HGS (India) IPO Details Details

HGS (India) IPO is a ₹34.56 crore book-built issue, comprising a fresh issue of 23.26 lakh shares worth ₹27.91 crore and an offer for sale of 5.54 lakh shares worth ₹6.65 crore. The IPO opens for subscription on October 30, 2026, and closes on November 3, 2026. The price band is fixed at ₹114–₹120 per share, with a lot size of 1,200 shares. The minimum retail investment is ₹2,88,000 for 2,400 shares, while HNI investors must invest at least ₹4,32,000 for 3,600 shares. Allotment is expected on November 4, 2026, with a tentative listing on NSE SME on November 6, 2026. Hem Securities Ltd. is the lead manager, Kfin Technologies Ltd. is the registrar, and Hem Finlease Pvt. Ltd. is the market maker.

IPO Details

IPO Date 30 Oct 26
Listing Date 06 Nov 26
Face Value ₹10 per share
Price Band ₹114 to ₹120
Lot Size 1200
Sale Type Fresh capital cum OFS
Issue Type Bookbuilding IPO
Listing At NSE SME
Total Issue Size ₹35 Cr
Fresh Issue
₹26 Cr
Offer for Sale
Share Holding Pre Issue 85,32,713 shares
Share Holding Post Issue 1,08,58,713 shares

IPO DRHP Status

Description Details

IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII Shares Offered Not less than 15% of the Net Offer

About HGS (India) IPO Details.


Incorporated in February 1986, HGS (India) Limited manufactures geophones, seismic cables, connectors, and accessories under the “HG” brand, serving oil and gas exploration, mineral exploration, defence research, earthquake monitoring, and geophysical industries. Established in collaboration with Geosource Inc., USA, the company operates a manufacturing facility in Manesar, Haryana, equipped with advanced cable extrusion, injection moulding, precision assembly, and testing capabilities. HGS exports its products across North America, Europe, Asia, and Africa, supported by its Netherlands-based subsidiary, HGS Products B.V. The company holds ISO 9001:2015 and ZED Gold certifications and is recognised as a 100% Export Oriented Unit. Its key strengths include a diversified product portfolio, specialised technical expertise, in-house manufacturing capabilities, established global customer relationships, strong supply chain, and experienced management.

Company Financials (Restated)

Period Ended 30 Apr 2026 31 Mar 2026 31 Mar 2025
Assets 111.90 110.12 104.04
Total Income 3.79 48.91 53.45
Profit After Tax 1.11 11.64 10.51
EBITDA 1.58 16.89 15.31
Net Worth 90.41 89.27 85.16
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Funding the capital expenditure towards replacement of plant and machinery for our existing manufacturing facility at Manesar, Gurugram 15.05
2 Funding the capital expenditure towards Backward Integration for setting up in-house gold plating facility 1.05
3 Funding the capital expenditure towards Infrastructural development of building on 3rd Floor at our existing manufacturing facility at Manesar, Gurugram 3.26
4 Pursuing unidentified acquisitions and general corporate purpose 0.00

Key Performance Indicator (KPI)

KPI Apr 30, 2025 Mar 31, 2026
ROE 1.24%% 13.35%%
ROCE 1.60%% 17.13%%
Debt/Equity - -
RoNW 1.23%% 13.04%%
PAT Margin 35.80%% 25.77%%
EBITDA Margin 50.81%% 37.40%%

Key Performance Indicator (KPI)

Pre IPO Post IPO
EPS Rs 13.64 12.29
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP. The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of April 30, 2026 available in RHP.

IPO Registrar

  • Kfin Technologies Ltd.
  • 040-79615565
  • hgs.ipo@kfintech.com
  • Visit Website

IPO Lead Manager(s)


Lead Manager Reports

Contact Details

HGS (India) Ltd. Address
Portion-2, First & Second Floor, A-259, Defence Colony New Delhi, New Delhi, 110024

IPO FAQs

  • What is the Aureate Tradde IPO?

    Aureate Tradde IPO is a SME IPO of 38,98,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is . The Aureate Tradde IPO open and close dates are not available as of now. MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

  • How to apply in Aureate Tradde IPO through Zerodha?

    Zerodha customers can apply online in Aureate Tradde IPO using UPI as a payment gateway. Zerodha customers can apply in Aureate Tradde IPO by login into Zerodha Console (back office) and submitting an IPO application form.

    Steps to apply in Aureate Tradde IPO through Zerodha

    1. Visit the Zerodha website and login to Console.
    2. Go to Portfolio and click the IPOs link.
    3. Go to the ' Aureate Tradde IPO ' row and click the 'Bid' button.
    4. Enter your UPI ID, Quantity, and Price.
    5. Submit IPO application form.
    6. Visit the UPI App (net banking or BHIM) to approve the mandate.

    Visit Zerodha IPO Application Process Review for more detail.

  • When Aureate Tradde IPO will open?

    The Aureate Tradde IPO dates are not announced. Please check back again after some time.

  • What is the lot size of Aureate Tradde IPO?

    Aureate Tradde IPO lot size and the minimum order quantity is not available at this time. Please check again later.

  • How to apply for Aureate Tradde IPO?

    You can apply in Aureate Tradde IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

  • Is online banking secure?

    Repudiated and annoyances accepted the wise man therefore always holds in these matters to this principle selection he rejects pleasures to secures.

  • When is Aureate Tradde IPO allotment?

    The finalization of Basis of Allotment for Aureate Tradde IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Aureate Tradde IPO allotment status.

  • When is Aureate Tradde IPO listing date ?

    The Aureate Tradde IPO listing date is not yet announced. The tentative date of listing is .