Cryogenic OGS IPO opens for subscription: Check price band, lot size, objectives, key dates and more

Cryogenic OGS IPO opened for subscription on Thursday, July 3. The issue will conclude on July 7. The price band has been set at ₹44 to ₹47 per share, and a lot consists of 3,000 shares.

The ₹17.77 crore initial share sale is a fresh issuance of 37.80 lakh shares with no offer for sale component.

Capital raised to the tune of ₹11.50 crore will be used for working capital requirements, and the rest will be used for general corporate purposes.

The company has reserved 7,17,000 equity shares for qualified institutional buyers (QIBs), 5,40,000 shares for non-institutional investors (NIIs) and 12,60,000 shares for individual investors.

Cryogenic OGS IPO key dates: Allotment and listing details

The basis of allotment of Cryogenic OGS is likely to be finalised on July 8. The firm's shares will be listed on the BSE SME platform on July 10.

Nilesh Natwarlal Patel, Chairman and Managing Director (CMD), Cyrogenic OGS, said, "This IPO marks a pivotal moment in our journey. With increased capital, we aim to strengthen our operations and expands market reach."

Beeline Capital Advisors Pvt Ltd is the sole book running lead manager for the issue, and MUGF Intime India Pvt Ltd is the registrar.

Cryogenic OGS Limited makes equipment and systems for measurement and filtration for several industries, including oil, gas, chemicals and allied fluid sectors. It supplies critical products like basket strainers, air eliminators, and truck and waggon loading skids to oil and gas terminal automation projects.

Cryogenic OGS IPO GMP