Investors led the payment, subscribing 239.90 times in their allotted quota. Non-institutional investors follow the subscription to 146.78 times, while the Qualified institutional buyers‘(Qib) part took 12.91 times.
GMP Stips Strong List
Up to 8:30 am on July 7, the latest gray market premium for cryogenic ogs standing at Rs 43.Crying chersing facialing systems IPO On July 3. The offering contains 37.80 lakh fresh equity features of Rs 44-47 bands of price. At the top end, investors together should shellor Rs 2.64 lakh for minimum application of 6,000 parts.
In the overall part of the offer, 1.89 Lakh is reserved for Market Mark Spread X Security. The public offer is 35.91 parts of the lakh, with 47.38% spent in Qibs, 14.29% of NIIS, and 33.33% of investors together.
The IPO allotted to be completed on Tuesday, July 8, with a listed set to the BSE SME platform for Thursday, July 10.
The anchors, advisors and financial
Ahead of IPO, cryogenic ogs raise Rs 5.05 crore from anchor investors on July 2 by spending 10.74 lizards parts. Anchor Lock-in for 50% of these parts expire on August 7, 2025, while the rest is opened on October 6.
Vadodara-based company, built by Nilesh Natellal Patel advocates Kirben Nileshbaha and Dhairya Patel, operated 8,300 square meters facilities in Gujarat. Its products include basket baskets, air cimerinators, tanks in prows, dose skids, and truck load systems.
As far as March 2024, Cryogenic Ogs have 23 permanent employees and zero unique borrowing. In FY25, the company posted a revenue at Rs 33.79 crore and net profit of Rs 6.12 crore, showing growth year of 32% and 15%.
Beeline capital counselors are booking book leader, and IFG Insime India (link link) is the issue register.
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