HGS (India) Limited
OpenSMEIndustrials · NSE
Incorporated in 1986, HGS (India) Limited manufactures geophysical equipment and components used in seismic and geoscience applications. The company was set up in collaboration with Geosource Inc., USA, and operates under the brand name “HG”. Its product range includes geophones, geophone strings, seismic cables, connectors, and other equipment like seismographs, seismometers, and accelerographs, which are used in areas such as oil and gas exploration, mineral exploration, defence research, earthquake studies, and infrastructure monitoring. The company has a manufacturing facility in Manesar, Haryana, with advanced production capabilities and also produces key components in-house. As of September 30, 2025, it serves customers in 21 countries with a total of 146 domestic and international clients, and has a workforce of 161 permanent employees.
Price Band
₹114 – ₹120
Issue Size
₹34.56 Cr
Lot Size
1200 shares
GMP
₹25
+20.8%
Est. Listing
₹145
at current GMP
Subscribed
1.17x
overall
Open
30 Oct 2026
Close
3 Nov 2026
Allotment
4 Nov 2026
Refund
5 Nov 2026
Demat Credit
6 Nov 2026
Listing
6 Nov 2026
Last updated 2 minutes ago
Live Grey Market Premium
HGS (India) Limited GMP Today
Last updated: 31 Oct 2026
Current Premium
₹25+20.8%
Issue Price (Upper)
₹120
Band: ₹114 – ₹120
Estimated Listing Price
₹145
Upper price + GMP
Lot Size
1200 shares
Min investment ₹1,44,000
Estimated Profit / Lot
₹30,000
1200 × ₹25
HGS (India) Limited GMP Historical Trend
GMP History
Grey Market Premium trend
—
▲ 0 today
Updated about 7 hours ago
Estimated Listing Price
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 2 Apr 2026 | — | 0.0% | ₹120 |
| 27 Oct 2026 | — | 0.0% | ₹120 |
| 28 Oct 2026 | — | 0.0% | ₹120 |
| 29 Oct 2026 | — | 0.0% | ₹120 |
| 30 Oct 2026 | +₹16 | 13.3% | ₹136 |
| 31 Oct 2026 | +₹25 | 20.8% | ₹145 |
GMP is unofficial market data. Not a guarantee of listing performance.
About HGS (India) Limited Public Issue & Market Profile
HGS (India) Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹34.56 Crores. The shares are offered at a price band of ₹114 to ₹120 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
Public Issue & Pricing Context:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Basis of Allotment & Listing Timeline:
Following the close of bidding on 2026-11-03, the basis of allotment is scheduled to be finalized on 2026-11-04. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Frequently Asked Questions
What is HGS (India) Limited IPO GMP today?
The latest grey market premium for HGS (India) Limited IPO is ₹25, which indicates an expected listing price of ₹145.
What does Kostak Rate and Sauda mean in IPO GMP?
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
Is Grey Market Premium officially recognized?
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.