What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of HGS (India) Limited IPO?

HGS (India) Limited IPO has received a total subscription of 1.17 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

HGS (India) Limited

OpenSME

Industrials · 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

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

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

1.17x

Total Demand

QIB Multiplier

1.77x

Institutions & Funds

NII / HNI

1.25x

High Net-Worth

Retail (RII)

0.29x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 1.17x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	1,360,800	2,413,200	1.77x
NIB	414,000	518,400	1.25x
HNIs(10L +)	273,600	500,400	1.83x
HNIs (2-10L)	140,400	18,000	0.13x
RETAIL	960,000	278,400	0.29x
Total	3,148,800	3,728,400	1.17x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 0.26x

Category	Applications Reserved	Applications Received	Times Subscribed
RETAIL	400	116	0.29x
HNIs(10L +)	76	15	0.20x
HNIs (2-10L)	39	5	0.13x
Total Applications	515	136	0.26x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for HGS (India) Limited IPO is ₹25 per equity share. Based on the upper price band of ₹114 to ₹120 per equity share, the estimated listing price is ₹145 (+20.8% expected listing gain).

What is the expected profit per lot for HGS (India) Limited IPO?

With a lot size of 1200 shares and current GMP of ₹25, the expected profit per application lot is approx ₹30,000 (+20.8% gain). Minimum application cost is approx ₹1,44,000.

What is the issue size and price band for HGS (India) Limited IPO?

The HGS (India) Limited IPO aggregate issue size is ₹34.56 Crores with an equity price band set at ₹114 to ₹120 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,44,000.

How can I check HGS (India) Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 1.17x (Retail: 0.29x, QIB: 1.77x, NII: 1.25x). You can track live multiples directly on our dedicated subscription page.

Where and when will HGS (India) Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2026-11-04. Investors can verify status using PAN card or application number.

When is the listing date for HGS (India) Limited IPO?

HGS (India) Limited shares are scheduled to list on NSE on 2026-11-06.