Cryogenic OGS Share Price Soars 90% on Listing Day – BSE SME Debut Impresses Market

Market Performance: Cryogenic OGS Shares Make Blockbuster Debut

Cryogenic OGS made a sensational entry into the stock market on July 10, listing on the BSE SME platform at a 90% premium over its IPO price.

• Listing Price: ₹89.30 per share
• IPO Price Band: ₹44–₹47 per share
• Listing Gain: ~₹42.30 over the upper band
• Market Capitalization Post-Listing: ₹127.52 Crore

The sharp rise in Cryogenic OGS' share price reflects strong investor interest and successful execution of the company's market debut.

Main News: Subscription Frenzy Drives Historic Listing

The IPO of Cryogenic OGS Ltd., worth ₹17.77 Crore, witnessed massive interest in the primary market, receiving 646.5 times subscription during its bidding window from July 3 to July 7.

• It is now among the top 3 most-subscribed SME IPOs in 2024, trailing only:
  • Chamunda Electricals – 738 times
  • Fabtech Technologies Cleanrooms – 740 times

The listing performance even exceeded the grey market premium, which had hinted at up to 86% gains, showcasing real demand surpassing speculative estimates.

Company Details: What Does Cryogenic OGS Do?

Cryogenic OGS, headquartered in Gujarat, specializes in manufacturing equipment and systems critical to fluid measurement and filtration. Its products cater to industries such as oil, gas, chemicals, and allied sectors.

Key offerings include:

• Chemical dosing skid
• Additive and blue dye dosing skid
• Basket strainer and vapour eliminator
• Gas metering skid & pressure reduction skid
• Liquid metering skid & filtration skid
• Strainer cum air eliminator
• Additive injection panel
• Batch blending vessel

These solutions serve high-precision industrial operations, underlining the company's niche but vital market position.

Summary of the Article

Cryogenic OGS shares opened to a blockbuster listing on BSE SME, gaining 90% over its IPO price. With a subscription rate of 646.5 times, it ranks among the most sought-after IPOs of 2024 in the SME segment. The Gujarat-based company's product portfolio supports vital infrastructure across fluid-related industries, strengthening investor confidence in its market relevance.