HGS (India) IPO GMP today is Rs 0. Investors can use this GMP along with price band and subscription status for a better IPO review.
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SME IPO
HGSINDIALT
HGS (India) IPO GMP Today
HGS India manufactures geophones, seismic cables, and geophysical connectors for the energy and geoscience sector. The company’s products are used in seismic data acquisition to detect, record, and transmit ground vibration signals for subsurface geological analysis. Revenue is generated from selling geophone strings and harnesses, seismic cables, and geophysical instruments and accessories to global and domestic clients across diverse end-user industries. These industries include oil and gas exploration, vibration monitoring, earthquake seismology, geophysical seabed surveys, mine exploration, and defense research. The company operates a primary manufacturing facility in Manesar, Gurugram, equipped with precision geophone element assembly, cable extrusion, injection moulding, and automated testing capabilities. HGS India utilizes a dual-hub operating model, combining production in India with international customer engagement and marketing through its wholly owned subsidiary located in the Netherlands to serve multinational customers across global markets.
- IPO Price Band
- ₹114.00 - ₹120.00
- Lot Size
- 1,200 Shares
- Bidding Closes
- 03 Nov 2026
- Listing Date
- 06 Nov 2026
Quick Answer & Highlights
HGS (India) IPO GMP Today & Key Takeaways
Last updated: 29 Oct 2026
The Grey Market Premium (GMP) for HGS (India) IPO is currently awaiting trading updates (last quote: ₹0). The shares are offered in the price band of ₹114.00 - ₹120.00 per share, with a minimum retail investment of Rs 2,88,000 for 1,200 Shares. The issue is currently open for public bidding until 03 Nov 2026, with a minimum retail investment of Rs 2,88,000 for 1,200 Shares.
The Grey Market Premium (GMP) for HGS (India) IPO is currently awaiting trading updates (last quote: ₹0). The shares are offered in the price band of ₹114.00 - ₹120.00 per share, with a minimum retail investment of ₹2,88,000 for 1,200 Shares. The public issue is currently open for bidding until 03 Nov 2026.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹0 | +0% vs upper band (29 Oct 2026) |
| Est. Listing Price | Est. ₹120 | +0.00% Est. Listing Gain |
| Price Band | ₹114.00 - ₹120.00 | SME IPO |
| Retail Minimum Investment | ₹2,88,000 | 2 Lot (1,200 Shares) |
| Bidding Window | 30 Oct 2026 – 03 Nov 2026 | Open |
| Allotment & Listing Dates | Allotment: 04 Nov 2026 | Listing: 06 Nov 2026 |
Current GMP Status
₹0
+0% vs upper band
Est. Listing Gain
+0.00%
Last Trend
29 Oct 2026
Listing Price
Est. ₹120
Retail Entry
₹2,88,000
IPO Details
Complete IPO information
| IPO Open Date | 30 Oct 2026 |
|---|---|
| IPO Close Date | 03 Nov 2026 |
| IPO Price Band | ₹114.00 - ₹120.00 |
| Lot Size | 1,200 Shares |
| Current GMP | ₹0 |
| Estimated Listing Gain | +0.00% |
| Issue Size | Approx ₹34.56 Cr |
| Fresh Issue | Approx ₹27.91 Cr |
| Issue Type | SME |
| IPO Listing | NSE SME |
| Retail Quota | TBA |
| Registrar | Kfin Technologies Ltd. |
| Overall Subscription | TBA |
| Minimum Investment | ₹2,88,000 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, HGS (India) is priced at ₹120 per share. With a minimum lot size of 1,200 shares, a retail investor applying for one lot would need approximately ₹2,88,000 to participate in this SME issue.
