HGS (India) Shares List At ₹160 On NSE SME, 33.33% Above IPO Price

Mumbai, November 06: Shares of HGS (India) made their stock market debut at ₹160 apiece on the NSE SME platform on Friday, November 6, 2026. The listing price was ₹40, or 33.33%, above the company’s final IPO price of ₹120 per share.

The debut followed the company’s ₹34.56 crore initial public offering, which received 248.58 times overall subscription during its three-day bidding period from October 30 to November 3, 2026.

HGS (India) Shares Rise To ₹168 After Listing

Following the debut, HGS (India) shares moved higher during the trading session. At 10:15:38 AM IST, the stock was trading at ₹168, according to the market snapshot.

The price was ₹8, or 5%, above the listing price of ₹160. Compared with the ₹120 IPO issue price, the stock was trading ₹48, or 40%, higher at the time of the snapshot.

The market snapshot showed an opening price of ₹160, a quoted price of ₹168 and a VWAP of ₹161.60.

₹34.56 Crore IPO Included Fresh Issue And Offer For Sale

HGS (India)’s IPO comprised a fresh issue of 23.26 lakh shares aggregating to ₹27.91 crore and an offer for sale (OFS) of 5.54 lakh shares worth ₹6.65 crore.

In a fresh issue, the company issues new shares to raise capital. Under an OFS, existing shareholders sell their shares, with the proceeds going to the selling shareholders.

The total issue comprised 28.80 lakh shares, including 1.452 lakh shares reserved for the market maker.

IPO Received 248.58 Times Overall Subscription

The IPO received 248.58 times overall subscription by the close of bidding on November 3, 2026.

The non-institutional investor (NII) category was subscribed 424.67 times, while the individual investor category received 235.72 times subscription. The qualified institutional buyer (QIB) portion, excluding anchor investors, was subscribed 137.92 times.

NII Category Recorded 424.67 Times Subscription

The NII category received bids for 17,58,14,400 shares against 4,14,000 shares offered. Within this category, applications above ₹10 lakh were subscribed 493.16 times, while those below ₹10 lakh received 291.21 times subscription.

Individual investors bid for 22,62,86,400 shares against 9,60,000 shares offered. The QIB category, excluding anchor investors, received bids for 7,54,69,200 shares against 5,47,200 shares offered.

IPO Price Was Fixed At ₹120 Per Share

HGS (India) had set its IPO price band at ₹114–₹120 per share and fixed the final issue price at the upper end of the band at ₹120.

The lot size was 1,200 shares, taking the minimum retail application amount to ₹1,44,000 at the final issue price. The shares were listed on the NSE SME platform on November 6, following the completion of the allotment process.

HGS (India) Share Price Snapshot At 10:15 AM

At 10:15:38 AM IST on November 6, HGS (India) shares were trading at ₹168 on the NSE SME platform.

The stock was 5% above its ₹160 listing price and 40% above the ₹120 IPO issue price. The market snapshot showed a VWAP of ₹161.60.

Conclusion

HGS (India) shares debuted at ₹160 on the NSE SME platform, marking a 33.33% premium over the IPO issue price of ₹120. The stock moved to ₹168 by 10:15:38 AM IST, taking its gain over the listing price to 5%. The ₹34.56 crore IPO received 248.58 times overall subscription, led by 424.67 times subscription in the NII category.

Source:

• https://www.nseindia.com/get-quote/equity/HGSINDIALT/HGS-(India)-Limited