HGS IPO
HGS IPO is a book built issue of ₹20,80,000 crores. The issue is a combination of a fresh issue and an offer for sale. The subscription opens on 30 Oct '26 and closes on 03 Nov '26, with the basis of allotment expected to be finalised on 04 Nov '26. The shares are scheduled to list on NSE/BSE with a tentative listing date fixed for 06 Nov '26. Hem Securities Ltd is the book-running lead manager, while Kfin Technologies Ltd. is the registrar of the issue; for detailed information, refer directly to the official HGS IPO RHP.
Free Demat with Zero AMC*
HGS IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 50% | 10,40,000 crores |
| Non-Institutional Investors (NIIs) | 15% | 3,12,000 crores |
| Retail Individual Investors (RIIs) | 35% | 7,28,000 crores |
About HGS (India) Ltd IPO
Incorporated in February 1986, HGS (India) Limited manufactures geophones, geophone strings, seismic cables, connectors and accessories used in seismic data collection and geophysical applications. Operating under the “HG” brand, the Company serves sectors such as oil and gas exploration, mineral exploration, defence research, earthquake monitoring and vibration analysis. It also manufactures cables and connectors for resistivity meters and radar equipment.
The Company operates a manufacturing facility in Manesar, Haryana, equipped with precision assembly, coil winding, magnetising and testing facilities. Its in-house capabilities include cable extrusion and injection moulding, supporting component manufacturing and quality control. HGS (India) holds ISO 9001:2015 and ZED Gold certifications and is recognised as a 100% Export Oriented Unit by the Noida Special Economic Zone. It exports products across North America, Europe, Asia, Africa and other regions.
To strengthen its international presence, the Company established its wholly owned subsidiary, HGS Products B.V., in the Netherlands, in 2015. Its business is supported by specialised manufacturing capabilities, an established sourcing network and customer relationships across the seismic and energy sectors. The Company also benefits from an experienced promoter group and professional management team.
HGS IPO Objective
The Company intends to utilise the net proceeds from the IPO for the following purposes:
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To replace existing plant and machinery at its manufacturing facility in Manesar, Gurugram, with an estimated expenditure of ?15.05 crore.
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To establish an in-house gold plating facility as part of its backward integration plans, requiring ?1.05 crore.
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To develop infrastructure on the third floor of its existing manufacturing facility in Manesar, Gurugram, at an estimated cost of ?3.26 crore.
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To pursue potential acquisitions and meet general corporate purposes.
The total estimated amount allocated to these objectives is ?19.36 crore.
HGS IPO Strengths & Weaknesses
Diverse portfolio of geophones, seismic cables, connectors and related equipment.
Specialised manufacturing capabilities for precision and customised products.
Established customer relationships in the seismic and energy sectors.
Quality assurance supported by ISO 9001:2015 and ZED Gold certifications.
In-house component manufacturing and an established supplier network.
Experienced promoters and professional management.
HGS IPO Issue Details
| Issue Composition: | |
|---|---|
| Face Value | ₹10 per share |
| Total Issue Size | 20,80,000 shares (aggregating up to To be announced) |
| Fresh Issue | 2,18,080 shares (aggregating up to ₹21,80,800 crores) |
| Offer for Sale | 55,400 shares of ₹10 (aggregating up to ₹5,54,000 crores) |
| Issue Type | Book Building IPO |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 87.3 shares |
| Post-Issue Shareholding | 64.33 shares |
HGS IPO Shares
| Minimum Shares | Maximum Shares |
|---|---|
| 1,200 shares | -- |
The lot size of HGS ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for HGS IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
HGS IPO Contact & Registrar Details
Contact Details
Address
Portion-2 First & Second Floor A-259 New Delhi
Phone Number
Website
Registrar Details
Registrar Name
Kfin Technologies Ltd.
Phone Number
HGS Lead Manager(s)
| Book Running Lead Manager(s) |
|---|
| Hem Securities Ltd |
