IPO GMP todayHGS (India)
HGS (India) IPO GMP Today
HGS (India) Limited. Unofficial grey-market premium of +₹30 over ₹120. Expected listing sketch ₹150 (+25.00%). Not a forecast.
- Price band
- ₹114–₹120
- Issue size
- ₹34.56 Cr
- Subscription
- 5.41×
This session
- GMP today
- +₹30
- Expected listing
- ₹150 · +25.00%
- Price band
- ₹114–₹120
- Issue size
- ₹34.56 Cr
- Lot
- 1,200 shares · min 2
- Minimum application
- 2,400 shares · ₹2,88,000
- Window
- 30 Oct 2026 – 3 Nov 2026
- Listing
- 6 Nov 2026
- Allotment
- See the prospectus
- Board
- SME · NSE
Day-wise GMP
| Date | GMP | On the band top | Marked |
|---|---|---|---|
| 2 Nov 2026 | +₹30 | +25.00% | Evening mark · 3:30 PM IST |
| 2 Nov 2026 | +₹30 | +25.00% | Morning mark · 2:30 PM IST |
| 1 Nov 2026 | +₹30 | +25.00% | Evening mark · 9:36 PM IST |
3 marks this desk recorded. Each row is a morning or evening session, not a scrape of another website. After listing, the rows stay as history.
The issue
HGS (India) Limited is an NSE SME issue, ₹34.56 crore — the smallest NSE SME on this sheet by published size.
Objects of the issue are not printed on this edition.
The unofficial grey-market premium on 1 Nov 2026 is +₹30, a listing-gain sketch of +25.00% over ₹120. Band-top plus that mark is ₹150. Another desk can print a different rupee the same day. A +₹30 reading is sentiment for this session, and it can move before 6 Nov 2026.
Latest overall subscription on this edition is 5.41×. A multiple above 1.00× means applications for more shares than are on offer; it does not mean you will get shares. Retail allotment in an oversubscribed category is a lottery for one lot. The split across QIB, NII and retail is omitted unless it belongs to the same snapshot as this total.
Same NSE SME window as Maxwell. HGS prints a ₹30 unofficial mark on a book barely above 1×; Maxwell prints ₹70 on a 4×-plus book. The premium here is running ahead of the official bids.
A barely-covered SME book plus a ~25% unofficial premium is a disagreement between two markets. Two lots lock ₹2.88 lakh. If the book stays near 1×, allotment is easy and the grey-market number is doing more work than the bids.
The timetable on the record is open 30 Oct 2026, close 3 Nov 2026, listing 6 Nov 2026. The registrar is the one named in the red herring prospectus. This sheet does not guess. After listing, this page stays up. The grey-market mark becomes history, and the listing print replaces the expected-listing sketch. Do not apply because a premium looks large. Read the prospectus.
Subscription
Overall subscription on this edition is 5.41× — QIB 0.00×, NII 0.00×, retail —. Those splits are from the same snapshot as the total. The sheet of every issue is IPO subscription status.
Allotment
The registrar for HGS (India) is the one named in its prospectus. Most issues use KFintech, MUFG Intime (formerly Link Intime) or Bigshare. The check is free. IPO Radar does not look up PANs and does not ask you to log in.
Questions people ask
What is HGS (India) IPO GMP today?
The unofficial grey-market premium for HGS (India) on the 1 Nov 2026 sheet is +₹30 over ₹120, the top of the price band. It is not an NSE or BSE price.
What is the expected listing gain on HGS (India) IPO?
Band-top plus the grey-market mark is ₹150, which is +25.00% on ₹120. The arithmetic is exact. The listing is not.
When does HGS (India) IPO open, close and list?
The window is 30 Oct 2026 to 3 Nov 2026. Listing is scheduled for 6 Nov 2026. On this edition the issue is open.
Is HGS (India) IPO GMP official?
No. SEBI does not recognise grey-market trades. Use the mark as a sentiment reading, then read the prospectus.
Where do I check HGS (India) IPO allotment?
The registrar is the one named in the HGS (India) prospectus. Most issues use KFintech, MUFG Intime or Bigshare. The check is free.
Listing performance
HGS (India) has not listed on this edition. Listing day is 6 Nov 2026. There is no open, high or close to show. This page stays after listing; the GMP row becomes history and the exchange print goes here.