Cryogenic OGS IPO Checklist: The stocks of cryogenic OGS have been made to go into BSE SME these days. Its IPO gained super reaction from traders and gained greater than 694 occasions the total. Stocks had been issued at a value of ₹ 47 underneath the IPO. Nowadays, it has entered ₹ 89.30 on BSE SME i.e. IPO traders were given 90% list good points. Proportion and climb up after list. It jumped as much as the higher circuit of ₹ 93.76 (Cryogenic OGS Proportion Value) i.e. IPO traders are actually 99.49% benefit and IPO traders’ cash is nearly double.
Cryogenic Ogs iPO find out how to spend cash
Cryogenic OGS’s ₹ 17.77 crore IPO used to be opened from July 3-7 for subscription. This IPO gained an incredible reaction from traders and general it used to be 694.90 occasions subscribed. It had a percentage reserved for certified Institutional Consumers (QIB), 209.59 occasions, non-institutional traders (NII) percentage 1,155.38 occasions and retail traders have been 773.70 occasions. Underneath this IPO, 37.80 lakh new stocks with face price of ₹ 10 had been issued. Out of those stocks, ₹ 11.50 crore shall be spent at the wishes of operating capital. With the exception of this, the remainder of the cash shall be spent on not unusual company goals and stories associated with the problem.
About cryogenic ogs
Cryogenic OGS, made in September 1997, creates top of the range dimension and filtration apparatus for top of the range industries of oil, gasoline, chemical and fluid sectors hooked up to them. Its product portfolio has basket strainers, air eliminators, energy tanks, additive dosing skids, liquid and gasoline skids. Its production unit is in Vadodara, Gujarat. Speaking concerning the monetary well being of the corporate, it’s been strongly bolstered. In FY 2023, it made a internet benefit of ₹ 4.08 crore, which jumped within the subsequent monetary yr 2024 to ₹ 5.35 crore and ₹ 6.12 crore in FY 2025. Throughout this era, the corporate’s earnings greater to ₹ 33.79 crore once a year from the compound charge (CAGR) of greater than 21% once a year. There is not any debt at the corporate.
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