SME Issue (NSE SME) · Price Band ₹114–₹120 · Lot Size 1,200 shares (Min 2 lots / 2,400 shares) · Opens Oct 30, 2026 · Lists Nov 6, 2026
Last updated: November 2, 2026
HGS (India) GMP (Live)
₹38
Issue Price ₹120 · Estimated listing ₹158
+12.50%
Subscription
Closing Today
Issue Size
₹34.56 Cr
Lot Size
1,200 shares
Min Investment
₹2,88,000
Allotment Date
Nov 4, 2026
Listing Date
Nov 6, 2026
HGS (India) Ltd IPO is a book-built SME issue valued at approximately ₹34.56 crore, comprising a fresh issue of 23,26,000 shares and an offer for sale (OFS) of 5,54,000 shares. The bidding window closes today, November 3, 2026. The price band is set at ₹114 to ₹120 per share, with a minimum retail application requirement of 2 lots (2,400 shares) amounting to ₹2,88,000. The live grey market premium (GMP) stands around ₹15.
HGS (India) IPO GMP Trend
⚠️ GMP is unofficial and unregulated. It changes several times a day and is not a guarantee of listing gains.
HGS (India) IPO Subscription Status
HGS (India) IPO Important Dates
Oct 30, 2026
IPO OpensSubscription window opens for bidding
Nov 3, 2026
IPO ClosesSubscription window closes today
Nov 4, 2026
AllotmentBasis of allotment finalised
Nov 5, 2026
Refunds & DematInitiation of refunds and credit of shares
Nov 6, 2026
ListingShares list on NSE SME platform
About HGS (India) Ltd
HGS (India) Limited manufactures seismic and geoscience equipment, including geophones, seismic cables, and connectors used extensively in oil and gas exploration, mineral discovery, earthquake research, defence, and infrastructure monitoring. Proceeds from the IPO will be utilized to replace plant and machinery at its Manesar facility, build infrastructural facilities, set up an in-house gold plating unit, and cover general corporate needs.
HGS (India) Issue Details
HGS (India) IPO — Frequently Asked Questions
What is the GMP of HGS (India) IPO today?
The live GMP is around ₹15, pointing towards an estimated listing price of ₹135 (approx. 12.50% gain over the upper issue price of ₹120).
What is the subscription status of HGS (India) IPO?
Subscription tracking data updates through the close of the final day of bidding on November 3, 2026.
What is the price band and lot size of HGS (India) IPO?
The price band is ₹114 to ₹120 per share, and the lot size is 1,200 shares, requiring a minimum retail application of 2 lots (2,400 shares) amounting to ₹2,88,000.
When does HGS (India) IPO list?
HGS (India) IPO is scheduled to list on November 6, 2026, on the NSE SME platform. Disclaimer: GMP is unofficial and unregulated. This page is for informational purposes only and does not constitute investment advice. Verify all data from the company's RHP and exchange filings before investing. Equity investments are subject to market risk.
| Issue Detail | Information |
|---|---|
| Issue Size | ₹34.56 crore (Fresh issue ₹27.91 Cr + OFS ₹6.65 Cr) |
| Price Band | ₹114–₹120 per share |
| Lot Size | 1,200 shares (Minimum retail investment ₹2,88,000 for 2 lots / 2,400 shares) |
| Listing On | NSE SME |
| Category | Day 1 (Oct 30) | Day 2 (Nov 2) | Day 3 (Nov 3) | Final |
|---|---|---|---|---|
| QIB | - | 4.48x | - | - |
| NII (HNI) | - | 31.56 | - | - |
| Retail | - | 25.56 | - | - |
| Total | - | 20.96 | - | - |
| Date | GMP (₹) | Expected Listing (₹) | Gain % |
|---|---|---|---|
| Oct 30, 2026 | ₹12 | ₹132 | +10.00% |
| Today | ₹38 | ₹158 | +32.00% |