Cryogenic OGS IPO Sees Blockbuster Demand, Subscribed 694.9 Times on Final Day

Cryogenic OGS' initial public offering (IPO) has demonstrated extraordinary investor demand through its third and final day of subscription, with Cryogenic OGS' stock price set at ₹47 per share reflecting overwhelming market reception. The ₹17.77 crore IPO surged spectacularly to 694.90 times by 5:04:33 PM on day three, indicating exceptional investor interest in this measurement and filtration equipment manufacturer incorporated in September 1997.

Cryogenic OGS IPO non-institutional investors segment leads with phenomenal 1,155.38 times subscription, whilst individual investors demonstrate exceptional participation at 773.70 times and qualified institutional buyers show robust interest at 209.59 times, reflecting tremendous investor confidence in this company.

Cryogenic OGS IPO subscription reached an exceptional 694.90 times on day three, led by NII (1,155.38x), Individual Investors (773.70x), and QIB (209.59x). Total applications reached 1,91,388.

Subscription Status of Cryogenic OGS IPO:

Here are the subscription details for Cryogenic OGS IPO as of Day 3 (July 7, 2025, 5:04:33 PM):

Key Highlights - Day 3: 

• Overall subscription reaching an exceptional 694.90 times, a massive surge from day two's 99.67 times
• NII segment leading with phenomenal demand at 1,155.38 times, dramatically increasing from day two's 124.42 times
• Individual investors demonstrating exceptional participation at 773.70 times, substantially building from day two's 138.43 times
• QIB segment showing robust interest at 209.59 times, significantly jumping from day two's 12.91 times
• The final day witnessed extraordinary participation across all investor categories
• Total applications reached 1,91,388, indicating massive investor participation for this SME IPO
• The cumulative bid amount reached ₹8,220.55 crores against the issue size of ₹17.77 crores

Cryogenic OGS IPO - Day 2 Subscription at 99.67 Times

Key Highlights - Day 2:

• Overall subscription improving dramatically to 99.67 times from day one's 24.69 times
• Individual investors showing strong growth at 138.43 times, building momentum from day one's 36.92 times
• NII segment demonstrating solid participation at 124.42 times, significantly increasing from day one's 24.30 times
• QIB segment showing steady progress at 12.91 times, building from day one's 3.51 times

Cryogenic OGS IPO - Day 1 Subscription at 24.69 Times

Key Highlights - Day 1:

• Overall subscription opening strongly at 24.69 times, showing encouraging initial investor interest
• Individual investors leading early participation at 36.92 times, indicating strong confidence
• NII segment demonstrating solid early interest at 24.30 times, reflecting positive high-net-worth participation
• QIB segment showing modest participation at 3.51 times, indicating measured institutional sentiment

About Cryogenic OGS IPO

Incorporated in September 1997, Cryogenic OGS Limited manufactures and assembles high-quality measurement and filtration equipment for oil, gas, chemicals, and allied fluid industries. The company provides customized solutions including basket strainers, air eliminators, prover tanks, additive dosing skids, and truck loading systems through design, process engineering, and manufacturing capabilities. Operating from an 8,300 square meter facility in Vadodara, Gujarat, the company employs 23 permanent personnel as of March 2024.
Financial performance shows strong growth with revenue increasing 32% from ₹25.67 crores in FY2024 to ₹33.79 crores in FY2025, whilst profit after tax rose 15% to ₹6.12 crores. The company maintains excellent profitability metrics with 23.62% ROE, 28.93% ROCE, 18.61% PAT margin, 24.20% EBITDA margin, and operates debt-free.