Cryogenic OGS IPO Review

Cryogenic OGS Limited, where engineering excellence meets innovation. They specialize in manufacturing high-quality equipment tailored for diverse industries including oil and gas, petrochemicals, chemicals, and liquor. With a solid reputation, they proudly serve a wide array of clients, including prominent terminal automation companies in India and enterprises listed among the top 500 companies in the Indian economy.

Cryogenic OGS Limited is promoted by Mr. Nilesh Natvarlal Patel, Mrs Kiranben Patel and Mr. Dhairya Patel, with an object to manufacture equipment and systems for measurement and filtration for industries including oil, gas, chemicals and allied Fluid industries. Mr. Nilesh Natvarlal Patel and Mrs Kiranben Patel are first-generation entrepreneurs. Mr Nilesh Patel provides extensive experience of more than 22 years in the oil and gas Industry for designing and production of various filtering and metering equipment while Mrs Kiranben Patel has an experience of more than 13 years in the field of management of human resources and logistics operations.

The Revenues from operations for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 3,379.14 Lakh, ₹ 2,567.36 Lakh and ₹ 2,270.92 Lakh. The EBITDA for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 884.83 Lakh, ₹ 780.54 Lakh and ₹ 633.55 Lakh. The Profit after Tax for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 612.26 Lakh, ₹ 534.50 Lakh and ₹ 407.65 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 5.83 and post-issue EPS of ₹ 4.29 for FY24. The pre-issue P/E ratio is 8.06x, while the post-issue P/E ratio is 10.96x against the Industry P/E ratio is 26.00x. The company's ROCE for FY24 is 28.93%, ROE for FY24 is 23.62% and RoNW is 21.12%. These metrics suggest that the IPO is fully priced.

The Grey Market Premium (GMP) of Cryogenic OGS showing listing gains of 36.17 %.Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the Cryogenic OGS Limited IPO for Listing gain.

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About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.