The HGS (India) Limited IPO, a ₹34.56 crore book-built public offering, concludes its subscription period today, November 3, 2026. Operating out of its advanced Manesar facility, the debt-free company specializes in manufacturing specialized seismic equipment like geophone strings and seismic cables for global energy and geoscience sectors.
The public offering features a price band fixed at ₹114 to ₹120 per share, with a minimum retail investment lot size of 1,200 shares. Strong investor enthusiasm is visible, with the retail category subscribed over 25 times. The unofficial Grey Market Price (GMP) stands robust at ₹30, signaling a strong 25% premium and indicating an estimated listing price of ₹150 on the NSE SME platform on November 6
Disclaimer: The information provided above is for educational purposes only and does not constitute financial advice. This content was fully AI-generated based on real-time market data available as of November 3, 2026.
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