HGS (India) IPO Listing: Shares Debut at 33.33% Premium on NSE SME, Check Share Price
- November 6, 2026
- Posted by: Harsh Piplani
- Category: News
HGS (India) lists at Rs 160 on NSE SME, up 33.33%. Issue price Rs 120. Subscribed over 230 times. Issue size Rs 34.56 Cr.
Quick Answer
The HGS (India) IPO listing today saw the stock debut at Rs 160 on the NSE SME platform, a 33.33 percent premium over the Rs 120 issue price, a gain of Rs 40 per share. Anyone checking the HGS (India) share price today will find a sharp debut for a Haryana based seismic equipment maker whose IPO was subscribed over 230 times.
HGS (India) IPO Listing Today: The IPO closed subscription on 3 November 2026 with demand of more than 230 times overall, led by non institutional and institutional bidders. Here is a recap of the offer, the terms of the HGS (India) IPO listing, and how the stock traded once it opened on 6 November.
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HGS (India) IPO Listing: Issue Details
HGS (India) Limited raised Rs 34.56 crore through a book built issue made up of a fresh issue of 23,26,000 shares worth Rs 27.91 crore and an offer for sale of 5,54,000 shares worth Rs 6.65 crore, in a price band of Rs 114 to Rs 120 per share. Bidding ran from 30 October to 3 November 2026, and the shares listed on the NSE SME platform on 6 November 2026.
| Particular | Detail |
|---|---|
| IPO Open Date | 30 October 2026 |
| IPO Close Date | 3 November 2026 |
| Allotment Date | 4 November 2026 |
| Refund Initiation | 5 November 2026 |
| Issue Size | Rs 34.56 crore (Rs 27.91 crore fresh issue plus Rs 6.65 crore offer for sale) |
| Lot Size | 1,200 shares (minimum application of 2 lots, or 2,400 shares, Rs 2,88,000) |
| Price Band | Rs 114 to Rs 120 per share |
| Face Value | Rs 10 per share |
| Issue Type | Book Built Issue |
| Lead Manager | Hem Securities Limited |
| Registrar | KFin Technologies Limited |
| Listing At | NSE SME |
| Listing Date | 6 November 2026 |
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HGS (India) IPO Listing Price and Performance
Shares of the HGS (India) IPO listing opened at Rs 160 on the NSE SME platform against the Rs 120 issue price, a gain of Rs 40, or 33.33 percent. An individual investor applying for the minimum 2,400 shares had put in Rs 2,88,000, so the paper gain at the listing price works out to about Rs 96,000. For an application of 3,600 shares (Rs 4,32,000) the gain is about Rs 1,44,000. The premium was large, but the issue was small and demand ran above 230 times, so the price can swing sharply after listing.
About the HGS (India) IPO
HGS (India) Limited, established in 1986 and led by managing director Anil Dass, makes geophones, geophone strings, seismic cables, connectors, seismographs and accelerographs at its plant in Manesar, Haryana. Its products serve oil and gas exploration, mineral exploration, defence research, seabed surveys and earthquake studies, and are sold in about 47 countries. The company holds ISO 9001:2015 and ZED Gold certifications. Hem Securities was the lead manager, KFin Technologies is the registrar and Hem Finlease is the market maker. Investors weighing the HGS (India) IPO listing should note that exports made up about 84 percent of FY26 revenue.
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HGS (India) Financials
Here is how the company has performed financially, useful context for anyone checking the HGS (India) share price today after the HGS (India) IPO listing.
| Year Ended | 31 Mar 2026 (Rs cr.) | 31 Mar 2025 (Rs cr.) | 31 Mar 2024 (Rs cr.) |
|---|---|---|---|
| Revenue from Operations | 45.16 | 49.08 | 35.48 |
| Profit After Tax | 11.64 | 10.50 | 4.00 |
Explanation
Revenue from operations fell about 8 percent in FY26 to Rs 45.16 crore, although profit after tax rose about 11 percent to Rs 11.64 crore, a PAT margin of about 25.8 percent. The shrinking top line, a top 10 customer share of about 73 percent, low capacity utilisation (geophone strings at about 14 percent in FY26) and heavy export dependence are the main points to weigh after the HGS (India) IPO listing.
Grey market premium (GMP) is an unofficial, unregulated indicator for the HGS (India) IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the HGS (India) IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
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 was the HGS (India) IPO listing price?
Ans. HGS (India) shares listed at Rs 160 on the NSE SME platform, a 33.33 percent premium over the Rs 120 issue price, a gain of Rs 40 per share.
Was the HGS (India) IPO listing a premium or a discount?
Ans. It was a strong premium listing, with the stock opening Rs 40 above the issue price.
How much was the HGS (India) IPO subscribed?
Ans. The IPO was subscribed more than 230 times overall by the close of bidding on 3 November 2026, with non institutional investors bidding far above their quota. Sources report different final figures.
What is the issue price of the HGS (India) IPO?
Ans. The price band was Rs 114 to Rs 120 per share, and the issue price was fixed at the upper end, Rs 120.
What is the lot size of the HGS (India) IPO?
Ans. The lot size was 1,200 shares, and individual investors needed a minimum of two lots, or 2,400 shares, costing Rs 2,88,000.
Who is the registrar for the HGS (India) IPO?
Ans. KFin Technologies Limited is the registrar.
What does HGS (India) do?
Ans. HGS (India) manufactures geophones, seismic cables and related equipment used in oil and gas exploration, mineral exploration and earthquake studies, from its plant in Manesar, Haryana.
Where can I check the HGS (India) share price today?
Ans. You can check the HGS (India) share price today on the NSE SME platform, or through the Univest platform.
Should I hold shares after the HGS (India) IPO listing?
Ans. That depends on your own risk appetite and time horizon. Worth weighing the large listing gain against falling revenue, low capacity use and heavy export dependence before deciding whether to hold or book profit after the HGS (India) IPO listing.
