HGS (India) IPO Details
| IPO Open Date | October 30, 2026 |
| IPO Close Date | November 3, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹114 to ₹120 Per Share |
| Issue Size | Approx ₹34.56 Crores |
| Fresh Issue | Approx ₹27.91 Crores |
| Offer for Sale: | Approx 5,54,000 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
HGS (India) IPO Market Lot
The HGS (India) IPO minimum market lot is 2400 shares with ₹2,88,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2400 | ₹2,88,000 |
| Retail Maximum | 2 | 2400 | ₹2,88,000 |
| S-HNI Minimum | 3 | 3600 | ₹4,32,000 |
| S-HNI Maximum | 6 | 7200 | ₹8,64,000 |
| B-HNI Minimum | 7 | 8400 | ₹10,08,000 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
HGS (India) IPO Anchor Investors
| Anchor Bidding Date | October 29, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
HGS (India) IPO Dates
The HGS (India) IPO date is October 30 and the close date is November 3. The HGS (India) IPO allotment will be finalized on November 4 and the IPO listing on November 6.
| IPO Open Date: | October 30, 2026 |
| IPO Close Date: | November 3, 2026 |
| Basis of Allotment: | November 4, 2026 |
| Refunds: | November 5, 2026 |
| Credit to Demat Account: | November 5, 2026 |
| IPO Listing Date: | November 6, 2026 |
Promoters and Holding Pattern
The promoters of the company are Anil Dass, Shashi Singh, Cecilia Margareta Singh Ramel and Sowar Private Limited.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | 7,449,051 | 87.30% | 6,895,051 | 63.50% |
| Others* | 1,083,662 | 12.70% | 3,963,662 | 36.50% |
| Total | 8,532,713 | 100% | 10,858,713 | 100% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Funding the capital expenditure towards replacement of plant and machinery for our existing manufacturing facility at Manesar, Gurugram | ₹18.50 |
| Funding the capital expenditure towards Backward Integration for setting up in-house gold plating facility | ₹1.05 |
| Funding the capital expenditure towards Infrastructural development of building on 3rd Floor at our existing manufacturing facility at Manesar, Gurugram | ₹4.73 |
| Pursuing unidentified acquisitions and general corporate purpose | – |
About HGS (India) IPO
HGS (India) Limited, established in 1986, is a company that makes specialised equipment used to study what lies beneath the Earth’s surface, especially for seismic and geoscience applications.
The company was formed with technical and financial support from Geosource Inc., USA, and operates under the brand name “HG”.
It manufactures products like geophones, seismic cables, connectors, and other accessories used to detect and record ground movements. These tools are widely used in areas such as oil and gas exploration, mineral discovery, earthquake research, defence studies, and monitoring the safety of large infrastructure projects.
As of September 30, 2025, the company has built a presence in 21 countries and works with 146 clients in India and abroad. It also has a team of 161 permanent employees.
HGS (India) IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹37.93 | ₹33.25 | ₹4.00 | ₹113.70 |
| 2025 | ₹53.45 | ₹39.63 | ₹10.51 | ₹104.04 |
| 2026 | ₹48.91 | ₹33.50 | ₹11.64 | ₹110.12 |
| April 2026 | ₹3.79 | ₹2.33 | ₹1.11 | ₹111.90 |
HGS (India) IPO Valuation – FY2026
Check HGS (India) IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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: | N/A |
| Return on Net Worth (RoNW): | 13.04% |
| Net Asset Value (NAV): | ₹104.63 |
Peer Group Comparison
- There are no listed companies
IPO Lead Managers aka Merchant Bankers
- Hem Securities Ltd.
Company Address
HGS (India) Ltd.
Portion-2, First & Second Floor,
A-259,
Defence Colony
New Delhi, New Delhi, 110024
Phone: 011-46066604
Email: [email protected]
Website: https://www.hgsindia.com/
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://ipostatus.kfintech.com/
HGS (India) IPO FAQs
What is HGS (India) IPO?
When HGS (India) IPO will open for subscription?
What is HGS (India) IPO Investors Portion?
How to Apply the HGS (India) IPO?
What is HGS (India) IPO Issue Size?
What is HGS (India) IPO Price Band?
What is HGS (India) IPO Lot Size?
What is the HGS (India) IPO Allotment Date?
What is the HGS (India) IPO Listing Date?
Note: The HGS (India) IPO price band and date are officially announced. The (HGS (India) IPO grey market premium) will be added to the IPO GMP page as it will start).
