Overview

• The IPO drew bids for 174.9 crore shares against 25.17 lakh on offer, marking an oversubscription of 694.9 times on July 7.
• Informal grey market trading values shares at ₹79, reflecting a ₹32 premium over the upper price band and a 68% expected gain.
• The exchange will finalise share allotment today, with official listing set for July 10 on the BSE SME platform.
• Cryogenic OGS issued 37.8 lakh fresh shares at ₹44–47 apiece to raise ₹17.77 crore for working capital, corporate needs and issue expenses.
• The Vadodara-based equipment maker posted a 32% revenue increase to ₹32.9 crore and a 15% rise in profit after tax to ₹6.12 crore in FY2025.