HGS (India) IPO
HGS (India) is a Mainboard IPO, raising ₹35 Cr through a fresh capital cum ofs. The issue opens on 30 Oct and closes on 03 Nov, with a price band of ₹114-120 and a lot size of 1200 shares. The face value per share is ₹10 per share. As of the latest update, Market Dekho rates its Grey Market Premium 3/10 — a sentiment signal, not a guarantee of listing gains. Shares are expected to list on NSE SME around Fri, Nov 6, 2026T. Kfin Technologies Ltd. is the registrar for this issue. The lead manager is Hem Securities Ltd.. Promoter shareholding stands at 1,08,58,713 shares post-issue (down from 85,32,713 shares pre-issue). For the period ended 30 Apr 2026, the company reported profit after tax of 1.11.
Data refreshed 28 Oct 2026 · Not investment advice
IPO timeline
- IPO OPENS30 Oct
- IPO CLOSES03 Nov
- LISTING DATEFri, Nov 6, 2026T
IPO details
| Company | HGS (India) |
|---|---|
| Segment | Mainboard |
| Price band | ₹114-120 |
| Face value | ₹10 per share |
| Lot size | 1200 shares |
| Total issue size | ₹35 Cr |
| Issue type | Fresh capital cum OFS |
| Listing at | NSE SME |
| Registrar | Kfin Technologies Ltd. |
| Lead manager(s) | Hem Securities Ltd. |
| Promoter holding (pre-issue) | 85,32,713 shares |
| Promoter holding (post-issue) | 1,08,58,713 shares |
Grey market premium (GMP)
| Market Dekho GMP rating | 3/10 |
|---|---|
| As of | 28 Oct, 05:31 am IST |
GMP is unofficial grey-market sentiment, not a guarantee of listing price or gains. Read what GMP means and how it is used, or see GMP for every open and upcoming IPO.
Key terms: IPO · Price band · Lot size · GMP (grey market premium) · ASBA · Basis of allotment · Learn how IPOs work
Reservation by investor category
| QIB | Not more than 50% of the Net Offer |
|---|---|
| Retail | Not less than 35% of the Net Offer |
| NII | Not less than 15% of the Net Offer |
Financials
| Particulars | 30 Apr 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 111.90 | 110.12 | 104.04 | 113.70 |
| Total Income | 3.79 | 48.91 | 53.45 | 37.93 |
| Profit After Tax | 1.11 | 11.64 | 10.51 | 4.00 |
| EBITDA | 1.58 | 16.89 | 15.31 | 6.16 |
| NET Worth | 90.41 | 89.27 | 85.16 | 95.04 |
| Reserves and Surplus | 91.80 | 90.66 | 87.97 | 95.47 |
Amounts as reported in the offer documents (restated); units as shown by the source.
HGS (India) IPO — FAQs
What is the price band of HGS (India) IPO?
The price band for the HGS (India) IPO is ₹114-120, with a lot size of 1200 shares.
When does the HGS (India) IPO open and close?
The HGS (India) IPO opens on 30 Oct and closes on 03 Nov.
What is the minimum investment in HGS (India) IPO?
One lot is 1200 shares, so at the upper end of the price band (₹114-120) the minimum application is about ₹1,44,000.
What is the GMP rating of HGS (India) IPO?
Market Dekho currently rates the HGS (India) IPO's Grey Market Premium 3/10. GMP is an unofficial sentiment signal, not a guarantee of listing gains.
When will HGS (India) shares list?
HGS (India) shares are expected to list on NSE SME around Fri, Nov 6, 2026T.
Who is the registrar for HGS (India) IPO?
Kfin Technologies Ltd. is the registrar. Use its website to check your allotment status after the basis of allotment.
What is the issue size of HGS (India) IPO?
The HGS (India) IPO is an issue of ₹35 Cr (Fresh capital cum OFS).
Is HGS (India) IPO a mainboard or SME issue?
The HGS (India) IPO is a mainboard issue, listing on NSE SME. Mainboard IPOs list on the main segment of the exchange.
How do I apply for HGS (India) IPO?
Apply through the IPO section of your broker app using UPI, or through ASBA in your net banking, between the open and close dates. Bid at or above the cut-off price in multiples of one lot. Our step-by-step guide to applying through UPI and ASBA walks through each screen.
Official & further reading
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