Status
Open
Price band
₹114–₹120
Lot size
1,200 shares
Minimum investment
₹1,44,000 for 1 lot
Issue size
₹34.56 crore
Dates
30 Oct 2026 – 3 Nov 2026
GMP
₹30
Unofficial
This page keeps the public figures for the HGS (India) Ltd. IPO in one place. When a price band is shown, it is the range of prices you can bid. The lot size is the smallest number of shares in one application. The minimum investment is one lot at the top of that band. The issue size is the amount being offered. A fresh issue is new shares, and the company receives that money. An offer for sale is shares sold by existing holders. The dates run from the day the issue opens to the day it lists. Allotment is the day shares are assigned. Refunds go back to people who were not allotted shares. Demat credit is the day allotted shares show in a demat account. Subscription, when it is shown, is how many times each category bid. A grey market premium, when it is shown, is unofficial and is not a guarantee of the listing price. The links go to the prospectus and the exchange notices when they are published. Nothing on this page is a recommendation to apply.
In FY26, HGS (India) Ltd. reported total income was ₹48.91 crore and profit after tax was ₹11.64 crore. Total income was down 8.5% from ₹53.45 crore in FY25. Profit after tax was up 10.8% from ₹10.51 crore in FY25.
The HGS (India) Ltd. issue is a fresh issue of ₹26.17 crore and an offer for sale of ₹6.65 crore. A fresh issue is new shares, so the company receives that money. An offer for sale is shares sold by existing holders.
The HGS (India) Ltd. timeline is: opens on 30 Oct 2026, closes on 3 Nov 2026, allotment is on 4 Nov 2026, refunds are on 5 Nov 2026, demat credit is on 5 Nov 2026, listing is on 6 Nov 2026.
The minimum retail application for HGS (India) Ltd. is ₹1,44,000 for 1 lot.
The grey market premium shown for HGS (India) Ltd. is ₹30. Grey market premium is unofficial and not a guarantee of listing price.
The total subscription for HGS (India) Ltd. is 1.16 times.
Dates
Opens
30 Oct 2026
Closes
3 Nov 2026
Allotment
4 Nov 2026
Refunds
5 Nov 2026
Demat credit
5 Nov 2026
Listing
6 Nov 2026
HGS (India) makes geophones, seismic cables and connectors. These are used to collect seismic data in oil, gas and geological surveys.
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
Promoters
Anil Dass, Shashi Singh, Cecilia Margareta Singh Ramel and Sowar Pvt.Ltd
Subscription
Subscribed 1.16x overall as of Day 1, 30 Oct 5 pm IST.
QIB
1.77x
NII
1.24x
Retail
0.25x
Total
1.16x
Issue
- Face value
- ₹10
- Fresh issue
- ₹26.17 crore
- Offer for sale
- ₹6.65 crore
- Exchanges
- NSE Emerge
- Registrar
- Kfin Technologies Ltd.
Reservation
- Retail
- 27.05%
- NII
- 11.67%
- QIB
- 61.28%
Financials
₹ crore, for the last three reported years.
| Year | Total income | PAT | Net worth | Assets | Borrowings |
|---|---|---|---|---|---|
| FY26 | 48.91 | 11.64 | 89.27 | — | — |
| FY25 | 53.45 | 10.51 | 85.16 | — | — |
| FY24 | 37.93 | 4 | 95.04 | — | — |
Frequently asked questions
What is the price band?
The price band is ₹114 to ₹120.
When does this issue open?
It opens on 30 Oct 2026 and closes on 3 Nov 2026.
What is the minimum investment?
The minimum retail application is ₹1,44,000 for 1 lot.
What does the grey market premium mean here?
₹30 as of 30 Oct 2026, 11:37 pm IST. It is unofficial.
How many times was it subscribed?
The total subscription is 1.16 times, checked 30 Oct 2026, 5:00 pm IST.
When is allotment?
Allotment is on 4 Nov 2026.
The questions above use only the figures on this page.
This page is a calendar of dates and prices. It is not a recommendation to apply.