HGS (India) IPO
HGS (India) opens for subscription on 30 Oct 2026 and closes on 3 Nov 2026, at a price band of ₹114 – ₹120 with a lot of 2400 shares. Listing is expected on 6 Nov 2026.
Updated 27 Oct 2026
Important dates
Opens
30 Oct 2026
Closes
3 Nov 2026
Allotment
4 Nov 2026
Listing
6 Nov 2026
IPO details
| Price band | ₹114 – ₹120 |
|---|---|
| Lot size | 2400 shares |
| Minimum investment | ₹2,88,000 |
| Issue size | ₹34.56 crore |
| Face value | ₹27.91 per share |
| Board | SME |
| Listing at | NSE SME |
| Retail quota | 35% |
| EPS | ₹13.64 |
| RoNW | 13.04% |
Grey market premium (GMP)
No meaningful grey market premium was reported at the last update.
GMP is unregulated grey market chatter, not an exchange price, and it often swings or turns out wrong on listing day. SEBI cautions investors against relying on it. Read the GMP explainer.
Subscription status
Subscription by investor category, day by day.
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0× | 0× | 0× | 0× |
Company financials (₹ crore)
| Year | Revenue | Expenses | Profit after tax |
|---|---|---|---|
| FY24 | 37.93 | 33.25 | 4 |
| FY25 | 53.45 | 39.63 | 10.51 |
| FY26 | 48.91 | 33.5 | 11.64 |
About HGS (India)
HGS (India) Limited, established in 1986, is a company that makes specialised equipment used to study what lies beneath the Earth’s surface, especially for seismic and geoscience applications.
The company was formed with technical and financial support from Geosource Inc., USA, and operates under the brand name “HG”.
It manufactures products like geophones, seismic cables, connectors, and other accessories used to detect and record ground movements. These tools are widely used in areas such as oil and gas exploration, mineral discovery, earthquake research, defence studies, and monitoring the safety of large infrastructure projects.
As of September 30, 2025, the company has built a presence in 21 countries and works with 146 clients in India and abroad. It also has a team of 161 permanent employees.
Objects of the issue
- Funding the capital expenditure towards replacement of plant and machinery for our existing manufacturing facility at Manesar, Gurugram
- Funding the capital expenditure towards Backward Integration for setting up in-house gold plating facility
- Funding the capital expenditure towards Infrastructural development of building on 3rd Floor at our existing manufacturing facility at Manesar, Gurugram
- Pursuing unidentified acquisitions and general corporate purpose
Allotment status and registrar
Kfin Technologies Ltd. is the registrar. After 4 Nov 2026, check your status with your PAN or application number on the registrar's site or the BSE/NSE allotment pages.
Registrar contact: 04067162222, 04079611000 · hgs.ipo@kfintech.com
Lead managers and offer documents
- Hem Securities Ltd.
HGS (India) IPO: FAQs
When does the HGS (India) IPO open and close?
The HGS (India) IPO opens on 30 Oct 2026 and closes on 3 Nov 2026.
What is the HGS (India) IPO price band?
The price band is ₹114 – ₹120 per share (face value ₹27.91).
What is the HGS (India) IPO lot size?
One lot is 2400 shares, so the minimum investment is ₹2,88,000 at the upper price band.
When is the HGS (India) IPO allotment date?
Allotment is expected on 4 Nov 2026. Check the status on the registrar's site (Kfin Technologies Ltd.) or the BSE/NSE allotment pages using your PAN.
When will HGS (India) shares list?
Listing is expected on 6 Nov 2026 on NSE SME.
What is the HGS (India) IPO GMP today?
No meaningful grey market premium was reported when this page was last updated. GMP is unofficial and unregulated, so it should not drive your decision.
Details are compiled from the offer documents and exchange disclosures via IPOWatch and may change or contain errors; verify in the RHP and on BSE/NSE before applying. This page is for information only and is not a recommendation to apply. Neminath Traders is not a SEBI-registered investment adviser. Read how to apply for an IPO.