Cryogenic OGS IPO Sees 28x Subscription Increase, GMP at 47% on Day 2
ByAinvest
Friday, Jul 4, 2025 12:56 am ET1min read
Cryogenic OGS IPO has received a solid response from investors, oversubscribed by 27.93 times on Day 2. The issue has received bids for 75.57 million shares against 2.7 million shares on offer. The grey market premium (GMP) indicates a bumper listing, with unlisted shares trading at ₹69, a premium of ₹22 or 46.8% against the upper price band of ₹47. The IPO aims to raise ₹17.77 crore through a fresh issue of 3.78 million equity shares and no offer for sale (OFS).
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