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H(

HGS (India) Limited IPO

ListedSME

— · ₹114 – ₹120 · ₹34.56 Cr

Last updated: 06 Nov 2026, 11:18 am · 3d ago
Price Band₹114 – ₹120
Lot Size—
Issue Size₹34.56 Cr
  • Overview
  • Timeline
  • Subscription
  • Financials
  • Valuation
  • Documents
  1. 30 Oct 2026Open Date
  2. 3 Nov 2026Close Date
  3. 4 Nov 2026Allotment Date
  4. 6 Nov 2026Listing Date

Check your allotment

KFin Technologies — allotment statusBSE allotment statusNSE allotment status

These open the registrar's and the exchanges' own websites. HGS (India) Limited is not affiliated with CAPITA1, and we never ask for your PAN or application number.

IPO Snapshot
—/ 100
Opportunity Score
🟢 Attractive
Broker Consensus
Not Available
GMP %
N/A
Subscription
N/A
P/E
8.80x
ROE
13.04%
ROCE
17.13%
DRHP RHP

“Broker Consensus” is CAPITA1's algorithmic verdict from GMP, subscription, fundamentals & valuation — broker recommendations aren't in our data feed. GMP is an unofficial grey-market estimate. Not investment advice.

HGS (India) Limited IPO valuation · at upper band ₹120

🟢 Attractive
Market Cap (Post-IPO)
₹102.4 Cr
Market Cap (Pre-IPO)
₹78.12 Cr
Enterprise Value
Not Available
Earnings Per Share (EPS)
₹13.64
Net Asset Value per Share (NAV)
₹104.63
Price to Earnings (P/E) at upper band
8.80x
Price to Book (P/B)
1.15x
EV / EBITDA
Not Available
Return on Net Worth (RoNW)
13.04%
Return on Equity (ROE)
13.04%
Return on Capital Employed (ROCE)
17.13%
Debt / equity
Not Available
Formulas used (all at upper price band)
  • Market Cap (Post-IPO) = Upper Price × Post-issue Shares (Shares = Latest FY PAT ÷ EPS)
  • Market Cap (Pre-IPO) = Post-IPO Market Cap − Fresh Issue
  • Enterprise Value = Market Cap + Total Debt − Cash (cash assumed nil)
  • Total Debt = Debt/Equity × Net Worth
  • Net Worth = NAV (Book Value/Share) × Post-issue Shares
  • P/E Ratio = Upper Price ÷ EPS
  • P/B Ratio = Upper Price ÷ NAV
  • EV / EBITDA = Enterprise Value ÷ EBITDA

Company financials (EPS, NAV, ratios) from Issuer DRHP figures, compiled from public IPO listings. Ratios computed at the upper price band; not investment advice.

AI IPO AnalysisAI

DRHP / RHP IntelligenceAI

Generate an AI read of the offer document — business, risks, promoters, use of funds and an educational verdict, with citations back into the filing.

GMP (Grey Market Premium)

Not available — already listed.

No exchange publishes a grey-market premium; this is not investment advice.

Subscription

Subscription figures are not available for this issue.

Timeline

Open Date
30 Oct 2026
Close Date
03 Nov 2026
Allotment
04 Nov 2026
Refund
05 Nov 2026
Demat Credit
05 Nov 2026
Listing
06 Nov 2026

Lot Size & Offer

Lot Size
Not Available
Min Investment
Not Available
Fresh Issue
Not Available
Offer for Sale
Not Available

Issue Structure

Issue Type
Book Building
Face Value
₹10
Fresh Issue
23,26,000 shares

New shares — the money goes to the company.

Offer for Sale
5,54,000 shares

Existing shares — the money goes to the selling shareholders.

As stated in the issue information filed with NSE.

Reservation

QIB
47.25%
NII / HNI
15%
Retail
35%
Employee
Not Available

Objectives of the Issue

  • Funding the capital expenditure towards replacement of plant and machinery for our existing manufacturing facility at Manesar, Gurugram
  • Funding the capital expenditure towards Backward Integration for setting up in-house gold plating facility
  • Funding the capital expenditure towards Infrastructural development of building on 3rd Floor at our existing manufacturing facility at Manesar, Gurugram
  • Pursuing unidentified acquisitions and general corporate purpose

Financial Highlights (₹ Cr)

PeriodRevenuePATAssetsNet Worth
202437.934113.7—
202553.4510.51104.04—
202648.9111.64110.12—
April 20263.791.11111.9—
Revenue Growth
-8.49%
PAT Growth
+10.75%
EBITDA
₹18.29 Cr
EBITDA Margin
37.4%
ROE
13.04%
ROCE
17.13%
Debt / equity
Not Available
Net Worth
Not Available

Promoter Holding

Pre-Issue
Not Available
Post-Issue
Not Available

Registrar & Managers

Registrar
Kfin Technologies Limited
Contact Person
Williams R
Email
hgs.ipo@kfintech.com
Phone
+9140-67162222
Address
301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai 400070, Maharashtra, India
Book Running Lead Managers
  • Hem Securities Limited

Offer Documents

RHP DRHP Basis of Issue Price Anchor Allocation

Market data: NSE (official calendar, issue filing and subscription) · CAPITA1 desk (GMP) · updated 06 Nov 2026, 11:18 am

Fundamentals: Issuer DRHP figures, compiled from public IPO listings · fetched 03 Nov 2026, 08:13 pm

IPO calendar, issue details and subscription from NSE. Any grey-market premium shown is CAPITA1’s own unofficial estimate, collected daily from grey-market sources — not investment advice, and no exchange publishes one. Company fundamentals (financials, peers) are not part of the live feed.

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