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HGS (India) IPO
Price Band
₹114.0–120.0
Issue Size
₹34.56 Cr
Lot Size
1,200 shares
Min Investment
₹288,000
2 LOTS MIN
GMP
—
Issue Price
₹120.0
HGS (India) IPO AI Summary
- HGS (India) IPO is upcoming on NSE SME in the Oil Exploration & Production sector.
- Price band: ₹114.0–₹120.0 per share, lot size 1,200 shares (min. investment ₹288,000, 2 lots minimum).
- Subscription window: 30 Oct–03 Nov 2026, listing on 06 Nov 2026.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
IPO not open yet
Opens 30 Oct 2026 · in 3 days
HGS (India) IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
TopFund Score — Listing Data Indicator
GMP not yet available
Subscription not open yet
No anchor allocation for this IPO
Similar IPOs (same IPO type) averaged 29.9% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
Incorporated in 1986, HGS (India) Limited is engaged in the manufacturing of geophysical equipment and components used in seismic and geoscience applications. The company was established in technical and financial collaboration with Geosource Inc., USA, and operates under the brand name “HG”. The company’s product portfolio includes geophones, geophone strings, seismic cables, connectors, and a range of seismic accessories such as seismographs, seismometers, accelerographs, and related equipment. These products are designed for applications across oil & gas exploration, mineral exploration, defence research, earthquake seismology, and infrastructure monitoring. The company has a manufacturing facility in Manesar, Haryana, equipped with precision assembly lines, injection moulding machines, and cable manufacturing capabilities. It has also undertaken backward integration by producing key components in-house. As of September 30, 2025, the company serves customers across 21 countries and caters to 146 domestic and international clients. The company has 161 permanent employees.
Company Financials (₹ Cr)
As of 2026-04-30
| 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 |
Key Ratios
EPS
₹13.64
NAV
₹104.63
ROE
13.35%
ROCE
17.13%
RoNW
13.04%
P/B Value
1.15
P/E Ratio
8.8
Market Cap
₹130.30 Cr
PAT Margin
25.77%
Promoters
Anil Dass, Shashi Singh, Cecilia Margareta Singh Ramel, Sowar Pvt.Ltd.
Objects of the Issue
# | Issue Objects | Est Amt (₹ Cr.) 1 | Funding the capital expenditure towards replacement of plant and machinery for our existing manufacturing facility at Manesar, Gurugram | 15.05 2 | Funding the capital expenditure towards Backward Integration for setting up in-house gold plating facility | 1.05 3 | Funding the capital expenditure towards Infrastructural development of building on 3rd Floor at our existing manufacturing facility at Manesar, Gurugram | 3.26 4 | Pursuing unidentified acquisitions and general corporate purpose | | Total | 19.36
Frequently Asked Questions
What is the price band of HGS (India) IPO?
The price band of HGS (India) IPO is ₹114.0–₹120.0 per share.
When does HGS (India) IPO open and close?
HGS (India) IPO opens on 30 October 2026 and closes on 03 November 2026.
When does HGS (India) IPO list on the stock exchange?
HGS (India) IPO is scheduled to list on 06 November 2026.
What is the lot size for HGS (India) IPO?
The lot size for HGS (India) IPO is 1200 shares, requiring a minimum investment of ₹288,000 (2 lots).
What is the TopFund Listing Data Indicator for HGS (India)?
HGS (India)'s Listing Data Indicator score is 80/100 (High signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Oct 2026
Close
03 Nov 2026
Allotment
04 Nov 2026
Listing
06 Nov 2026
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