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Latest GMP
- Lead Manager
- Hem Securities Limited
- IPO Registrar
- KFin Technologies Limited
- IPO Open Date
- 30th Oct 2026
- IPO Close Date
- 3rd Nov 2026
- Allotment date
- 4th Nov 2026
- Listing date
- 6th Nov 2026
- Issue Size
- ₹ 35 Cr.
- Issue Price Band
- ₹ 114 to 120
- Lot Size
- 1200 Share
- Minimum Investment
- ₹ 288000
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About HGS (India) Limited
HGS (India) Limited manufactures geophones, geophone strings, seismic cables, geophysical connectors and parts and accessories for geophysical equipment used in the seismic industry.
Its products record and transmit ground-vibration signals for seismic-data acquisition and are used in oil and gas exploration, mineral exploration, defence research, earthquake seismology, vibration monitoring, geophysical seabed surveys and academic research.
The portfolio also includes seismographs, accelerographs, seismometers, battery chargers, weight drops, pig-tracking systems and related accessories, with products manufactured under the HG brand.
The company operates a vertically integrated manufacturing setup with in-house cable extrusion, injection moulding, coil winding, magnetizing, assembly and testing capabilities, and develops customized products to customer specifications.
Its manufacturing facility is located at Manesar, Haryana, and its products are sold in India and international markets through a global customer base, supported by its wholly owned Netherlands subsidiary for overseas marketing and customer engagement.
For the period ended 30-Apr-2026, exports represented 98.52% of revenue from operations, while geophone strings/harness and seismic cables contributed 58.25% and 39.41%, respectively.
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 13,60,800 (49.76%) | 26,72,400 | 1.96 |
| NII | 4,14,000 (15.14%) | 1,31,94,000 | 31.87 |
| bNII (> ₹10L) | 2,73,600 (10.00%) | 93,21,600 | 34.07 |
| sNII (< ₹10L) | 1,40,400 (5.13%) | 38,72,400 | 27.58 |
| Retail | 9,60,000 (35.10%) | 2,42,88,000 | 25.30 |
| Total | 27,34,800 (100.00%) | 4,01,54,400 | 14.68 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 02-11-2026 | ₹120 | ₹30 | ₹150 ( 25.00% ) | ₹36,000.00 | 02-Nov-2026 10:35 AM |
| 31-10-2026 | ₹120 | ₹30 | ₹150 ( 25.00% ) | ₹36,000.00 | 31-Oct-2026 02:37 PM |
| 31-10-2026 | ₹120 | ₹30 | ₹150 ( 25.00% ) | ₹36,000.00 | 31-Oct-2026 02:39 PM |
| 27-10-2026 | ₹120 | ₹0 | ₹120 ( 0.00% ) | ₹0.00 | 27-Oct-2026 04:23 PM |
Financials of HGS (India) Limited
A quick overview of the key Financial Performance of HGS (India) Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue decreased by 93%, Profit after Tax (PAT) decreased by 90%, Total Assets increased by 2% between FY2026 and FY2027 (Apr).
| Period Ended | FY2024 | FY2025 | FY2026 | FY2027 (Apr) |
|---|---|---|---|---|
| Revenue | 35.48 | 49.08 | 45.16 | 3.11 |
| Assets | 113.70 | 104.04 | 110.12 | 111.90 |
| Total Income | 37.93 | 53.45 | 48.91 | 3.79 |
| Profit After Tax | 4.00 | 10.51 | 11.64 | 1.11 |
| EBITDA | 6.16 | 15.31 | 16.89 | 1.58 |
| Net Worth | 95.04 | 85.16 | 89.27 | 90.41 |
| Reserves & Surplus | 95.47 | 87.97 | 90.66 | 91.80 |
| Total Borrowings | 0.00 | 0.00 | 0.00 | 0.00 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 2,400 | ₹ 2,88,000 |
| Individual Investors (IND) (Max) | 2 | 2,400 | ₹ 2,88,000 |
| S-HNI (Min) | 3 | 3,600 | ₹ 4,32,000 |
| S-HNI (Max) | 6 | 7,200 | ₹ 8,64,000 |
| B-HNI (Min) | 7 | 8,400 | ₹ 10,08,000 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 1.24 |
| ROCE (%) | 1.6 |
| Debt / Equity | - |
| RoNW (%) | 1.23 |
| PAT Margin (%) | 35.8 |
| EBITDA Margin (%) | 50.81 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
1.3
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
87.3
64.34
|
IPO Lead Manager(s)
Lead Manager Details
- Hem Securities Limited
- Contact Person: Roshni Lahoti
- SEBI Registration Number: INM000010981
- Investor Grievance Email: redressal@hemsecurities.com
- Website: https://www.hemsecurities.com
- Email: ib@hemsecurities.com
- Phone: +91 22 49060000
- Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai - 400013, Maharashtra, India
IPO Registrar
- Registrar Name
- KFin Technologies Limited
- hgs.ipo@kfintech.com
- Phone
- +91 40 6716 2222
- Contact Person
- Williams R
- SEBI Registration Number
- INR000000221
- Address
- 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai - 400070, Maharashtra, India
- Website
- https://www.kfintech.com/
Company Contact Details
- Company Name
- HGS (India) Limited
- cs@hgsindia.com
- Phone
- 011-46066604
- Contact Person
- Shruti Gupta
- Corporate Identity Number
- U74899DL1986PLC023341
- Address
- Portion-2, First & Second Floor, A-259, Defence Colony, New Delhi, Delhi, India - 110024
- Website
- https://www.hgsindia.com/
HGS (India) Limited FAQs
