HGS (India) IPO Share Allotment Today: Check HGS (India) Allotment Status, Subscription Data and Online Share Allocation

Mumbai, November 4: Following the close of the subscription period, HGS (India) IPO allotment is expected to be finalised today, November 4 2026. The ₹34.56 crore bookbuilding issue was subscribed 248.58 times by November 3 2026, with the QIB category excluding anchor investors subscribed 137.92 times, NII 424.67 times and individual investors 235.72 times. Investors can check the HGS (India) IPO allotment status through the KFin Technologies registrar website or the NSE IPO application status page. The company is scheduled to list on the NSE SME platform, with November 6 2026 set as the tentative listing date. The IPO opened for subscription on October 30 2026 and closed on November 3 2026. The price band was fixed at ₹114 to ₹120 per share, with the issue price set at ₹120. The issue received substantial demand across investor categories, particularly from non-institutional investors, who recorded the highest subscription.

Steps To Check HGS (India) IPO Allotment Status On NSE, BSE And Registrar

Investors who applied for the HGS (India) IPO can check their share allotment status online once the registrar publishes the final allocation details.

Check HGS (India) IPO Allotment Status on Registrar Website

1. Visit the KFin Technologies IPO allotment website: https://ipostatus.kfintech.com/
2. Select HGS (India) IPO from the available issue list.
3. Choose the PAN, application number or demat account option.
4. Enter the required details in the relevant fields.
5. Submit the information to view the allotment status once it is available.

Check HGS (India) IPO Allotment Status on NSE

1. Visit the NSE IPO application status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
2. Select HGS (India) IPO from the available options.
3. Enter the required application details.
4. Submit the information to check the available application or allotment details.

Check HGS (India) IPO Allotment Status on BSE

1. Visit the BSE IPO application status page: https://www.bseindia.com/investors/appli_check.aspx
2. Select the equity issue option.
3. Check whether HGS (India) IPO is available in the issue list.
4. If available, enter the application number or PAN and submit the details.

HGS (India) IPO Details

HGS (India) IPO was a ₹34.56 crore bookbuilding issue comprising a fresh issue of 23,26,000 equity shares aggregating to ₹27.91 crore and an offer for sale of 5,54,000 shares aggregating to ₹6.65 crore. The price band was fixed at ₹114 to ₹120 per share, while the face value of each share was ₹10. The minimum application size for individual investors was 2,400 shares, requiring an investment of ₹2,88,000 at the upper price band. The minimum investment for the small non-institutional investor category was ₹4,32,000.

IPO Detail	Information
IPO Size	₹34.56 crore
Fresh Issue	23,26,000 shares, aggregating to ₹27.91 crore
Offer For Sale	5,54,000 shares, aggregating to ₹6.65 crore
Price Band	₹114 to ₹120
Issue Price	₹120 per share
Face Value	₹10 per share
Lot Size	1,200 shares
Minimum Individual Investment	₹2,88,000 (2,400 shares)
Maximum Individual Investment	₹2,88,000 (2,400 shares)
sNII Minimum Investment	₹4,32,000
bNII Minimum Investment	₹10,08,000
IPO Opening Date	October 30 2026
IPO Closing Date	November 3 2026
Allotment Date	November 4 2026 (tentative)
Refund/Unblocking Date	November 5 2026 (tentative)
Credit of Shares	November 5 2026 (tentative)
Listing Date	November 6 2026 (tentative)
Listing At	NSE SME
Registrar	KFin Technologies Ltd.
Lead Manager	Hem Securities Ltd.
Market Maker	Hem Finlease Pvt. Ltd.

The total issue comprised 28,80,000 shares, including 1,45,200 shares reserved for the market maker. The net offer to the public was 27,34,800 shares. Of the net offer, 13,60,800 shares were allocated to qualified institutional buyers, including the anchor investor portion, while 4,14,000 shares were reserved for non-institutional investors and 9,60,000 shares for individual investors. Following the allotment process, successful applicants are expected to receive shares in their demat accounts on November 5 2026. Refunds or the unblocking of application funds for unsuccessful applicants are also scheduled for the same date.

HGS (India) IPO Subscription Status Summary

HGS (India) IPO received total subscription of 248.58 times by the close of bidding on November 3 2026. The non-institutional investor category recorded the highest subscription at 424.67 times, followed by individual investors at 235.72 times and QIB excluding anchor investors at 137.92 times.

Category	Subscription
QIB Ex-Anchor	137.92x
NII	424.67x
bNII (Above ₹10 Lakh)	493.16x
sNII (Below ₹10 Lakh)	291.21x
Individual Investors	235.72x
Total	248.58x

The bNII category, representing applications above ₹10 lakh, recorded subscription of 493.16 times, while the sNII category was subscribed 291.21 times. The QIB category excluding anchor investors received bids for 7,54,69,200 shares against 5,47,200 shares offered. Individual investors submitted bids for 22,62,86,400 shares against 9,60,000 shares available in their category. The issue attracted bids for 47,75,70,000 shares against 19,21,200 shares offered in the categories included in the subscription calculation. Demand increased sharply on the final bidding day, with non-institutional and individual investors recording substantial subscription levels.

Day Wise Subscription Details

HGS (India) IPO opened for bidding on October 30 2026 and closed on November 3 2026. The issue recorded moderate demand on the opening day before witnessing a significant increase in subscription during the second and final bidding days.

Date	QIB Ex-Anchor	NII	bNII	sNII	Individual Investors	Total
October 30 2026	1.77x	1.24x	1.83x	0.10x	0.25x	1.16x
November 2 2026	4.88x	31.56x	33.54x	27.71x	25.56x	20.96x
November 3 2026	137.92x	424.67x	493.16x	291.21x	235.72x	248.58x

On the first bidding day, October 30 2026, the IPO received 1.16 times subscription, supported by QIB demand of 1.77 times and NII subscription of 1.24 times. Individual investor subscription stood at 0.25 times. Overall subscription increased to 20.96 times by November 2 2026, with NII demand reaching 31.56 times and individual investor subscription rising to 25.56 times. The QIB category excluding anchor investors recorded subscription of 4.88 times. The final bidding day, November 3 2026, recorded the largest increase in demand, taking overall subscription to 248.58 times. NII subscription rose to 424.67 times, while individual investors subscribed 235.72 times and QIB excluding anchor investors reached 137.92 times.

About HGS (India)

HGS (India) entered the primary market with a ₹34.56 crore bookbuilding issue. The IPO was open for subscription from October 30 2026 to November 3 2026, with the issue price fixed at ₹120 per share. The company appointed Hem Securities Ltd. as the book-running lead manager, while KFin Technologies Ltd. was appointed registrar to the issue. Hem Finlease Pvt. Ltd. was named as the market maker. The company is scheduled to list its equity shares on the NSE SME platform following completion of the allotment and post-issue formalities. The tentative listing date is November 6 2026.

Conclusion

HGS (India) IPO allotment is expected to be finalised today, November 4 2026, after the issue received overall subscription of 248.58 times. The non-institutional investor category recorded the highest demand at 424.67 times, while individual investors and QIB excluding anchor investors subscribed 235.72 times and 137.92 times, respectively. Investors can check their share allocation through KFin Technologies or NSE once the allotment details are published. Refunds and share credits are tentatively scheduled for November 5 2026, ahead of the proposed NSE SME listing on November 6 2026.

Source: 

• https://www.nseindia.com/market-data/issue-information?symbol=HGSINDIALT&series=SME&type=Closed