HGS India IPO Allotment Status: Check Allotment on NSE & Registrar

The HGS (India) IPO allotment is scheduled to be finalised on November 4, 2026. Investors who applied for the public issue can check their HGS (India) IPO allotment status through the NSE or the official registrar, KFin Technologies Limited. Applicants can verify their share allocation using their PAN, application number or demat account details.

The HGS (India) IPO recorded an overall subscription of 248.58 times during the bidding period that closed on November 3, 2026. The Non-Institutional Investors category recorded the highest subscription at 424.67 times, followed by Individual Investors at 235.72 times and QIB investors at 137.92 times.

Successful applicants are scheduled to receive shares in their demat accounts on November 5, 2026. Funds blocked for unsuccessful applicants are expected to be released on the same date. HGS (India) shares are scheduled to list on the NSE SME platform on November 6, 2026.

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How to Check HGS India IPO Allotment on NSE?

• Visit the NSE IPO bid verification page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select the Equity and SME IPO bid details option.
• Choose "HGS (India) Limited" from the list of available IPOs.
• Enter the required application number and PAN details.
• Complete any additional verification requested by the platform.
• Submit the information to view the available application or allotment details.

How to Check HGS India IPO Allotment Through Registrar?

KFin Technologies Limited is the official registrar for the HGS (India) IPO.

Applicants can check their allotment status through the registrar's online verification portal.

• Visit the KFin Technologies IPO allotment status portal: https://ipostatus.kfintech.com/
• Select "HGS (India) Limited" from the available company or IPO list.
• Choose the preferred verification method, such as PAN, application number or demat account details.
• Enter the requested information.
• Complete the captcha or other verification process, if applicable.
• Submit the details to view the allotment status.

HGS (India) IPO Subscription Status

Individual Investors subscribed 235.72 times, while the QIB category recorded 137.92 times subscription.

The IPO received bids for 47,75,72,400 shares against 19,21,200 shares available for public subscription, excluding the market maker portion. The total bid amount stood at ₹5,730.87 crore at the upper end of the price band.

HGS (India) IPO Details

HGS (India) IPO was a ₹34.56 crore book-building issue comprising a fresh issue and an offer for sale. The price band was fixed at ₹114 to ₹120 per share, with a face value of ₹10 per equity share.

The fresh issue amounted to ₹27.91 crore, while the offer for sale comprised 5,54,000 equity shares, representing ₹6.65 crore at the upper end of the price band.

The IPO comprised 28,80,000 equity shares. Of the public allocation, 5,47,200 shares were designated for QIB investors, 4,14,000 shares for Non-Institutional Investors and 9,60,000 shares for Individual Investors. The issue also included a market maker reservation of 1,45,200 shares.

The IPO opened for subscription on October 30, 2026, and closed on November 3, 2026. The allotment is scheduled for November 4, followed by refunds and demat credits on November 5. The company's shares are proposed to list on the NSE SME platform on November 6, 2026.

HGS (India) Limited manufactures specialised equipment used in seismic and geoscience applications. The company produces geophones, seismic cables, connectors and related accessories used for detecting and recording ground movements.

Its products serve applications across oil and gas exploration, mineral exploration, earthquake research, defence-related studies and infrastructure monitoring. The company operates under the HG brand and supplies equipment to domestic and international customers.

The company intends to utilise proceeds from the fresh issue for replacement of plant and machinery at its existing manufacturing facility in Manesar, establishing an in-house gold plating facility and infrastructure development at its manufacturing premises.