HGS (India) Limited
A New Delhi maker of geophones, seismic cables and connectors, set up in 1986 with Geosource Inc USA. A fresh issue of up to 23,26,000 shares and an offer for sale of up to 5,54,000 shares by promoter group and public sellers. Fresh money mainly replaces plant and machinery at Manesar. The RHP names no listed peers.
- Price band. The range of prices, per share, within which bids are taken in a book-built IPO. The final issue price is set inside it after bidding closes. Learn more ₹ per share
- ₹114–120
- Lot. The fixed number of shares bids are made in. A bid is for one lot or a whole number of lots. Learn more shares
- 1,200
- Minimum investment. The smallest bid allowed: the minimum number of lots times the lot size, at the top of the price band. SME IPOs need two lots since July 2025. Learn more ₹
- ₹2,88,000
- 2 lots, 2,400 shares at band top
- GMP. Grey market premium. The premium over the issue price at which unlisted IPO shares change hands in the unofficial grey market. It is unofficial and unregulated. Learn more ₹ per share
- ₹25
- +20.8% of band top, 3 Nov, 15:00 IST
- Subscription. Shares bid for divided by shares on offer, per investor category. 3.00× means bids for three times the shares available. Learn more × overall
- 231.18×
- 3 Nov, 17:15 IST
Timeline
- Thu 29 OctAnchor bidding
- Fri 30 OctBidding opens
- Tue 3 NovBidding closes, 5 PM IST
- Wed 4 NovAllotment Today
- Thu 5 NovRefunds
- Thu 5 NovShares in demat
- Fri 6 NovListing
Grey market premium (GMP)
₹25 per share
+20.8% of the band top
Latest reading 3 Nov, 15:00 IST, source: InvestorGain. Up ₹5 on the reading before. Grey market figures (GMP) are unofficial and unverified.
| Recorded | GMP ₹ |
|---|---|
| 3 Nov, 15:00 IST | ₹25 |
| 3 Nov, 12:00 IST | ₹20 |
| 30 Oct, 23:30 IST | ₹30 |
| 30 Oct, 21:30 IST | ₹34 |
| 30 Oct, 13:00 IST | ₹19 |
Subscription
| Category | Subscribed × |
|---|---|
| Total | 231.18× |
As of 3 Nov, 17:15 IST, from the exchange.
Anchor book
Anchor allocation is published by the exchange after anchor bidding on Thu 29 Oct.
Issue details
- Lists on
- NSE (SME platform)
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- Hem Securities Limited
- Symbol
- HGSINDIALT
- Promoter holding
- 87.3% before
Grey market figures are unofficial and unverified. Nothing here is investment advice. Verify with official sources. Full disclaimer.