Know everything about Cryogenic OGS IPO GMP today. Read expert insights on IPO price band, listing gain expectations, financials, and review of Cryogenic OGS Limited IPO 2025.

Cryogenic OGS IPO GMP: Price Band, Grey Market Premium & Complete Review

The Indian SME IPO space is buzzing once again, and this time, it’s with the launch of the Cryogenic OGS IPO. The company, known for its engineering precision in gas and liquid measurement systems, is opening its doors to public investors with a fresh IPO issue. Among the many metrics that retail and HNI investors are eyeing closely, one key indicator remains the Cryogenic OGS IPO GMP (Grey Market Premium).

In this blog, we’ll explore all the crucial details about the Cryogenic OGS IPO, including IPO dates, price band, GMP trends, business fundamentals, and expert insights. Whether you are aiming for short-term listing gains or looking at long-term potential, this post will provide a clear perspective.

Cryogenic OGS IPO GMP Dates and Details

Cryogenic OGS Limited is launching its SME IPO on the BSE SME platform with an issue size of approximately ₹17.77 crore. Here are the key dates and issue details:

• IPO Open Date: July 3, 2025
• IPO Close Date: July 7, 2025
• Allotment Date: July 8, 2025 (tentative)
• Listing Date: July 10, 2025 (tentative)
• Price Band: ₹44 to ₹47 per equity share
• Lot Size: 3,000 shares
• Minimum Investment: ₹1,41,000 per application (for retail investors)
• IPO Type: Book Built Issue
• Listing Exchange: BSE SME

The IPO is entirely a fresh issue, meaning the proceeds will go directly to the company for expansion and working capital.

About the Company: Cryogenic OGS Ltd

Established in 2014, Cryogenic OGS Limited is engaged in the design and manufacture of flow measurement and control systems used in the oil & gas, chemicals, and infrastructure sectors. Its major product offerings include:

• Air Eliminators
• Basket Strainers
• Dosing Skids
• Prover Tanks
• Gas Handling Skids
• Loading/Unloading Skid Systems

The company serves several government entities and PSU clients, including IOCL, BPCL, and other oil marketing companies.

With a robust manufacturing setup in Vadodara, Gujarat, the company has built a strong niche in the flow management and automation space—a field that is critical for India’s growing fuel and chemical handling systems.

Cryogenic OGS IPO GMP Today

One of the most discussed elements in any IPO is its Grey Market Premium (GMP). As of the opening day of the IPO, the Cryogenic OGS IPO GMP is around ₹20 to ₹22 per share.

Considering the upper price band of ₹47, the expected listing price could range between ₹67 to ₹69, indicating a potential listing gain of around 42%–47%. This reflects strong market sentiment and high investor interest even before the IPO closes.

However, investors must remember that GMP is an unofficial indicator and is not a guarantee of listing gains. It’s best used as a sentiment tracker rather than a valuation benchmark.

Financial Performance Overview

Before investing in any IPO, it’s critical to look at the company’s financial track record. Here’s how Cryogenic OGS has performed:

• Revenue (FY24): ₹33.8 crore (YoY growth of ~32%)
• Net Profit (FY24): ₹6.12 crore
• EBITDA Margin: Stable and healthy
• Debt: The company is debt-free, a significant positive for long-term sustainability

The growth in revenue and profitability, combined with a debt-free balance sheet, reflects operational efficiency and scalability.

IPO Objectives

The company intends to use the net proceeds from the IPO for:

• Meeting working capital requirements
• Funding capital expenditures
• General corporate purposes

This indicates that the company is looking to expand and strengthen its core business operations using investor capital.

Expert Review: Should You Apply?

Here’s a quick SWOT-style overview of the Cryogenic OGS IPO:

Positives:

• Niche industry presence with high technical barriers
• Debt-free status adds financial flexibility
• Strong order book and PSU clientele
• Reasonable pricing based on P/E multiples

Risks to Consider:

• SME IPOs are less liquid and more volatile post-listing
• The business is dependent on government and PSU orders
• High ticket size due to large lot size may limit retail participation

Verdict:

For investors with a moderate risk appetite, the Cryogenic OGS IPO appears to be a well-priced offer with a reasonable GMP and solid business fundamentals. Those looking for short-term listing gains can benefit from current GMP trends, while long-term investors may consider the IPO based on its growth potential in India’s energy infrastructure sector.

GMP vs. Fundamentals – What Matters More?

While GMP offers a quick peek into market sentiment, smart investors must go beyond and look at fundamentals. With increasing government investment in oil & gas, chemical, and ethanol logistics, Cryogenic OGS is well-positioned to grow. The company’s specialization in customized engineering products gives it an edge over general equipment suppliers.

But remember, IPOs—especially SME listings—can be highly speculative. GMP can fluctuate rapidly, and listing gains are never guaranteed. Always analyze the financials, order book strength, industry tailwinds, and post-listing liquidity before deciding.

Final Thoughts: Cryogenic OGS IPO GMP Outlook

The Cryogenic OGS IPO GMP has generated significant buzz in the SME segment, largely due to its robust GMP, sector focus, and healthy financials. With the GMP hovering around ₹20+, it suggests that market participants are optimistic about listing gains.

Still, investors must balance this sentiment with an understanding of risks, particularly around liquidity, order dependency, and post-issue volatility.

If you’re a retail investor with the ability to invest ₹1.4 lakh and are willing to hold through possible ups and downs, Cryogenic OGS IPO offers a strong mix of near-term returns and long-term potential.

 FAQs – Cryogenic OGS IPO GMP

1. What is the GMP of Cryogenic OGS IPO today?
   As of today, the Cryogenic OGS IPO GMP (Grey Market Premium) is approximately ₹20–₹22, indicating a potential listing price of ₹67–₹69 per share.
2. What is the Cryogenic OGS IPO price band?
   The price band for the Cryogenic OGS IPO is ₹44 to ₹47 per equity share.
3. What are the IPO opening and closing dates?
   The IPO opens on July 3, 2025, and closes on July 7, 2025.
4. When is the allotment date for Cryogenic OGS IPO?
   The allotment is expected to be finalized on July 8, 2025.
5. On which exchange will the Cryogenic OGS IPO be listed?
   The IPO will be listed on the BSE SME platform.
6. What is the lot size for the Cryogenic OGS IPO?
   The minimum lot size is 3,000 shares, requiring a minimum investment of ₹1,41,000 by retail investors.
7. Is Cryogenic OGS a good IPO to invest in?
   Cryogenic OGS IPO has shown strong GMP and financials, making it attractive for both short-term listing gains and long-term investors. However, SME IPOs carry higher risk and lower liquidity.
8. How can I apply for the Cryogenic OGS IPO?
   You can apply via your broker using UPI or ASBA through your net banking service under the IPO section.
9. What will the raised funds be used for?
   The company plans to use IPO proceeds for working capital, capital expenditures, and general corporate purposes.
10. Is GMP a reliable indicator for IPO success?
    While GMP reflects market sentiment, it is unofficial and unregulated. Investors should use GMP as a secondary indicator and make decisions based on the company’s fundamentals.