Cryogenic OGS IPO GMP Soars After 694x Subscription; Becomes Fourth Most Subscribed SME IPO Of 2025
Cryogenic IPO was booked 694.90 times on Monday, becoming the fourth most subscribed SME IPO of 2025.
The initial public offering of Cryogenic OGS Ltd. was subscribed nearly 695 times on the third and final day of bidding on July 7. The demand for the issue was led by Non-Institutional Buyers who bid for 62,39,07,000 shares against the 5,40,000 on offer.
The initial public offering of Cryogenic OGS Ltd. became the 4th most subscribed SME IPO of 2025. IPOs of SatKartar Shopping (952x subscription), Fabtech Technologies (740x subscription), and Chamunda Electrical (738x subscription) were the top three most subscribed SME IPOs of 2025 so far.
The surge in the subscription numbers also saw the grey market premium for the Cryogenic OGS touch its highest since the SME issue opened for subscription on July 3.
After the end of the subscription period, the Cryogenic OGS IPO share allotment status will be finalised today.
Cryogenic OGS IPO GMP Today
According to InvestorGain, the GMP for the Cryogenic OGS IPO was Rs 32 apiece as of 7:33 a.m. on July 8. The latest GMP indicates an estimated listing price of Rs 79 apiece for Cryogenic OGS shares. As per the latest GMP, the stock is likely to be listed at a premium of 68.09% over the upper end of the issue price.
According to the GMP trends, the current grey market premium for the SME issue is the highest seen so far. The lowest GMP for the Cryogenic IPO was Rs 20 when the issue opened for subscription on July 3.
Note: GMP does not represent official data and is based on speculation.
Cryogenic OGS IPO Subscription
The IPO was booked 694.90 times on Monday
Qualified Institutions: 209.59 times
Non-Institutional Buyers: 1,155.38 times
Retail Investors: 773.70 times
All About Cryogenic OGS IPO
The Cryogenic OGS IPO was a book-building issue of Rs 17.77 crore. It comprised a fresh issuance of 37.8 lakh shares.
The price band for the IPO was set between Rs 44 and Rs 47 per share.
Retail investors could invest by bidding for two lots consisting of 6,000 shares. This amounted to an investment of Rs 2,64,000. High Net-Worth Individuals (HNIs) were required to bid for at least three lots, requiring an investment of Rs 4,23,000.
The subscription window for the Cryogenic OGS IPO opened for bidding on July 3. The company will transfer shares to the Demat accounts of successful bidders on July 9, and refunds will also be processed the same day.
Shares of Cryogenic OGS are scheduled to be listed on the BSE SME platform on July 10.
Beeline Capital Advisors Pvt. is the book-running lead manager of the Cryogenic OGS IPO. MUFG Intime India Pvt. is the registrar and Spread X Securities Pvt. is the market maker for the issue.
Use Of Proceeds
The company will use proceeds from the IPO to meet working capital requirements and for general corporate purposes.
About Cryogenic OGS
The company manufactures equipment that is used for fluid control, filtration and metering. It caters to industries such as oil and gas, petrochemicals, and liquor. The company was incorporated in 1997.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
