HGS India IPO Day 1: Subscription Opens Today, 30 October 2026
- October 30, 2026
- Posted by: Harsh Piplani
- Category: IPO
HGS India IPO opens today, 30 Oct 2026, closes 3 Nov. Price band Rs 114-120. Lot size 1,200 shares. Lists on NSE SME on 6 Nov.
Quick Answer
The HGS India IPO opens for subscription today, 30 October 2026, and will remain open until 3 November 2026. HGS (India) Limited makes seismic and geoscience equipment, and the issue of about Rs 34.56 crore combines a fresh issue of 23,26,000 shares with an offer for sale of 5,54,000 shares. The price band is set at Rs 114 to Rs 120 per share, with a lot size of 1,200 shares, and the shares are proposed to list on the NSE SME platform. Since bidding has only just opened, subscription figures will start reflecting real demand as the days progress, so investors should track the live numbers through the session before deciding.
HGS (India) Limited, a maker of geophones, seismic cables and connectors used in oil and gas exploration, mineral discovery, defence and infrastructure monitoring, has opened its IPO for subscription today, 30 October 2026. The HGS India IPO is a book built SME issue of 28,80,000 equity shares worth about Rs 34.56 crore at the upper band of Rs 120, made up of a fresh issue of 23,26,000 shares and an offer for sale of 5,54,000 shares by promoters, and bidding remains open until 3 November 2026. The shares are proposed to list on the NSE SME platform.
Of the total issue, 1,45,200 shares are set aside for the market maker. The company plans to use Rs 18.50 crore to replace plant and machinery at its Manesar facility in Gurugram, Rs 4.73 crore for infrastructure work there and Rs 1.05 crore for an in-house gold plating unit, with the balance for acquisitions and general corporate purposes.
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HGS India IPO Details
The table below sets out the key parameters of the HGS India IPO, including the price band, lot size and important dates.
| Open Date | 30 October 2026 |
| Close Date | 3 November 2026 |
| Face Value | Rs 10 per share |
| Price Band | Rs 114 to Rs 120 per share |
| Lot Size | 1,200 shares (minimum application 2,400 shares) |
| Issue Size | Rs 34.56 crore (fresh issue of 23,26,000 shares and offer for sale of 5,54,000 shares) |
| Issue Type | Book Built Issue, SME |
| Listing At | NSE SME |
| Allotment Date | 4 November 2026 |
| Listing Date | 6 November 2026 |
HGS India IPO Quick Facts
| Particulars | Snapshot |
|---|---|
| Minimum application | Rs 2,88,000 (2 lots, 2,400 shares, at the upper band) |
| Small HNI range | 3 to 6 lots (Rs 4,32,000 to Rs 8,64,000) |
| Big HNI minimum | 7 lots, 8,400 shares (Rs 10,08,000) |
| Promoter holding | 87.30 percent before the issue, 63.50 percent after |
| Market maker portion | 1,45,200 shares |
| Registrar | KFin Technologies Ltd |
| Lead Manager | Hem Securities Ltd |
This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.
HGS India IPO Share Reservation
After 1,45,200 shares for the market maker, the issue offers not more than 50 percent of the net offer to qualified institutional buyers, not less than 15 percent to non-institutional investors and not less than 35 percent to retail investors. Retail bidders must apply for a minimum of 2 lots, or 2,400 shares.
HGS India IPO Subscription Status Day 1
Bidding for the issue has opened today, 30 October 2026, so the category wise numbers below will fill in as the session progresses. Institutional and larger HNI bids in SME issues often arrive in the later days of the window, so the first day usually leans on retail.
| Investor Category | Subscription Status, Day 1 (30 Oct) |
|---|---|
| Qualified Institutional Buyers (QIB) | Bidding just opened, updating through the session |
| Non-Institutional Investors (NII) | Bidding just opened, updating through the session |
| Retail Individual Investors | Bidding just opened, updating through the session |
| Overall | Bidding just opened, updating through the session |
Track Subscription Status for the issue on the Univest Screener
How to Apply for the HGS India IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 114 to Rs 120 band, with a minimum application of 2,400 shares.
- Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 3 November.
Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
About HGS (India) Limited
HGS (India) Limited, founded in 1986 with technical and financial support from Geosource Inc. of the USA, makes geophones, seismic cables and connectors for oil and gas exploration, mineral discovery, earthquake research, defence and infrastructure monitoring from its facility in Manesar, Gurugram. It reported a presence in 21 countries and 146 clients, with 161 permanent employees as of September 2025. Revenue was Rs 37.93 crore in FY24, Rs 53.45 crore in FY25 and Rs 48.91 crore in FY26, while profit after tax rose from Rs 4.00 crore to Rs 10.51 crore and Rs 11.64 crore, a profit margin of about 25.8 percent in FY26. Promoters hold 87.30 percent before the issue and 63.50 percent after it, and the upper band implies a market capitalisation of about Rs 130.30 crore, or roughly 11 times FY26 earnings.
Conclusion
The issue has opened for bidding today, 30 October 2026, offering SME exposure to a profitable seismic equipment maker through a mix of fresh issue and offer for sale. Investors considering the issue should weigh the Rs 2,88,000 minimum application, the fall in FY26 revenue even as profit rose, the dependence on oil and gas exploration demand, the offer for sale component and SME liquidity, and read the RHP on nseindia.com before applying after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the HGS India IPO subscription status on Day 1?
Ans. The issue opened for bidding today, 30 October 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live numbers on NSE as the day progresses.
When does the HGS India IPO open and close?
Ans. The issue opened for subscription today, 30 October 2026, and will close on 3 November 2026.
What is the HGS India IPO price band and lot size?
Ans. The issue price band is Rs 114 to Rs 120 per share, with a lot size of 1,200 shares. The minimum application is 2 lots, or 2,400 shares, which is Rs 2,88,000 at the upper price band.
What is the issue size and structure of the HGS India IPO?
Ans. The issue is a mix of a fresh issue of 23,26,000 equity shares and an offer for sale of 5,54,000 shares, together worth about Rs 34.56 crore, including 1,45,200 shares for the market maker.
What is the HGS India IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.
How do I apply for the HGS India IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, enter your bid quantity and price within the Rs 114 to Rs 120 band, with a minimum application of 2,400 shares, then approving the UPI mandate before the daily cut off.
When will the HGS India IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 4 November 2026, and the shares are tentatively scheduled to list on the NSE SME platform on 6 November 2026.
What does HGS (India) Limited do?
Ans. HGS (India) Limited makes seismic and geoscience equipment such as geophones, seismic cables and connectors, used in oil and gas exploration, mineral discovery, earthquake research, defence and infrastructure monitoring.
How will HGS (India) use the IPO proceeds?
Ans. The company plans to use Rs 18.50 crore to replace plant and machinery at its Manesar facility, Rs 4.73 crore for infrastructure development on the third floor of that facility and Rs 1.05 crore for an in-house gold plating unit, with the balance for acquisitions and general corporate purposes. The offer for sale proceeds go to the selling promoters.
Who are the registrar and lead manager for the HGS India IPO?
Ans. KFin Technologies Ltd is the registrar for the issue, and Hem Securities Ltd is the book running lead manager.
