HGS (India) Limited IPO
DRHP 30 Mar 2026
Follow this IPOband, bidding, allotment and listing, on Telegram
- Price band
- ₹114.00 to ₹120.00
- Lot
- 1,200 shares
- ₹1,44,000 at the top of the band
- Subscription window
- 30 Oct to 3 Nov
- 2026
- Subscribed
- 231.2x
- retail 235.7x
- DRHP filed
- 30 Mar 2026
About the HGS (India) SME IPO
HGS (India) Limited is raising money through an SME IPO on NSE Emerge.
Bidding ran Fri 30 Oct to Tue 3 Nov, at a price band of ₹114 to ₹120 a share, in lots of 1,200 shares.
The book-running lead manager is Hem Securities Limited. The registrar, which handles allotment, is Kfin Technologies Limited.
The issue was subscribed 231.18 times overall, with the retail portion at 235.72 times, as the exchange's bid book showed.
The draft offer document was filed on 30 Mar 2026.
Timeline
Add to calendar- Anchor investors bid29 Oct
- Bidding opens30 Oct, 10:00
- Bidding closes3 Nov, 16:00
- UPI mandate cut-off3 Nov, 17:00
- Allotment finalised4 Nov
- Allotment status liveseen 4 Nov
- Refunds and UPI unblocks5 Nov
- Shares credited to demat5 Nov
- Listing and first trade6 Nov, 10:00
Bidding dates and cut-offs from the exchange. Allotment, refund, credit and listing dates follow SEBI's T+3 timetable (working days after bidding closes); the exchange's notice is final when it differs. Times are IST.
No offer-document study for this issue yet. Studies are written from the offer document; this one is in the queue. The issue's facts from the exchange are below.
HGS (India) SME IPO: questions answered
When was the HGS (India) SME IPO open, and what were the price band and lot size?
Bidding ran Fri 30 Oct to Tue 3 Nov. The price band is ₹114 to ₹120 a share. One lot is 1,200 shares, ₹1,44,000 at the upper end of the band.
When will the HGS (India) SME IPO list?
Under SEBI's T+3 timeline, shares list on the third working day after the issue closes; this issue closes on 3 Nov 2026. The exchange confirms the listing date in a notice once allotment is final.
How do I check the HGS (India) SME IPO allotment status?
Allotment is finalised by the registrar, Kfin Technologies Limited, usually the working day after the issue closes. Check it on the registrar's website with a PAN, application number or DP ID. Shares not allotted have their blocked amount released by the refund date.
The HGS (India) SME IPO allotment status page, with the direct links
Who are the registrar and lead managers of the HGS (India) SME IPO?
The book-running lead manager is Hem Securities Limited. The registrar, which handles applications and allotment, is Kfin Technologies Limited.
How many times was the HGS (India) SME IPO subscribed?
231.18 times overall, as the exchange's bid book last showed: qualified institutions 137.92 times, non-institutional investors 314.66 times and retail 235.72 times.
What is the HGS (India) SME IPO GMP?
newboard does not publish a grey-market premium. Grey-market deals happen outside the stock exchanges, are not regulated, and leave no public record of who traded at what price. What is on record is the offer document, read on this page, and the exchanges' bid book.
HGS (India) SME IPO: the next step, on Telegram
A message when there is news on its price band, bidding, allotment status, listing day and use-of-proceeds reports. Free, no account, leave in one tap. Send /stop to end it.
Not on this page yet: an offer-document study, the peer table the issuer printed. Each is added when the pipeline extracts it from the offer document.
The figures on this page are the company's own, taken from its filings with the exchanges and SEBI, and every number links to the document and page it came from. They are reproduced as stated, not verified independently, and they are not forecasts by newboard.in. Nothing here is investment advice, a research report or a recommendation. newboard.in is not a SEBI-registered research analyst or investment adviser.