The latest recorded Grey Market Premium for HGS (India) stands at ₹0, implying an estimated listing gain of around 0.00% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
30 Oct 2026
02
Bidding Closes
03 Nov 2026
03
Allotment Next
04 Nov 2026
04
Listing
06 Nov 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 30 Oct 2026 | Completed |
| Bidding Closes | 03 Nov 2026 | Active |
| Allotment | 04 Nov 2026 | Next Milestone |
| Listing | 06 Nov 2026 | Pending |
Grey Market Premium
Daily GMP status
Trend chart builds up as more daily GMP snapshots are recorded.
| Date | GMP | Change | Gain |
|---|---|---|---|
| 29 Oct 2026 | ₹0.00 | - | TBA |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,400 | ₹2,88,000 |
| Retail Maximum | 2 Lot | 2,400 | ₹2,88,000 |
| S-HNI Minimum | 3 Lot | 3,600 | ₹4,32,000 |
| S-HNI Maximum | 6 Lot | 7,200 | ₹8,64,000 |
| B-HNI Minimum | 7 Lot | 8,400 | ₹10,08,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
HGS (India) IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 30 Oct 2026 |
| IPO Close Date | 03 Nov 2026 |
| Basis of Allotment | 04 Nov 2026 |
| Refunds | 05 Nov 2026 |
| Credit to Demat Account | 05 Nov 2026 |
| IPO Listing Date | 06 Nov 2026 |
Note: The timeline for HGS (India) IPO is tentative and subject to change.
Analysis
HGS (India) Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Analysis
HGS (India) Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 37.93 Cr. | 33.25 Cr. | 4.00 Cr. | 113.70 Cr. |
| 2025 | 53.45 Cr. | 39.63 Cr. | 10.51 Cr. | 104.04 Cr. |
| 2026 | 48.91 Cr. | 33.50 Cr. | 11.64 Cr. | 110.12 Cr. |
| April 2026 | 3.79 Cr. | 2.33 Cr. | 1.11 Cr. | 111.90 Cr. |
Note: Financial numbers for HGS (India) are in ₹ Crores unless stated otherwise.
Analysis
HGS (India) Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 13.04% |
| ROCE | 17.13% |
| EBITDA Margin | 37.40% |
| PAT Margin | 25.77% |
| Debt to Equity Ratio | – |
| Earning Per Share (EPS) | 13.64 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 13.04% |
| Net Asset Value (NAV) | 104.63 |
Note: Valuation KPIs for HGS (India) are computed for FY2026.
Analysis
HGS (India) IPO Peer Group Comparison
To Be Updated Soon
Comparison
HGS (India) IPO vs other open IPOs
| IPO | Issue price | GMP | Subscribed | Closes |
|---|---|---|---|---|
| HGS (India) This IPO SME | ₹120 | TBA | - | 03 Nov |
| Carver Roboweld Compare SME | ₹80 | TBA | 0.84x | 30 Oct |
| Ajwa Projects Compare SME | ₹203 | ₹5 (+2.5%) | 0.87x | 30 Oct |
| Antala Industries Compare SME | ₹67 | TBA | 0.78x | 02 Nov |
| Maxwell Engineering Solutions Compare SME | ₹158 | ₹70 (+44.3%) | - | 03 Nov |
| Vectras Enprocon Compare SME | ₹105 | TBA | - | 03 Nov |
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Comparison
Compare HGS (India) IPO with similar IPOs
FAQ
HGS (India) IPO FAQs
HGS (India) IPO price band is Rs 114.00 to Rs 120.00. Check the latest issue price, lot size and GMP together before applying.
HGS (India) IPO open date is 30 Oct 2026, close date is 03 Nov 2026, and listing date is 06 Nov 2026.
HGS (India) IPO lot size is 1,200 shares. The minimum retail investment is Rs 2,88,000.
HGS (India) is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
HGS (India) IPO subscription status currently shows Subscription data is currently awaited.
HGS India manufactures geophones, seismic cables, and geophysical connectors for the energy and geoscience sector. The company’s products are used in seismic data acquisition to detect, record, and transmit ground vibration signals for subsurface geological analysis. Revenue is generated from selling geophone strings and harnesses, seismic cables, and geophysical instruments and accessories to global and domestic clients across diverse end-user industries. These industries include oil and gas exploration, vibration monitoring, earthquake seismology, geophysical seabed surveys, mine exploration, and defense research. The company operates a primary manufacturing facility in Manesar, Gurugram, equipped with precision geophone element assembly, cable extrusion, injection moulding, and automated testing capabilities. HGS India utilizes a dual-hub operating model, combining production in India with international customer engagement and marketing through its wholly owned subsidiary located in the Netherlands to serve multinational customers across global markets.
HGS (India) IPO issue size is TBA and the expected allotment date is 04 Nov 2026.
In our empirical study of 104 Indian IPO listings, positive GMP was followed by a positive listing gain 69.9% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 7.8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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