HGS (India) IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Allotment Awaited
Dates
Oct 30 to Nov 03 2026
Price Band
₹114 - 120
Current GMP
₹27 (22.50%)
Subscription
248.58 times
IPO Details
| IPO Date | 30 Oct to 3 Nov, 2026 |
| Listed on | Fri, Nov 6, 2026 |
| Face Value | 10 per share |
| Price Band | 114 to 120 |
| Issue Price | 120 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 28,80,000 shares (agg. up to ₹ 34.56 Cr) |
| Reserved for Market Maker | 1,45,200 shares (agg. up to ₹ 2 Cr) Hem Finlease Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 21,80,800 shares (agg. up to ₹ 26.17 Cr) |
| Offer for Sale | 5,54,000 shares of ₹ 10 (agg. up to ₹ 6.65 Cr) |
| Net Offered to Public | 27,34,800 shares (agg. up to ₹ 32.82 Cr) |
| Share Holding Pre Issue | 85,32,713 shares |
| Share Holding Post Issue | 1,08,58,713 shares |
| NSE Symbol | HGSINDIALT |
| ISIN | INE813R01012 |
IPO Date
30 Oct to 3 Nov, 2026
Listed on
Fri, Nov 6, 2026
Face Value
10 per share
Price Band
114 to 120
Issue Price
120 per share
Lot Size
1,200 Shares
Sale Type
Fresh capital cum OFS
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Total Issue Size
28,80,000 shares (agg. up to ₹ 34.56 Cr)
Reserved for Market Maker
1,45,200 shares (agg. up to ₹ 2 Cr) Hem Finlease Pvt.Ltd.
Fresh Issue (Ex Market Maker)
21,80,800 shares (agg. up to ₹ 26.17 Cr)
Offer for Sale
5,54,000 shares of ₹ 10 (agg. up to ₹ 6.65 Cr)
Net Offered to Public
27,34,800 shares (agg. up to ₹ 32.82 Cr)
Share Holding Pre Issue
85,32,713 shares
Share Holding Post Issue
1,08,58,713 shares
NSE Symbol
HGSINDIALT
ISIN
INE813R01012
IPO Subscription Details
| Anchor | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 137.92 |
| NII*** | 424.67 |
| bNII (> ₹10L) | 493.16 |
| sNII (< ₹10L) | 291.21 |
| Individual Investors | 235.72 |
| Total ** | 248.58 |
Anchor
1
Market Maker
1
QIB (Ex Anchor)
137.92
NII***
424.67
bNII (> ₹10L)
493.16
sNII (< ₹10L)
291.21
Individual Investors
235.72
Total **
248.58
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Oct 3 0 (Day 1) | 1.77 | 1.24 | 1.83 | 0.10 | 0.25 | 1.16 |
| Nov 2 (Day 2) | 4.88 | 31.56 | 33.54 | 27.71 | 25.56 | 20.96 |
| Nov 3 (Day 3) | 137.92 | 424.67 | 493.16 | 291.21 | 235.72 | 248.58 |
DayOct 3
0 (Day 1)
QIB (Ex Anchor)1.77
NII*1.24
NII (> ₹10L)1.83
NII (< ₹10L)0.10
Individual Investors0.25
Total1.16
DayNov 2
(Day 2)
QIB (Ex Anchor)4.88
NII*31.56
NII (> ₹10L)33.54
NII (< ₹10L)27.71
Individual Investors25.56
Total20.96
DayNov 3
(Day 3)
QIB (Ex Anchor)137.92
NII*424.67
NII (> ₹10L)493.16
NII (< ₹10L)291.21
Individual Investors235.72
Total248.58
Day Wise GMP
| GMP Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 06-11-2026 | 120 | 27 (22.50%) | 147 |
| 05-11-2026 | 120 | 30 (25.00%) | 150 |
| 04-11-2026 | 120 | 28 (23.33%) | 148 |
| 03-11-2026 | 120 | 25 (20.83%) | 145 |
| 02-11-2026 | 120 | 30 (25.00%) | 150 |
| 01-11-2026 | 120 | 30 (25.00%) | 150 |
| 31-10-2026 | 120 | 30 (25.00%) | 150 |
| 30-10-2026 | 120 | 30 (25.00%) | 150 |
GMP Date06-11-2026
IPO Price120
GMP27 (22.50%)
Est. Listing Price147
GMP Date05-11-2026
IPO Price120
GMP30 (25.00%)
Est. Listing Price150
GMP Date04-11-2026
IPO Price120
GMP28 (23.33%)
Est. Listing Price148
GMP Date03-11-2026
IPO Price120
GMP25 (20.83%)
Est. Listing Price145
GMP Date02-11-2026
IPO Price120
GMP30 (25.00%)
Est. Listing Price150
GMP Date01-11-2026
IPO Price120
GMP30 (25.00%)
Est. Listing Price150
GMP Date31-10-2026
IPO Price120
GMP30 (25.00%)
Est. Listing Price150
GMP Date30-10-2026
IPO Price120
GMP30 (25.00%)
Est. Listing Price150
IPO Important Dates
| IPO Open | Fri, Oct 30, 2026 |
| IPO Close | Tue, Nov 3, 2026 |
| Allotment | Wed, Nov 4, 2026 |
| Refund | Thu, Nov 5, 2026 |
| Credit of Shares | Thu, Nov 5, 2026 |
| Listing | Fri, Nov 6, 2026 |
IPO Open
Fri, Oct 30, 2026
IPO Close
Tue, Nov 3, 2026
Allotment
Wed, Nov 4, 2026
Refund
Thu, Nov 5, 2026
Credit of Shares
Thu, Nov 5, 2026
