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

GMP is an unofficial market indicator. Grey Market Premium reflects informal trading before listing. It is not issued or verified by the company, the exchanges or SEBI, can change quickly, and does not guarantee the listing price.

IPO GMP

Last updated: 12:00 AM, 3 Nov 2026 · refreshed through the day, may lag the market

UNOFFICIAL MARKET DATA

Current GMP

₹30▲ +25.00%

Premium over upper band of ₹120

Estimated listing price₹150₹120 issue price + ₹30 GMP · an estimate, not a forecast

Change since 30 Oct+₹0₹30 → ₹30

Latest change₹0vs 2 Nov

HGS (India) Limited 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). Added to the issue price of ₹120, that implies a listing price of about ₹150. This is an estimate from an unofficial indicator, not a forecast. The GMP is unchanged since 30 Oct 2026, when it was ₹30. HGS (India) IPO opens on 30 Oct 2026, closes on 3 Nov 2026 and lists on 6 Nov 2026.

Updated 12:00 AM, 3 Nov 2026 IST

For this IPO · filled from its figures

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Issue price (₹ per share)

₹

Use the upper end of the price band.

GMP (₹ per share)

₹

Use a minus sign if the grey market quotes a discount, for example -15.

Lot size (shares)

Lots applied

Shares in the bid

1,200

Money needed at the issue price

₹1,44,000

Listing price implied by GMP

₹150.00

GMP as % of issue price

+25.00%

Gain if allotted and listed at that price

₹36,000

₹36,000 per lot, before brokerage, charges and tax

At a GMP of ₹30 on an issue price of ₹120, a bid for 1,200 shares would have a notional gain of ₹36,000 if it were allotted and the shares listed at ₹150.00. That is arithmetic on an unofficial number, not a forecast, and you may not be allotted any shares.

GMP history

Grey Market Premium per share, ₹ · 30 Oct – 3 Nov

GMP (₹)

GMP by date

Daily GMP with the change from the previous day. Issue price for estimates: ₹120 (upper band)

UNOFFICIAL MARKET DATA

GMP by date with percentage, change and estimated listing price
Date	GMP	Change	Est. listing price
3 NovLatest	₹30+25.00%	no change	₹150
2 Nov	₹30+25.00%	no change	₹150
1 Nov	₹30+25.00%	no change	₹150
31 Oct	₹30+25.00%	no change	₹150
30 Oct	₹30+25.00%	start	₹150

How past SME IPOs listed

Every SME IPO in our archive: opening price against issue price, to put a GMP in context

INVESTORTRACK ANALYSIS

Past IPOs in this group: 448
Opened above issue price: 59%
Median opening gain: +2.25%
Middle half of IPOs: −1.95% to +17.65%

Of 448 SME IPOs in our archive (listed 2025 to date), 59% opened above the issue price and 31% below. The median opening gain was +2.25%, and the middle half ranged from −1.95% to +17.65%.

This describes how past issues opened, not what this IPO will do: one issue can land far outside the range, the opening price says nothing about what happens afterwards, and past results are not a forecast.

Calculated from the past IPOs archive: opening price on listing day against the issue price, for the IPOs where both are known. See how we work.

Learn how GMP works

Short reads before you rely on a number.

All 12 guides →

What is IPO GMP and how to read it7 min read IPO listing day, explained6 min read

How reliable has GMP been?

See the GMP track record →

Last GMP before bidding closed against the listing price, for IPOs we tracked to listing.

Compared

Direction right

67%

Avg miss

6.6 pts

More tools for this IPO

Application amount1 lot blocks ₹1,36,800 at the lower band.Allotment probabilityRetail is at 25.56x so far. Will you get shares?

Next tabSubscription · 20.96x, by category

Frequently asked questions

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).

What is the estimated listing price of HGS (India) IPO?

Upper price band ₹120 plus a GMP of ₹30 gives about ₹150. It is an estimate, not a forecast.

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.

Is the HGS (India) GMP a guarantee of listing gains?

No. GMP is an unofficial indicator from informal trading before listing. It is not issued or verified by the company, the exchanges or SEBI, can change quickly, and does not guarantee the listing price.