HGS (India) Ltd.
SMEBSE₹114–120
₹ 35 Cr
2400 Shares
₹ 2,73,600
₹10
Financial Summary
| Particulars | FY 2024-25 | FY 2023-24 |
|---|---|---|
| 4,907.98 | 3,547.74 | |
| 437.24 | 244.93 | |
| 5,345.22 | 3,792.67 | |
| 3,799.01 | 3,165.29 | |
| 1,382.42 | 467.98 | |
| 1,050.55 | 399.77 |
Subscription Details
IPO Timeline
IPO Offer Start
30 Oct 2026
IPO Offer Ends
3 Nov 2026
TBA
About the Company
We are engaged in the business of manufacturing geophones, geophone strings, seismic cables, geophysical connectors, and parts and accessories for geophysical equipment for the seismic industry within the energy and geoscience sectors. Our products are used in the acquisition of seismic data and are integral to recording and transmitting ground vibration signals for the processing, interpretation, and analysis of subsurface geological structures. Our product portfolio includes Geophone Elements precision-engineered for high-resolution surveys, including ultrasensitive models for passive monitoring. Alongside these, we manufacture custom-configured Geophone Strings tailored for land and marsh environments. Beyond core sensor technology, our offerings span the full spectrum of seismic accessories. This includes Seismographs & Accelerographs, Seismometers, Seismic System Cables, Panel-mount Connectors, Battery Chargers and equipment like Weight Drops and Pig Tracking Systems. This wide range ensures seamless client compatibility across diverse field operations. We manufacture our products under the brand name "HG" that sets the standard for quality and reliability. Over the years we have also invested in backward integration where we focus on critical component manufacturing with multiple extrusion and cable lines to meet wire and cable requirements and 16 Injection Moulding Machines to manufacture components internally. This vertical integration ensures absolute quality control over every input used in their final assemblies.
Use of Proceeds
1. Funding the capital expenditure towards replacement of plant and machinery for our existing manufacturing facility at Manesar, Gurugram. 2. Funding the capital expenditure towards Backward Integration for setting up in-house gold plating facility 3. Funding the capital expenditure towards Infrastructural development of building on 3rd Floor at our existing manufacturing facility at Manesar, Gurugram. 4. Pursuing unidentified acquisitions and general corporate purpose
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IPO FAQs
The HGS (India) Ltd. IPO has a total of ₹35 crore, calculated at the upper end of the .
The HGS (India) Ltd. IPO is priced at ₹114–120 per share. bids must fall within this , against a of ₹10 per share.
The for the HGS (India) Ltd. IPO is 2,400 shares, which is also the minimum order quantity — you have to apply for at least 2,400 shares, and in multiples of 2,400 beyond that.
The minimum investment in the HGS (India) Ltd. IPO is about ₹2,73,600 — one lot of 2,400 shares, calculated at the lower end of the .
Bidding at the cut-off or upper price raises the amount blocked in your account.
The HGS (India) Ltd. opens on 30 Oct 2026 and closes on 3 Nov 2026.
Applications have to be in before 5:00 PM IST on the closing day, and your UPI mandate needs to be approved by then as well.
HGS (India) Ltd. IPO shares are proposed to be listed on BSE.
Each HGS (India) Ltd. share has a of ₹10.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
- 1.Funding the capital expenditure towards replacement of plant and machinery for our existing manufacturing facility at Manesar, Gurugram
- 2.Funding the capital expenditure towards Backward Integration for setting up in-house gold plating facility
- 3.Funding the capital expenditure towards Infrastructural development of building on 3rd Floor at our existing manufacturing facility at Manesar, Gurugram
- 4.Pursuing unidentified acquisitions and general corporate purpose
Pre-apply means placing your HGS (India) Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the HGS (India) Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the HGS (India) Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.