Figures last updated 3 Nov 2026, 12:00 AM IST · How we work · Report an error
Figures last updated 3 Nov 2026, 12:00 AM IST · How we work · Report an error
At the upper price band of ₹120
The document states that there are no listed companies in India engaged in a business similar to that of our Company, and accordingly it is not possible to provide an industry comparison of P/E ratio.
How the size of this issue compares with every IPO in our archive
At ₹33 Cr, HGS (India) is a larger issue than 39% of the 202 SME IPOs in our archive that state an issue size (the median is ₹38 Cr).
Of 104 SME IPOs in our archive with an issue of ₹25 Cr to ₹50 Cr (listed 2025 to date), 57% opened above the issue price and 32% below. The median opening gain was +2.59%, and the middle half ranged from −2.45% to +13.66%.
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.