What is the HGS (India) IPO GMP today?

The grey market premium (GMP) of HGS (India) IPO is ₹30 per share, 25.00% above the upper price band of ₹120 (updated 12:00 AM, 3 Nov 2026 IST).

Where will HGS (India) IPO list?

HGS (India) shares are proposed to list on NSE Emerge.

Who is the registrar of HGS (India) IPO?

KFin Technologies Limited is the registrar of HGS (India) IPO; the lead manager is Hem Securities Limited.

Back to IPOs

Figures last updated 3 Nov 2026, 12:00 AM IST · How we work · Report an error

HGS (India) Limited

SME IPOOpenCloses todaySeismic Industry / Energy and Geoscience Sector

Price band₹114 – ₹120per share · face value ₹10

Minimum investment₹1,36,8001 lot · 1200 shares at lower band

IPO dates30 Oct – 3 NovCloses today, 5:00 PM

GMP UNOFFICIAL₹30▲ +25.00%Est. listing price ₹150Subscription PUBLIC20.96xStrongDay 2 so far · as of 6:30 PM, 2 Nov 2026

Key dates

Next: Allotment Wed 4 Nov

Anchor investor bid
29 Oct 2026 · Thu
IPO opens
30 Oct 2026 · Fri
IPO closes
3 Nov 2026 · Tue · today
Allotment
4 Nov 2026 · Wed
Refunds
5 Nov 2026 · Thu
Credit to demat
5 Nov 2026 · Thu
Listing
6 Nov 2026 · Fri

IPO information

Price band, minimum investment and dates are in the bar above.

Company name: HGS (India) Limited
IPO type: Book built · Fresh issue + Offer for sale
Board: SME
Issue size: ₹32.82 Cr
Shares offered: 28,80,000
Lot size: 1,200 shares
Face value: ₹10 per share
Listing on: NSE Emerge

Go deeper

What to check before applying

HGS (India) IPO, from the offer-document details we hold

INVESTORTRACK ANALYSIS

Where the money goes

The offer document names 3 uses with an amount: ₹15.05 Cr for “Funding the capital expenditure towards replacement of plant and machinery for our existing manufacturing facility at Manesar, Gurugram”; ₹1.05 Cr for “Funding the capital expenditure towards Backward Integration for setting up in-house gold plating facility”; ₹3.26 Cr for “Funding the capital expenditure towards Infrastructural development of building on 2nd Floor at our existing manufacturing facility at Manesar, Gurugram.”. Together that is ₹19.36 Cr, about 74% of the ₹26.17 Cr fresh issue. The remaining ₹6.81 Cr is not assigned to a named purpose in that table. It also lists “Pursuing unidentified acquisitions and general corporate purpose” without an amount.

Who is selling

The issue is part fresh issue (money to the company) and part offer for sale (money to the selling shareholders); 19% of it is the offer for sale. Sellers named in the offer document: Pawan Singh (2,85,120 shares), Anjali Singh (1,20,960 shares), Trishna Singh (27,213 shares), and 9 more.

Promoter holding

Promoters hold 87.3% before the issue and 64.3% after it, a fall of 23.0 percentage points.

What it means for an applicant

What you would put in, and how long it takes

INVESTORTRACK ANALYSIS

What you would put in

One lot is 1,200 shares and costs ₹1,36,800 at the lower end of the price band and ₹1,44,000 at the upper end.

How long it takes

Bidding runs for 5 days (30 Oct to 3 Nov). Once bidding closes, allotment is 1 day after the close, refunds of unallotted money start 2 days after it, the shares list 3 days after it.

Frequently asked questions

What is the price band and lot size of HGS (India) IPO?

HGS (India) IPO: price band ₹114 to ₹120 per share, lot size 1,200 shares, minimum investment ₹1,36,800.

When does HGS (India) IPO open, close and list?

HGS (India) IPO opens on 30 Oct 2026, closes on 3 Nov 2026 and lists on 6 Nov 2026. Allotment is expected on 4 Nov 2026.

Try the numbers for this IPO

GMP profit calculatorGMP ₹30 on 1200 shares is about ₹36,000 a lot, if allotted and listed there.Application amount calculator1 lot is 1200 shares: ₹1,44,000 at the upper band.Allotment probability calculatorRetail is subscribed 25.56x so far. What is your chance?

Next tabCompany · Seismic Industry / Energy and Geoscience Sector, people and risks