HGS (India)’s ₹34.56 crore IPO allotment is expected to be completed on November 4, 2026. Investors who applied for the issue can check their allotment status on the NSE website or through the registrar, KFin Technologies Limited.

Following the allotment process, the company is scheduled to list its shares on the NSE SME platform on November 6, 2026.

Procedure to Check HGS (India) IPO Allotment Status Online on NSE

Visit the NSE’s IPO allotment verification status page here.
Select “Equity & SME IPO Bid Details”.
In Select Symbol, choose “HGSINDIALT”.
Enter your PAN No. and Application No.
Click “Submit”.

Procedure to Check HGS (India) IPO Allotment Status on KFin Technologies Limited (Registrar to the Issue)

Visit the KFin Technologies’ IPO allotment status page here.
In Select IPO, select “HGS (India) Limited”.
Enter any one of the following details.

App. No.
Demat Account
PAN

Click “Submit”.

HGS (India) IPO - Issue Details

Issue Type: Book Built Issue (Fresh Issue +OFS)
Total Issue Size: Up to ₹34.56 crore
Fresh Issue: Up to ₹27.91 crore
Offer for Sale (OFS): Up to ₹6.65 crore
Face Value: ₹10 per equity share
Price Band: ₹114 to ₹120 per share
Lot Size: 1,200 shares
Listing: NSE SME
Book Running Lead Managers: Hem Securities Limited
Registrar: KFin Technologies Limited

HGS (India) IPO Overall Subscription Status

[November 3, 2026, 7:00 PM]

Category	Subscription (x)
Qualified Institutional Buyers (QIBs)	137.92x
Non-Institutional Investors (NIIs)	424.67x
Retail Individual Investors (RIIs)	235.72x
Total	248.58x

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Funding the capital expenditure towards replacement of plant and machinery for its 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 2d Floor at its existing manufacturing facility at Manesar, Gurugram.
Pursuing unidentified acquisitions
General Corporate Purposes

About HGS (India) Limited

Established in 1986, HGS (India) Limited manufactures geophones, seismic cables, geophone strings, geophysical connectors and related accessories used in seismic data acquisition across the energy and geoscience sectors. Its products are marketed under the 'HG' brand and cater to applications such as oil and gas exploration, defence research, mineral exploration and vibration monitoring. The Company also manufactures customised cables and connectors for resistivity meters and radar equipment.

The Company operates a manufacturing facility in Manesar, Haryana, equipped with injection moulding, cable extrusion, coil winding and precision assembly facilities. It also has in-house testing capabilities and exports its products to several international markets. It is recognised as a One Star Export House and a 100% Export Oriented Unit by NSEZ.

Key Financial Highlights

Particulars	For the period ended April 30, 2026 (in ₹ crore)	FY26 (in ₹ crore)	FY25 (in ₹ crore)
Revenue from operations	3.11	45.16	49.08
EBITDA	1.58	16.89	15.31
Profit After Tax (PAT)	1.11	11.64	10.51