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HGS (India) IPO GMP, Subscription & Dates
In short
HGS (India) IPO is open for bidding. It closes on 3 Nov 2026 at 4 PM. The price band is ₹114 – ₹120, the lot size is 1,200 shares and the smallest application is ₹2,88,000. So far it is subscribed 19.43x overall. The GMP is ₹30 (25.0% of the ₹120 upper price band), last changed on 2 Nov 2026, 12:45 AM IST, which points to an indicative listing price of ₹150. GMP is an unofficial grey-market figure, not a forecast.
HGS (India) IPO subscription status
The issue was subscribed 19.43x overall, as of 2 Nov 2026, 5:05 PM IST. Reserved and Applied are in lakh shares, from the exchange's bidding data. A dash means the category has no quota of its own; N/A means the exchange has not published it.
| Category | Reserved (L) | Applied (L) | Sub. |
|---|---|---|---|
| QIB | 5.47 | 26.72 | 4.88x |
| NII | 5.59 | 131.94 | 23.59x |
| bNII (> ₹10L) | 2.74 | 93.22 | 34.07x |
| sNII (₹2–10L) | 1.4 | 38.72 | 27.58x |
| Retail | 9.6 | 242.88 | 25.30x |
HGS (India) IPO dates: open, close, allotment and listing
Dates and times are in Indian time. Allotment and refund are worked out from the close date by SEBI's T+3 timeline, skipping trading holidays.
| Milestone | Date |
|---|---|
| IPO opens | 30 Oct 2026, 10:00 AM |
| IPO closes | 3 Nov 2026, 4:00 PM |
| Allotment | 4 Nov 2026 (expected) |
| Refund and share credit | 5 Nov 2026 (expected) |
| Listing | 6 Nov 2026 (expected) |
HGS (India) IPO price band, lot size and the amount you need
| Price band | ₹114 – ₹120 |
|---|---|
| Lot size | 1,200 shares |
| Smallest application | ₹2,88,000 |
| Issue size | ₹34.56 Cr |
| Board | SME |
| Listing on | NSE |
| Registrar | KFin Technologies Limited |
| Symbol | HGSINDIALT |
The amount each application size needs, at the upper price band:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,88,000 |
| Retail (Max) | 2 | 2,400 | ₹2,88,000 |
| S-HNI (Min) | 3 | 3,600 | ₹4,32,000 |
| S-HNI (Max) | 6 | 7,200 | ₹8,64,000 |
| B-HNI (Min) | 7 | 8,400 | ₹10,08,000 |
HGS (India) IPO GMP today
We check the grey market about every hour and keep a new reading only when the value changes.
| GMP | ₹30 |
|---|---|
| GMP as a share of the upper price band | 25.0% |
| Indicative listing price | ₹150 |
| Last changed | 2 Nov 2026, 12:45 AM IST |
GMP is an unofficial figure from public grey-market trackers. No exchange or regulator issues it, and it can differ a lot from the listing price.
GMP day by day
| Date | GMP | Share of upper band | Indicative price |
|---|---|---|---|
| 2 Nov 2026 | ₹30 | 25.0% | ₹150 |
| 1 Nov 2026 | ₹30 | 25.0% | ₹150 |
| 31 Oct 2026 | ₹30 | 25.0% | ₹150 |
| 30 Oct 2026 | ₹30 | 25.0% | ₹150 |
| 29 Oct 2026 | ₹0 | 0.0% | ₹120 |
| 28 Oct 2026 | ₹0 | 0.0% | ₹120 |
Offer document
Read the HGS (India) offer document (RHP or DRHP, as filed with SEBI and the exchange).
Check your HGS (India) IPO allotment status
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Common questions
What is the HGS (India) IPO price band and lot size?
The price band is ₹114 – ₹120 and the lot size is 1,200 shares. The smallest application is ₹2,88,000 at the upper price band.
When does the HGS (India) IPO open and close?
It opened on 30 Oct 2026 at 10 AM and closes on 3 Nov 2026 at 4 PM.
What is the HGS (India) IPO subscription status?
It was subscribed 19.43x overall as of 2 Nov 2026, 5:05 PM IST. The table above shows each category.
When is the HGS (India) IPO allotment and listing date?
By SEBI's timeline the allotment is on 4 Nov 2026, refunds and share credit on 5 Nov 2026, and listing on 6 Nov 2026, if the dates hold. The exchange confirms the listing date.
What is the HGS (India) IPO GMP today?
HGS (India) IPO GMP is ₹30, last changed on 2 Nov 2026, 12:45 AM IST. GMP is an unofficial grey-market figure.
Where do the numbers come from?
Dates, price band, lot size and subscription come from the exchanges and SEBI filings. GMP comes from public grey-market trackers. See the Data sources page.
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