HGS (India) Limited
SME IPO
Risk analysis not yet reviewed. ClearIPO publishes risk factors only after a manual review of the offer document.
Last updated 30 Oct 2026
Key details
- Price band
- ₹114
- Face value
- Rs 10
- Lot size
- 1,200 shares
- Minimum investment
- Rs 1,36,800
- Issue size
- Rs 35 Cr
- Fresh issue
- Rs 35 Cr
- Retail quota
- 35%
- Exchanges
- NSE SME
- Opening date
- 30 Oct 2026
- Closing date
- 03 Nov 2026
- Allotment date
- 04 Nov 2026
- Listing date
- 06 Nov 2026
3 further details have not been reported for this issue yet, so they are left out rather than estimated.
Explain this IPO simply
The same information as the prospectus, written the way you would explain it to a friend.
What the company does
HGS India manufactures geophones, seismic cables, and geophysical connectors for the energy and geoscience sector. The company’s products are used in seismic data acquisition to detect, record, and transmit ground vibration signals for subsurface geological analysis. Revenue is generated from selling geophone strings and harnesses, seismic cables, and geophysical instruments and accessories to global and domestic clients across diverse end-user industries. These industries include oil and gas exploration, vibration monitoring, earthquake seismology, geophysical seabed surveys, mine exploration, and defense research. The company operates a primary manufacturing facility in Manesar, Gurugram, equipped with precision geophone element assembly, cable extrusion, injection moulding, and automated testing capabilities. HGS India utilizes a dual-hub operating model, combining production in India with international customer engagement and marketing through its wholly owned subsidiary located in the Netherlands to serve multinational customers across global markets.
No hand-checked analysis for this issue yet
Subscription status
Update pending
The issue is open. Subscription figures have not been published by the source yet.
Important documents
IPO timeline
IPO opens
30 Oct 2026
First day you can apply.
IPO closes
03 Nov 2026
Last day to apply, usually by evening.
Allotment
04 Nov 2026
Who gets shares is decided.
Refund / unblock
05 Nov 2026
Blocked money is released if you did not get shares.
Shares in demat
05 Nov 2026
Allotted shares reach your demat account.
Listing day
06 Nov 2026
Shares start trading on the exchange.
Frequently asked questions
Where this information comes from
- Last updated
- 2026-10-30T10:15:06.554Z
- Last verified
- 2026-10-30T10:15:06.554Z
- Primary source
- nse
- Secondary source
- Exchange filings