HGS India IPO

Latest update · 27 Oct 2026

HGS India IPO: Issue Structure, Financial Growth and Valuation Analysis

Explore HGS India IPO details including price band INR 114-120, issue size, financial performance, valuation metrics, and key dates for the SME issue.

• HGS India operates in niche seismic data acquisition and geophysical equipment manufacturing with strong export exposure of 84.22%.
• The IPO is scheduled to run from 30 October 2026 to 3 November 2026 on the NSE Emerge platform.
• The total issue size ranges between INR 32.83 and 34.56 crore at a price band of INR 114 to 120 per share.
• Net profit grew to INR 11.64 crore in FY 2026 with net profit margins expanding to 25.77%.
• The company operates with zero debt, reflecting a clean balance sheet prior to public deployment.
• Net proceeds will primarily fund machinery replacement at the Manesar facility, infrastructural upgrades, and backward integration.