issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli, Later on, our Company changed its name to `CRYOGENIC OGS PRIVATE LIMITED' again pursuant to a resolution passed by the Shareholders at the Annual General Meeting held on September 30, 2023, with a fresh certificate of incorporation dated October 20, 2023 issued by Registrar of Companies, Ahmedabad. Furthermore, our Company was converted into a public limited company pursuant to a resolution passed by the Shareholders in an Extraordinary General Meeting held on November 01, 2023, with a fresh certificate of incorporation dated November 10, 2023 issued by Registrar of Companies, Ahmedabad. Consequently, the name of our Company was changed to `CRYOGENIC OGS LIMITED'. The corporate identification number of our Company is U25121GJ1997PLC032955.
Products & Services
- Cryogenic OGS Limited provides high-quality measurement and filtration equipment and systems by fabrication and assembling for various sectors like oil, gas, chemicals and allied fluid industry.
Growth Strategy
- Fostering Strategic Partnerships.
- Embracing Emerging Technologies.
- Maintaining a Customer-Centric Approach.
- Expansion of our business to Global markets.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of 37,80,000 equity shares of face value of Rs. 10/- each of Cryogenic OGS Limited ("COGSL") or the "Company" or the "Issuer") for cash at a price of Rs. 47 per equity share including a share premium of Rs. 37/- per equity share (the "Issue Price") aggregating to Rs. 17.77 crores ("The Issue"), of which 1,89,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 47/- per equity share including a share premium of Rs. 37/- per equity share aggregating to Rs. 0.89 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 35,91,000 equity shares of face value of Rs. 10/- each at a price of Rs. 47- per equity share including a share premium of Rs. 37/- per equity share aggregating to Rs. 16.88 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.47 %and 25.15%, respectively, of the post issue paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.
- Any increase in the cost of its raw material or a shortfall in the supply of the company raw materials, may adversely affect the pricing and supply of its products and have an adverse effect on the company business, results of operations and financial condition.
- Its top five customers contribute majority of our revenues from operations. Any loss of business from one or more of them may adversely affect the company revenues and profitability.
- The company is significantly dependent on the sale of Air eliminators and oil and gas metering skids. An inability to anticipate or adapt to evolving up gradation of the required products or inability to ensure product quality or reduction in the demand of these products may adversely impact its revenue from operations and growth prospects
- Majority of its Revenue from Operation (RFO) is generated from state of Gujarat and Maharashtra. Any adverse development affecting the company operations in this region could have an adverse impact on its business, financial condition and results of operations.
- The company is subject to strict quality requirements, customer inspections and audits, and any failures to comply with quality standards may lead to cancellation of existing and future orders and could negatively impact its reputation and the company business and results of operations and future prospects.