Latest dated GMP observation — 6 November 2026
HGS (India) reported GMP: ₹27 (source observation: 6 November 2026, 8:20 AM IST). Source: independent IPO GMP tracker. This is an unofficial, unregulated market indication, not an exchange quote or a guarantee of listing price. Older GMP figures below are historical snapshots; check the full IPO GMP table for the latest site-wide imported data.
Reviewed: 5 November 2026 (IST). The HGS (India) IPO is an SME offering. This page explains the issue schedule, price band, application size, reported grey market sentiment and the business questions worth reviewing before considering the stock. Dates can change; consult the latest exchange announcement for binding information.
HGS (India) IPO: dates, price band and lot size
| IPO opens | 30 October 2026 |
|---|---|
| IPO closes | 3 November 2026 |
| Indicative listing date | 6 November 2026 |
| Issue price band | ₹114–₹120 |
| Bid lot | 1,200 shares |
| Two-lot application illustration | ₹2,88,000 for two lots at ₹120 |
| Exchange segment | SME |
The amount shown for two lots is a calculation at the upper issue-price band, not a promise that every investor category has the same eligibility rules or application size. SME issue bidding requirements are different from mainboard IPOs. Check the lot and category requirements in the red herring prospectus and on the application platform.
HGS (India) IPO GMP: what the reported quote means
The historical watchlist snapshot on this site described ₹28 in a dated 5 November third-party snapshot, not an independently verified trade. Grey market premium (GMP) is an unofficial quotation outside NSE and BSE trading. It may be stale, may differ across publications and should not be treated as a transaction-backed live price. The company’s actual listing price can be materially above or below an indicative GMP.
An estimated listing price is commonly calculated by adding the reported rupee premium to the upper issue price. Likewise, an illustrative gain per lot is the premium multiplied by the number of shares. Neither calculation accounts for liquidity, charges or tax. Visit the IPO GMP Profit Calculator to test different hypothetical outcomes instead of relying on one quote.
What does HGS (India) do?
HGS (India) manufactures geophones, seismic cables and related connectors used in geoscience and energy exploration. Demand for specialist equipment can be tied to customers’ exploration projects and capital-expenditure decisions.
What stands out in this issue?
Rather than judging this issue only by the premium, look at how repeatable its demand is and whether customers are spread across geographies and project types. Specialist manufacturing can have product differentiation, but also exposes a small issuer to lumpy orders and limited scale.
Risks and checks before applying
Consider customer concentration, export and currency exposure where relevant, input sourcing, warranty or quality requirements, and the distinction between a growing order book and collected cash.
- Read the issuer’s prospectus to understand the business model, offer objects, risk factors and audited financials.
- Compare revenue growth with operating cash flow and look for unusual debtor or inventory movements.
- Review the price band alongside listed peers, rather than using the grey-market premium as the valuation method.
- Check allotment and listing schedules directly with the registrar and exchange; announced dates may be revised.
HGS (India) IPO allotment and listing
The published indicative listing schedule is 6 November 2026, after bidding between 30 October 2026 and 3 November 2026. Once allotment is announced, investors should use the registrar’s official allotment portal or an exchange-provided link and verify their application details there. Avoid entering PAN or payment information on unofficial websites.
Sources, verification and methodology
Issue schedule and company information were cross-checked against the IPO information page and a second IPO reference as available on 5 November 2026. The latest exchange filing or issuer prospectus takes precedence if an aggregator has an older timetable. Any GMP mentioned is a dated third-party observation, not an independently verified live market feed.
Compare other companies on the full IPO GMP table or return to the IPO GMP Today homepage. Disclaimer: This article is educational information, not investment advice or a recommendation to subscribe.