The Cryogenic OGS IPO received an overwhelming response from investors. It was oversubscribed significantly—646.47 times in just three days. The IPO opened on July 3 and closed on July 7.
The price band for this issue was set at ₹47 per share. Now, the allotment of shares is likely to be finalized today, Tuesday, July 8, 2025.
How to Check Cryogenic OGS IPO Allotment Status:
Investors who applied for the IPO can check the allotment status on the official websites of BSE and MUFG Intime India (formerly Link Intime), the registrar of this IPO, once the allotment is completed.
Apart from this, investors can also use the direct links below to check the Cryogenic OGS IPO allotment status online:
Check on BSE: https://www.bseindia.com/investors/appli_check.aspx
Check on MUFG Intime India: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Cryogenic OGS IPO Details:
This SME IPO, worth around ₹17.77 crore, includes a fresh issue of 37.8 lakh equity shares. There is no offer-for-sale (OFS) component in this issue. It remained open for subscription from Thursday, July 3, 2025, to Monday, July 7, 2025.
The IPO was priced between ₹44 and ₹47 per share, and the lot size was set at 3,000 shares. MUFG Intime India is handling the registrar work, while Beeline Capital Advisors is the sole book-running lead manager.
The company plans to use the funds raised for working capital needs and general corporate expenses.
What’s Happening in the Grey Market (GMP):
As per sources following the unofficial market, the shares of Cryogenic OGS are trading at ₹79 in the grey market. This gives it a grey market premium (GMP) of ₹32 per share, which is 68.09% above the upper issue price.
Cryogenic OGS, founded in 1997, manufactures and assembles high-quality measurement and filtration systems used in oil, gas, chemical, and related fluid industries.
Their solutions cover everything from design, process engineering, and manufacturing to fabrication, assembly, and testing. The company secures business mainly through competitive tenders and direct customer inquiries.
