HGS (India) Limited IPO
closed · NSE · Bookbuilding IPO
HGS (India) Limited IPO was a ₹34.56 crore book-built issue on NSE with a price band of ₹114–₹120 per share, open for bidding from 30 Oct 2026 to 3 Nov 2026.
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Company overview
- Website
- https://www.hgsindia.com/
IPO overview
HGS (India) Limited raised ₹34.56 crore through a book-built issue, combining new shares issued by the company (a fresh issue) with shares sold by existing shareholders (an offer for sale).
Bids were accepted within a price band of ₹114–₹120 per share; the final issue price is set within this band after bidding closes.
Applications were made in lots of 1,200 shares, so one lot costs ₹1,44,000 at the upper end of the price band.
The shares are proposed to be listed on NSE.
Hem Securities Ltd. was the book-running lead manager and Kfin Technologies Ltd. is the registrar, which processes applications, allotment and refunds.
Stated objects of the issue: Funding the capital expenditure towards replacement of plant and machinery for our existing manufacturing facility at Manesar, Gurugram Funding the capital expenditure towards Backward Integration for setting up in-house gold plating facility Funding the capital expenditure towards Infrastructural development of building on 3rd Floor at our existing manufacturing facility at Manesar, Gurugram Pursuing unidentified acquisitions and general corporate purpose.
- Issue type
- Bookbuilding IPO
- Issue structure
- Fresh capital cum OFS
- Issue size
- ₹34.56 crore
- Price
- ₹114–₹120 per share
- Lot size
- 1,200 shares
- Minimum investment (1 lot)
- ₹1,44,000
- Exchange
- NSE
- Lead manager
- Hem Securities Ltd.
- Registrar
- Kfin Technologies Ltd.
IPO timeline
- Bidding opens 30 Oct 2026
- Bidding closes 3 Nov 2026
- Basis of allotment 4 Nov 2026
- Refunds / unblocking 5 Nov 2026
- Shares credited to demat 5 Nov 2026
- Listing 6 Nov 2026
Bidding ran from 30 Oct 2026 to 3 Nov 2026.
After bidding, the basis of allotment is due on 4 Nov 2026, refunds / unblocking of funds are due on 5 Nov 2026 and shares are due to be credited to demat accounts on 5 Nov 2026.
Listing is scheduled for 6 Nov 2026.
Subscription summary
By the close of bidding, the issue was subscribed 248.58× overall (last figure recorded 3 Nov 2026).
By category: qualified institutional buyers (QIB) 137.92×, non-institutional investors (NII) 424.67× and retail investors 235.72×.
Recorded day by day: 30 Oct 1.16×, 2 Nov 20.96× and 3 Nov 248.58×.
Bids were received for 248.58× the shares available, so not every applicant in an oversubscribed category will receive shares.
| Category | Subscribed (as of 3 Nov 2026) |
|---|---|
| QIB | 137.92× |
| NII | 424.67× |
| Retail | 235.72× |
| Overall | 248.58× |
Grey market premium (unofficial)
The last grey market premium (GMP) we recorded for this issue was ₹25 on 3 Nov 2026, equal to 20.8% of the upper price band.
Across 5 readings between 30 Oct 2026 and 3 Nov 2026, the quoted GMP ranged from ₹19 to ₹30.
- GMP is unofficial: it is not published or verified by NSE, BSE or SEBI, changes quickly, and is not a forecast or guarantee of the listing price.
Allotment
Allotment status should become available on or after 4 Nov 2026.
The registrar, Kfin Technologies Ltd., processes allotment; check status on its website or the exchange's application-status page.
Offer documents
Where the offer document differs from any figure on this page, the document prevails.
Sources and data methodology
NSE & BSE public-issue data; Chittorgarh and InvestorGain (fill gaps only); InvestorGain live subscription report (third-party); InvestorGain grey market report (unofficial); Chittorgarh allotment calendar. Methodology · Report an error
Tools
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