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HGS (India) IPO is scheduled to open from 30 Oct 2026 to 03 Nov 2026 . The SME IPO has a price band of ₹114-₹120 per share , with a minimum lot size of 1,200 shares . Allotment is expected on 04 Nov 2026 and listing on 06 Nov 2026 .
HGS (India) IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 30 Oct 2026 |
| IPO Close Date | 03 Nov 2026 |
| Basis of Allotment | 04 Nov 2026 |
| Initiation of Refunds | 05 Nov 2026 |
| Credit of Shares to Demat | 05 Nov 2026 |
| Listing Date | 06 Nov 2026 |
Issue Size
2,880,000 shares
(aggregating up to ₹35.00 Cr)
Issue Price
₹114 – ₹120
Face Value
₹10/share
Market Lot
1,200 shares
Retail Min Investment
₹288,000
Listing At
NSE
Sale Type
both
Fresh Issue
2,180,800 shares
(aggregating up to ₹26 Cr)
Offer for Sale
554,000 shares
(aggregating up to ₹7 Cr)
Reserved for Market Maker
145,200 shares
(aggregating up to ₹2.00 Cr)
Issue Type
book building
Open Date
30 Oct
Close Date
03 Nov
Allotment
04 Nov
Listing
06 Nov
Last updated: 6 hours ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 30 Oct 2026 Latest | ₹120 | ₹0 | ₹120 | ₹0 |
0%
|
12:30 AM |
| 30 Oct 2026 | ₹120 | ₹0 | ₹120 | ₹0 |
0%
|
12:00 AM |
Showing the 2 most recent GMP entries.
HGS (India) IPO GMP today & full historyNo snapshot available yet.
Anil Dass, Shashi Singh, Cecilia Margareta Singh Ramel and Sowar Pvt.Ltd.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹288,000 |
| Retail (Max) | 2 | 2,400 | ₹288,000 |
| S-HNI (Min) | 3 | 3,600 | ₹432,000 |
| S-HNI (Max) | 6 | 7,200 | ₹864,000 |
| B-HNI (Min) | 7 | 8,400 | ₹1,008,000 |
HGS (India) Limited was incorporated on 13 February 1986 and is based in New Delhi. It works in the engineering sector, manufacturing equipment for the energy and geoscience industries.
The company makes geophones, geophone strings, seismic cables, geophysical connectors and related accessories. It exports to the United States, Europe, the Middle East, Asia and other regions, and holds ISO 9001:2015 and ZED Gold certifications. It operates as a 100% export-oriented unit from the NSEZ, with a manufacturing facility at Manesar. The promoters are Anil Dass, Shashi Singh, Cecilia Margareta Singh Ramel and Sowar Private Limited.
Revenue rose 6.66% to Rs 52.34 crore in FY26 from Rs 49.07 crore in FY25, and profit after tax rose 29.71% to Rs 13.62 crore from Rs 10.50 crore over the same period, as per the DRHP filed on 30 March 2026. The IPO is an SME book-built issue proposed to be listed on the NSE Emerge platform. The price band, issue size and issue dates have not been announced. Net proceeds are proposed to be used for capital expenditure on infrastructure development of the third floor of the existing Manesar manufacturing facility and for general corporate purposes.
Standalone · ₹ in Crores
| Particulars | FY Mar 2024 | FY Mar 2025 | FY Sep 2025 |
|---|---|---|---|
| Total Revenue | 37.93 | 28.13 | 28.13 |
| Profit After Tax (PAT) | 4 | 6.82 | 6.82 |
| EBITDA | 6.16 | 10.21 | 10.21 |
| Total Assets | 113.7 | 111.37 | 111.37 |
| Net Worth | 95.04 | 87.72 | 87.72 |
| Reserves & Surplus | 95.47 | 90.53 | 90.53 |
| Total Borrowing | - | - | - |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2025 |
|---|---|
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 16.23% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 12.34% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 31.19% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 21.4% |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹12.31 | ₹12.55 |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹102 Cr | ₹130 Cr |
The basis of allotment for HGS (India) IPO is scheduled for 04 Nov 2026. You can check your allotment status using your PAN number or application number on the KFin Technologies Limited portal or BSE.
The HGS (India) IPO is expected to open in Oct 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for HGS (India) IPO is ₹114.00 - ₹120.00 per share.
As per market sources, HGS (India) IPO GMP is currently ₹0.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for HGS (India) IPO is being updated. Check the latest subscription figures by category (Retail, QIB, NII) for real-time updates.
The listing date for HGS (India) IPO is 06 Nov 2026.
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