Cryogenic Ogs IPO Upcoming
Already have an account? Apply now
Schedule of Cryogenic Ogs
| Issue open date | 03 Jul 2025 |
| Issue close date | 07 Jul 2025 |
| UPI mandate deadline | 07 Jul 2025 (5 PM) |
| Allotment finalization | 08 Jul 2025 |
| Refund initiation | 09 Jul 2025 |
| Share credit | 09 Jul 2025 |
| Listing date | 10 Jul 2025 |
| Mandate end date | 22 Jul 2025 |
| Lock-in end date for anchor investors (50%) | 07 Aug 2025 |
| Lock-in end date for anchor investors (remaining) | 06 Oct 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Cryogenic Ogs
Established in 1997, Cryogenic OGS, is a specialized manufacturer of measurement and filtration equipment for the oil, gas, chemicals and allied fluid industries. Founded by first-generation entrepreneurs with over 22 years of industry experience, the company operates from an 8,300 square meter facility in Vadodara, Gujarat.
The company’s product portfolio includes basket strainers, air eliminators, prover tanks, additive dosing skids, and truck loading skids, offering comprehensive solutions from design to manufacturing and testing. With ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certifications along with DNV fabricator capability certification, Cryogenic OGS Limited maintains compliance with international standards including API, ASME, and ATEX regulations.
The company has recently expanded internationally through a sales partnership targeting GCC markets while transitioning to turnkey project execution for enhanced customer service.
Financials of Cryogenic Ogs
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹17.77 crores |
| Fresh Issue | ₹17.77 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 11.50 (64.72%) |
| General corporate purposes | – |
Strengths
- Proprietary tech and quality materials ensure durable, high-value products.
- The company has an experienced promoters and management team with 22+ years in engineering, supported by a skilled workforce.
- ISO-certified for quality, environment, and safety; validated by third-party inspections.
- Strong supplier ties ensure timely, high-quality material supply and efficient inventory management.
- Stable customer base with long-standing ties to top oil & gas firms, built on quality and reliable delivery.
Risks
- Reliance on key suppliers and raw material price swings may affect costs and delivery timelines.
- Top 10 customers contributed ~89% of revenue in FY25; any loss could significantly impact financials.
- Air eliminators and metering skids contributed 57% of FY25 revenue; slowdown in demand or tech upgrades may hurt growth.
- Over 80% of FY25 revenue came from Gujarat and Maharashtra; regional risks may impact growth.
- Stringent audits and quality lapses may lead to order loss and reputational harm.
- Reliance on third party suppliers may cause delays, cost overruns, and quality risks.
- Past regulatory lapses and missing records may lead to future legal or reputational consequences.