HGS India
06 Nov '26SME
Min. Investment
₹2,73,600
Issue size
₹34.56 Cr
GMP
Locked
Overall subscription: 0.08x
Expert verdict
IPO dates
30 Oct
Opening
03 Nov
Closing
06 Nov
Listing
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,88,000 |
Subscription (as on 30 October 2026, 02:01 PM)
Overall0.08x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 1986|MD: Mr. Anil Dass
- HGS (India) Limited is engaged in the manufacturing of geophones, geophone strings, seismic cables, geophysical connectors, and related parts and accessories for the seismic industry. Established in 1986, the company manufactures equipment used to record and transmit ground vibrations for analysing underground geological structures.
- Its product portfolio includes geophone elements, geophone strings, seismographs, accelerographs, seismometers, seismic system cables, connectors, battery chargers, weight drops, and pig tracking systems. These products are used in oil and gas exploration, mineral exploration, defence research, vibration monitoring, seabed surveys, earthquake studies, and academic research. The company also manufactures cables and connectors for resistivity meters and radar equipment.
- The company's manufacturing facility is located in Manesar, Haryana. It operates in-house cable extrusion, injection molding, component assembly, and testing facilities. Its products are sold under the "HG" brand. The company also has a wholly owned subsidiary, HGS Products B.V., in the Netherlands, which provides global sales support.
- Use of proceeds:
- The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:
- Funding the capital expenditure towards replacement of plant and machinery for the existing
- manufacturing facility at Manesar, Gurugram — Rs 15.04 crore
- Funding the capital expenditure towards backward integration for setting up in-house gold
- plating facility — Rs 1.05 crore
- Funding the capex for infrastructure development at its existing manufacturing facility at Manesar, Gurugram — Rs 3.26 crore
- Pursuing unidentified acquisitions and general corporate purposes
Issue Details & Objective
Lot size
1200 Shares
Price band
₹114 to 120
Face value
₹10 per share
Financials
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Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
The issue size of HGS India IPO is ₹34.56 Cr
The HGS India IPO will be open for applications from 30 Oct '26 to 03 Nov '26
The lot size of HGS India IPO is 1200 Shares and its minimum investment amount is ₹2,73,600.
