MyIPOStatus
HGS (India) IPO: GMP, subscription and allotment status
SMEKFin TechnologiesOpens30 Oct
—Subscription opens 30 Oct
- GMP
- —
- No GMP data
- Est. listing
- —
- No estimate
- Price band
- ₹114–120
- Lot
- 1,200 shares
- Min. ₹1,44,000
Allotment
Expected 4 Nov.
Dates
30 Oct → 3 Nov · allot 4 · list 6Refunds and shares in your demat account on 5 Nov.
Issue details
- Segment
- SME
- Face value
- ₹10
- Issue type
- Book Building Issue
- Fresh issue
- ₹27.91 Crores
- Offer for sale
- 5,54,000 Equity Shares
- Listing at
- NSE SME
- Registrar
- KFin Technologies
- NSE symbol
- HGSINDIALT
GMP is unofficial and doesn't guarantee a listing price. Where these numbers come from
What you can apply for
- Retail Minimum
- 2 lots, 2,400 shares
- 2,400
- ₹2,88,000
- Retail Maximum
- 2 lots, 2,400 shares
- 2,400
- ₹2,88,000
- S-HNI Minimum
- 3 lots, 3,600 shares
- 3,600
- ₹4,32,000
- S-HNI Maximum
- 6 lots, 7,200 shares
- 7,200
- ₹8,64,000
- B-HNI Minimum
- 7 lots, 8,400 shares
- 8,400
- ₹10,08,000
A retail application can't go past ₹2 lakh; bigger bids go in the HNI categories.
Where the money goes
- Funding the capital expenditure towards replacement of plant and machinery for our existing manufacturing facility at Manesar, Gurugram
- ₹18.50 Cr
- Funding the capital expenditure towards Backward Integration for setting up in-house gold plating facility
- ₹1.05 Cr
- Funding the capital expenditure towards Infrastructural development of building on 3rd Floor at our existing manufacturing facility at Manesar, Gurugram
- ₹4.73 Cr
- Pursuing unidentified acquisitions and general corporate purpose
- —
What the company plans to do with the money it raises, from the offer document. Money raised in an offer for sale goes to the selling shareholders, not the company.
Company numbers
₹3.79 Cr−92.3% on 2026
2024
2025
2026
April 2026
₹1.11 Cr−90.5% on 2026
2024
2025
2026
April 2026
₹111.9 Cr+1.6% on 2026
2024
2025
2026
April 2026
- April 2026
- Revenue ₹3.79
- Profit ₹1.11
- Assets ₹111.90
- 2026
- Revenue ₹48.91
- Profit ₹11.64
- Assets ₹110.12
- 2025
- Revenue ₹53.45
- Profit ₹10.51
- Assets ₹104.04
- 2024
- Revenue ₹37.93
- Profit ₹4.00
- Assets ₹113.70
In ₹ crore, for the years the offer document reports.
- ROE
- 13.04%
- ROCE
- 17.13%
- EBITDA Margin
- 37.40%
- PAT Margin
- 25.77%
- Earning Per Share (EPS)
- ₹13.64 (Basic)
- Return on Net Worth (RoNW)
- 13.04%
- Net Asset Value (NAV)
- ₹104.63
Who the issue is reserved for
- QIB
- 50%
- NII
- 15%
- Retail
- 35%
Share of the issue set aside for each kind of investor.
Promoters and bankers
- Promoters
- Anil Dass, Shashi Singh, Cecilia Margareta Singh Ramel and Sowar Private Limited
- Promoter holding
- 87.30% before the IPO, 63.50% after
- Lead managers
- Hem Securities Ltd.
Issue details come from the IPO's page on IPOWatch, which follows the company's prospectus.
More SME IPOs
- Maxwell Engineering Solutions IPOOpens 30 Oct
- Shellz India IPOListed 23 Oct
Frequently asked questions
- When does HGS (India) IPO open and close?
- Bidding runs from 30 October 2026 to 3 November 2026.
- What is the HGS (India) IPO allotment date?
- Allotment is expected on 4 November 2026.
- When will HGS (India) IPO list?
- Listing is expected on 6 November 2026.
- What is the lot size and minimum investment for HGS (India) IPO?
- One lot is 1,200 shares, so the minimum investment at the upper price of ₹120 is ₹1,44,000.
- How do I check HGS (India) IPO allotment status?
- KFin Technologies is the registrar. Once allotment is out, check it by PAN on the KFin Technologies website or right here.