HGS (India) IPO — GMP Today, Price Band, Dates & Listing
HGS (India) SME IPO (NSE: HGSINDIALT) opened on 30 Oct 2026 and closes on 3 Nov 2026 on NSE SME (Emerge). Price band Rs 114–120, lot size 1,200 shares (minimum application Rs 288,000, two lots, the SME minimum application, at the upper band). Latest tracked GMP: Rs 30 (25.00% of the upper band), as of 31 Oct 2026.
HGS (India) IPO details
| Status | Open |
| Open date | 30 Oct 2026 |
| Close date | 3 Nov 2026 |
| Price band | Rs 114–120 |
| Lot size | 1,200 shares |
| Minimum investment | Rs 288,000 (two lots, the SME minimum application, at the upper band) |
| Face value | Rs.10 per Equity Share |
| Issue type | Book Building |
| Issue size (NSE summary) | Initial Public Offer comprising of Fresh Issue of up to 23,26,000 equity shares and Offer for Sale of up to 5,54,000 Equity Shares (including Market Maker portion of 1,45,200 Equity Shares) |
| GMP (Rs) | Rs 30 (as of 31 Oct 2026) |
| GMP as % of upper band | 25.00% |
| Exchange | NSE SME (Emerge) |
| Lead managers | Hem Securities Limited |
| Registrar | Kfin Technologies Limited |
| NSE symbol | HGSINDIALT |
| Prospectus | Red herring prospectus (NSE archive, zip) |
GMP is an unofficial grey-market quote as tracked by WorldBest IPO on 31 Oct 2026; it is not a price prediction. Face value, lot, issue type, issue size, lead managers and registrar are as filed on NSE's IPO detail page (HGSINDIALT). Page data as of 31 Oct 2026.
Key dates
| Issue opens | 30 Oct 2026 |
| Issue closes | 3 Nov 2026 |
| Basis of allotment | 4 Nov 2026 (expected, T+1) |
| Refunds / demat credit | 5 Nov 2026 (expected, T+2) |
| Listing | 6 Nov 2026 (expected, T+3) on NSE SME (Emerge) |
Post-close dates follow SEBI's T+3 listing timeline counted in working days from the close; registrar and exchange notices are final.
What the GMP means for HGS (India)
Grey Market Premium (GMP) is the unofficial premium at which an IPO's shares change hands before listing. A positive GMP signals bullish pre-listing sentiment, but it is unregulated, volatile and routinely diverges from the actual listing price in both directions — treat it as a thermometer, never a forecast. Read our full What is GMP? guide for how the grey market works.
Apply, allotment and listing
- How to apply: step-by-step UPI/ASBA instructions in our IPO application guide.
- Allotment status: registrar link and the T+3 timeline on the HGS (India) allotment page.
- Compare with other issues: the full live board is on IPO GMP Today and the IPO Calendar.
- Need a demat account? see best brokers for IPO applications.
FAQs on HGS (India) IPO
What is HGS (India) IPO GMP today?
The latest tracked grey market premium for HGS (India) is Rs 30 (25.00% of the upper price band), as of 31 Oct 2026. GMP is unofficial grey-market data, changes frequently, and is not a prediction of the listing price.
When does the HGS (India) IPO open and close?
HGS (India)'s subscription window opened on 30 Oct 2026 and closes on 3 Nov 2026. Dates can change until the red herring prospectus is final — verify before applying.
What is the HGS (India) IPO price band and lot size?
For HGS (India), the price band is Rs 114–120 and one lot is 1,200 shares (minimum application Rs 288,000, two lots, the SME minimum application, at the upper band).
Who is the registrar for the HGS (India) IPO?
The registrar to the HGS (India) IPO is Kfin Technologies Limited (as filed on NSE). Allotment status is checked on the registrar's website once the basis of allotment is finalised — the link is on our HGS (India) allotment status page.