Office Address
14, Residency Road, Udaipur, Rajasthan 313001
New Delhi / Dalal Street: The initial public offering (IPO) of seismic and geotechnical instrumentation equipment supplier HGS (India) Limited entered its second day of bidding on Monday, November 2, 2026 on the NSE SME platform. The company is seeking to raise ₹34.56 Crore at a price band of ₹114 to ₹120 per equity share.
The bidding period will culminate on Tuesday, November 3, 2026. In the grey market, shares of HGS (India) are enjoying strong demand with a premium of ₹30 per share over the upper price band, implying an estimated debut price of ₹150 (listing day gain of 25.00%).
HGS (India) IPO: Core Specifications
- Subscription Dates: October 30, 2026 to November 3, 2026
- Price Band: ₹114 to ₹120 per share (Face Value: ₹10)
- Issue Size: ₹34.56 Crore (Fresh capital ₹27.91 Cr + OFS ₹6.65 Cr)
- Market Lot: 1,200 Shares
- Retail Minimum Investment: ₹1,44,000 (1 Lot of 1,200 Shares at Upper Band)
- Listing Platform: NSE SME
- Registrar: Link Intime India Private Limited
HGS (India) IPO Tentative Schedule
| Milestone | Scheduled Date |
|---|---|
| Bidding Opens | Friday, October 30, 2026 |
| Bidding Closes | Tuesday, November 3, 2026 |
| Basis of Allotment | Wednesday, November 4, 2026 |
| Refund Initiation / ASBA Unfreeze | Thursday, November 5, 2026 |
| Credit to Demat Account | Thursday, November 5, 2026 |
| Listing on NSE SME | Friday, November 6, 2026 |
About HGS (India) Limited
HGS (India) Limited is a seasoned manufacturer and exporter of geophone strings, seismic sensors, geophysical connectors, and specialty cables used in oil and gas exploration, mining surveys, and geophysical research. Net proceeds from the fresh equity issue will be directed toward capital expenditure on research instrumentation, operational plant expansion, and working capital needs.
How to Check HGS (India) Allotment Online
The basis of allotment will be finalized on Wednesday, November 4, 2026 by Link Intime India Private Limited. Follow these steps to check your allotment:
- Go to the Link Intime India Public Issues Allotment Portal (linkintime.co.in).
- Select HGS (India) Limited from the dropdown list.
- Input your PAN Number, Application Number, or DP ID / Client ID.
- Click Submit to review your status.
View live updates for all active IPOs, subscription tallies, and grey market premiums on the Udaipur Mirror Live IPO Dashboard.
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