Latest news with #CryogenicOGSLimited
Indian Express
03-07-2025
- Business
- Indian Express
Cryogenic OGS IPO subscription begins: Check price band, latest GMP, allotment and listing date
Cryogenic OGS IPO: The subscription for the initial public offering of Cryogenic OGS Limited opened Thursday (July 3). The three-day subscription will close on July 5. The Cryogenic OGS IPO has a price band of Rs 44 to Rs 47. According to multiple websites that track grey market activities, Cryogenic OGS Limited's shares are commanding a premium of Rs 20. This translates into a GMP of 42.55 per cent. According to the details available, Cryogenic OGS Limited is likely to be finalised on July 8. The allotment status will be released online on the official website of the registrar — Link Intime India Private Limited. Besides, the allotment status will also be made available on the official websites of the Bombay Stock Exchange (BSE). Cryogenic OGS Limited's shares are proposed to be listed on BSE. The listing will likely take place on July 10. Cryogenic OGS Limited IPO face value is Rs 10 and the tick size is Re 1. Beeline Capital Advisors Private Limited is the book running lead manager of Cryogenic OGS IPO. The sponsor bank of Cryogenic OGS IPO is Axis Bank. The total issue size of Cryogenic OGS IPO is 37,80,000. The Cryogenic OGS IPO has a lot size of 3000 equity shares. According to the PTI, the Cryogenic OGS Limited is a comprehensive solutions provider, offering end-to-end services in design, process engineering, manufacturing, and assembly. The company supplies critical products such as basket strainers, air eliminators, Truck and Wagon Loading Skids to oil and gas terminal Automation Project throughout India, serving major industry players.
The Wire
02-07-2025
- Business
- The Wire
Cyrogenic OGS Limited IPO Opens on July 3, 2025
New Delhi [India], July 2: Cryogenic OGS Limited is a comprehensive solutions provider, offering end-to-end services in design, process engineering, manufacturing, and assembly. The company supplies critical products such as basket strainers, air eliminators, Truck and Wagon Loading Skids to oil and gas terminal Automation Project throughout India, serving major industry players. Cyrogenic OGS Limited proposes to open its Initial Public Offering on Thursday, July 3, 2025 aiming to raise ₹ 17.77 Crore (At Upper Price Band), with shares to be listed on the BSE SME platform. Highlights: • Total Issue Size – 37,80,000 Equity Shares of ₹ 10 each • IPO Size - ₹17.77 Crore (At Upper Band) • Price Band - ₹ 44 - ₹ 47 Per Share • Lot Size - 3,000 Equity Shares Equity Share Allocation • Anchor Portion – Not more than 10,74,000 Equity Shares • Qualified Institutional Buyer – Not more than 7,17,000 Equity Shares • Non-Institutional Investors - Not less than 5,40,000 Equity Shares • Individual Investors - Not less than 12,60,000 Equity Shares • Market Maker - 1,89,000 Equity Shares The net proceeds from the ipo will be utilized to meet the company's working capital needs and general corporate purpose. The anchor portion will open on July 2, 2025 and issue will close on July 07, 2025. The Book Running Lead Manager to the Issue is Beeline Capital Advisors Private Limited, and MUGF Intime India Private Limited is the Registrar to the Issue. Mr., Nilesh Natwarlal Patel Chairman and Managing Director, Cyrogenic OGS Limited, stated, 'This IPO marks a pivotal moment in our journey. With increased capital, we aim to strengthen our operations and expands market reach.' About Cryogenic OGS Limited: Cryogenic OGS Limited is a comprehensive solutions provider, offering end-to-end services in design, process engineering, manufacturing, and assembly. The company supplies critical products such as basket strainers, air eliminators, Truck and Wagon Loading Skids to oil and gas terminal Automation Project throughout India, serving major industry players. The company has obtained multiple registrations and certifications that strengthen business and enhance company's ability to secure orders from prestigious clients. The quality management system is ISO 9001:2015 certified for the manufacture and supply of various products, including Chemical Dosing Skids, Additive and Blue Dye Dosing Skids, Basket Strainers, Strainer-cum-Air Eliminators, Air Eliminators, Vapour Eliminators, Gas Metering Skids, Pressure Reduction Skids, Filtration Skids, Liquid Metering Skids, Prover Tanks, Additive Injection Panels, and Batch Blending Vessels. Additionally, our manufacturing facility and processes are ISO 45001:2018 certified for Occupational Health and Safety Management Systems, and ISO 14001:2015 certified for adhering to standard Environmental Management Systems. In FY25, The Company achieved a Revenue of ₹ 3, 290.46 Lakhs, Operating EBITDA of ₹ 796.14 Lakhs & PAT of ₹ 612.26 Lakhs. In FY24, the Company Achieved a Revenue of ₹ 2,425.41 Lakhs, Operating EBITDA of ₹ 638.59 Lakhs, & PAT of ₹ 534.50 Lakhs. Disclaimer: Certain statements in this document that are not historical facts are forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.).
