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Unlisted shares of Cryogenic OGS Ltd are trading at Rs 73 against its upper IPO price of Rs 47, which is 55.32% GMP, indicating strong listing gains for investors.
Cryogenic OGS IPO GMP Today.
Cryogenic OGS IPO GMP Today: The initial public offering of Cryogenic OGS Ltd is witnessed its second day of bidding Today, Friday, July 4. The BSE SME IPO aims to raise Rs 17.77 crore through the public issue. Till 5:00 pm on the second day of bidding on Friday, the issue received a 99.67 times subscription, garnering bids for 25,08,69,000 shares as against the 25,17,000 shares on offer.
The retail and NII participation stood at 138.43x and 124.42x, respectively. The QIB category, which includes institutional investors like mutual funds and pension funds, received a 12.91x subscription.
The three-day IPO bidding will be closed on July 7.
Cryogenic OGS, founded in 1997, is a Vadodara-based manufacturer of customised measurement and filtration equipment for the oil, gas, chemical, and fluid industries.
Cryogenic OGS IPO GMP Today
According to market observers, unlisted shares of Cryogenic OGS Ltd are currently trading at Rs 73 against its upper IPO price of Rs 47. It means a grey market premium or GMP of Rs 26, which is 55.32% over its issue price, indicating strong listing gains for investors.
This is higher than the 42.55% GMP recorded on Wednesday, a day before the IPO opened.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Cryogenic OGS IPO Allotment And Listing Dates
The basis of allotment of the Cryogenic OGS IPO will be finalised on July 8.
Its listing will take place on July 10, on the BSE SME platform.
Cryogenic OGS IPO Price And Lot Size
The price band of the IPO has been fixed in the range of Rs 44 to Rs 47 apiece.
Its minimum lot size is 3,000. It means investors will have to apply for a minimum of 3,000 shares or in multiple thereof.
Retail investors require a minimum capital of Rs 2,64,000 to apply for the IPO.
Cryogenic OGS IPO: Other Info
The Cryogenic OGS IPO, which is a bookbuilding of Rs 17.77 crore, is entirely a fresh issue of 37.80 lakh shares.
The proceeds will be utilised towards meeting working capital requirements, general corporate purposes, and public issue expenses, as per the RHP.
The company’s revenue increased by 32% and profit after tax (PAT) rose by 15% between the financial year ending with March 31, 2025 and March 31, 2024.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager of the Cryogenic OGS IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue.The market maker for Cryogenic OGS IPO is Spread X Securities Private Limited.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More
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