HGS (India) IPO Subscription Status Day 3: Overall Subscription Reaches 246.86x
Varda Khade
- 0 min read
Last Updated: 4th November 2026 - 10:02 am
HGS (India) IPO subscription reached 246.86 times on Day 3, as of 4:20 PM on November 3, 2026. The public issue received bids for 47,42,61,600 shares against 19,21,200 shares available for subscription, excluding the market maker portion.
The NII category recorded the highest subscription among the main investor categories at 424.25 times, followed by Individual Investors at 232.45 times. The QIB portion was subscribed 137.92 times.
Subscription Status of HGS (India) IPO
| Date | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Day 1 (October 30) | 1.77 | 0.90 | 0.26 | 1.11 |
| Day 2 (November 2) | 4.88 | 31.61 | 25.80 | 21.10 |
| Day 3 (November 3) | 137.92 | 424.25 | 232.45 | 246.86 |
Here are the subscription details for on the HGS (India) IPO day 3, as of 5:39:06 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Market Maker | 1 | 1,45,200 | 1,45,200 | 1.74 |
| QIB | 137.92 | 5,47,200 | 7,54,69,200 | 905.63 |
| NII | 424.25 | 4,14,000 | 17,56,38,000 | 2,107.66 |
| Individual | 232.45 | 9,60,000 | 22,31,54,400 | 2,677.85 |
| Total | 246.86 | 19,21,200 | 47,42,61,600 |
5,691.14 |
Key Highlights - Day 3
- HGS (India) IPO reached an overall subscription of 246.86 times on Day 3, rising from 21.10 times on Day 2.
- The NII category recorded the highest subscription at 424.25 times, while Individual Investors subscribed 232.45 times and the QIB category reached 137.92 times.
- The issue received bids for 47,42,61,600 shares against 19,21,200 shares offered for public subscription, excluding the market maker allocation.
Key Highlights – Day 2
- HGS (India) IPO recorded an overall subscription of 21.10 times on November 2, 2026, compared with 1.11 times on the opening day.
- The NII category reached 31.61 times subscription on Day 2, compared with 0.90 times on Day 1.
- Individual Investors subscribed 25.80 times, while the QIB category reached 4.88 times at the end of Day 2.
Key Highlights – Day 1
- HGS (India) IPO was subscribed 1.11 times on October 30, 2026, the opening day of the public issue.
- The QIB category recorded the highest subscription among the main investor categories at 1.77 times.
- The NII category was subscribed 0.90 times, while Individual Investors recorded subscription of 0.26 times on Day 1.
About HGS (India)
HGS (India) Limited manufactures specialised equipment used in seismic surveys and geoscience applications. Established in 1986, the company operates in the geophysical equipment segment, supplying products used to gather information about underground geological formations. Its product portfolio includes geophones, seismic cables and related equipment used in seismic data acquisition.
The company's products serve organisations involved in geological surveys, exploration activities and geophysical research. Its business focuses on manufacturing equipment designed for seismic field applications, with customers requiring instruments and associated components for subsurface data collection and analysis.
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