Listing
Fri, Nov 6, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,88,000 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,88,000 |
| S-HNI (Min) | 3 | 3600 | ₹4,32,000 |
| S-HNI (Max) | 6 | 7200 | ₹8,64,000 |
| B-HNI (Min) | 7 | 8400 | ₹10,08,000 |
ApplicationIndividual investors (IND) (Min)
Lots2
Shares2400
Amount₹2,88,000
ApplicationIndividual investors (IND) (Max)
Lots2
Shares2400
Amount₹2,88,000
ApplicationS-HNI (Min)
Lots3
Shares3600
Amount₹4,32,000
ApplicationS-HNI (Max)
Lots6
Shares7200
Amount₹8,64,000
ApplicationB-HNI (Min)
Lots7
Shares8400
Amount₹10,08,000
Financial Information
| Period Ended | 30 Apr 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 111.90 | 110.12 | 104.04 | 113.70 |
| Total Income | 3.79 | 48.91 | 53.45 | 37.93 |
| Profit After Tax | 1.11 | 11.64 | 10.51 | 4.00 |
| EBITDA | 1.58 | 16.89 | 15.31 | 6.16 |
| NET Worth | 90.41 | 89.27 | 85.16 | 95.04 |
| Reserves and Surplus | 91.80 | 90.66 | 87.97 | 95.47 |
Period EndedAssets
30 Apr 2026111.90
31 Mar 2026110.12
31 Mar 2025104.04
31 Mar 2024113.70
Period EndedTotal Income
30 Apr 20263.79
31 Mar 202648.91
31 Mar 202553.45
31 Mar 202437.93
Period EndedProfit After Tax
30 Apr 20261.11
31 Mar 202611.64
31 Mar 202510.51
31 Mar 20244.00
Period EndedEBITDA
30 Apr 20261.58
31 Mar 202616.89
31 Mar 202515.31
31 Mar 20246.16
Period EndedNET Worth
30 Apr 202690.41
31 Mar 202689.27
31 Mar 202585.16
31 Mar 202495.04
Period EndedReserves and Surplus
30 Apr 202691.80
31 Mar 202690.66
31 Mar 202587.97
31 Mar 202495.47
Key Performance Indicator
| ROE | 1.24% |
| ROCE | 1.60% |
| RoNW | 1.23% |
| PAT Margin | 35.80% |
| EBITDA Margin | 50.81% |
| NAV | 105.96 |
| P/B (x) | 1.13 |
ROE
1.24%
ROCE
1.60%
RoNW
1.23%
PAT Margin
35.80%
EBITDA Margin
50.81%
NAV
105.96
P/B (x)
1.13
IPO Reservation
| QIB | 13,60,800 |
| − Anchor Investor | 8,13,600 |
| − QIB (Ex. Anchor) | 5,47,200 |
| NII (HNI) | 4,14,000 |
| − bNII > ₹10L | 2,73,600 |
| − sNII < ₹10L | 1,40,400 |
| Retail | 9,60,000 |
| Market Maker | 1,45,200 |
| Total | 28,80,000 |
QIB
13,60,800
− Anchor Investor
8,13,600
− QIB (Ex. Anchor)
5,47,200
NII (HNI)
4,14,000
− bNII > ₹10L
2,73,600
− sNII < ₹10L
1,40,400
Retail
9,60,000
Market Maker
1,45,200
Total
28,80,000
Information about company
Its products are used in oil and gas exploration, mineral exploration, defence research, earthquake monitoring, vibration analysis and other geoscience applications. The company also manufactures cables and connectors for resistivity meters and radar equipment.
HGS (India) has developed in-house manufacturing capabilities, including cable extrusion lines and injection moulding machines, enabling it to manufacture critical components and maintain quality control. Its manufacturing facility is located in Manesar, Haryana, and is equipped with precision assembly, coil winding, magnetising and testing facilities. The company is ISO 9001:2015 certified, holds ZED Gold Certification and is recognised as a 100% Export Oriented Unit by the Noida Special Economic Zone (NSEZ).
The company exports its products to several countries across North America, Europe, Asia, Africa and other regions. In 2015, it established its wholly owned subsidiary, HGS Products B.V., in the Netherlands to strengthen its international sales and customer support.
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Funding the capital expenditure towards replacement of plant and machinery for our existing manufacturing facility at Manesar, Gurugram
2: Funding the capital expenditure towards Backward Integration for setting up in-house gold plating facility
3: Funding the capital expenditure towards Infrastructural development of building on 3rd Floor at our existing manufacturing facility at Manesar, Gurugram
4: Pursuing unidentified acquisitions and general corporate purpose
5: Issue Expenses
: Total
Disclaimer
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