HGS India Finalizes Share Allotment for Rs 34.56 Crore SME IPO Ahead of NSE Emerge Listing
HGS (India) Limited has finalized the basis of share allotment for its initial public offering (IPO), marking the completion of the allotment stage following the bidding window that concluded on November 3, 2026. The Rs 34.56-crore book-built issue, which opened for subscription on October 30, received strong attention across investor categories.
Investors who participated in the offering can now check their allocation status online through the registrar to the issue, KFin Technologies Limited, or via the National Stock Exchange (NSE) portal.
Key IPO Timeline and Next Steps
With the basis of allotment established on November 4, 2026, the company will initiate the settlement process for both allotted applicants and non-allottees:
- Initiation of Refunds: Unsuccessful applicants will begin receiving refund reversals or bank mandate unfreezes on November 5, 2026.
- Credit to Demat Accounts: Successful bidders will see equity shares credited to their demat accounts by November 5, 2026.
- Listing Date: HGS (India) shares are slated to list on the NSE SME platform on Friday, November 6, 2026.
How to Check HGS (India) IPO Allotment Status
Applicants can verify whether they have been allotted shares and check the allocated quantity using either the registrar's official portal or the stock exchange.
Via KFin Technologies Portal:
- Visit the official IPO allotment status page of KFin Technologies Limited.
- Select "HGS (India) Limited" from the dropdown list of active issues.
- Choose an identification parameter: PAN, Application Number, or DP ID/Client ID.
- Enter the corresponding details along with the captcha code.
- Click on "Submit" to view the allotment status and number of equity shares credited.
Via the NSE Website:
- Navigate to the IPO Allotment section on the NSE official website.
- Log in using registered credentials or register as a new user.
- Select the issue name and provide the application number along with the PAN.
- Submit the query to retrieve the allocation details.
Issue Structure and Company Overview
The public offering comprised a price band set between Rs 114 and Rs 120 per equity share, with a minimum bid lot of 1,200 equity shares, requiring a retail investment of Rs 1,44,000 at the upper cut-off price.
Headquartered with manufacturing operations in Manesar, Gurugram, HGS (India) specializes in the design and manufacture of geophones, seismic cables, and specialized geophysical connectors tailored for the geoscience and energy exploration sectors. Proceeds from the fresh issuance are earmarked toward capital expenditures, including the replacement of plant and machinery at its Manesar facility, as well as backward integration investments for setting up an in-house gold plating facility to support production efficiencies.
