HGS (India) Limited

HGS (India) Limited, (HGSI) was established in 1986 in technical and financial collaboration with Geosource Inc USA, to manufacture geophone strings, seismic cables & connectors. When Geosource Inc was bought out by HGS Inc USA, Geosource India Limited changed its name to HGS (India) Ltd.

We are engaged in the business of manufacturing geophones, geophone strings, seismic cables, geophysical connectors, and parts and accessories for geophysical equipment for the seismic industry within the energy and geoscience sectors. Our products are used in the acquisition of seismic data and are integral to recording and transmitting ground vibration signals for the processing, interpretation, and analysis of subsurface geological structures.

Our product portfolio includes Geophone Elements precision-engineered for high-resolution surveys, including ultra-sensitive models for passive monitoring. Alongside these, we manufacture custom-configured Geophone Strings tailored for land and marsh environments. Beyond core sensor technology, our offerings span the full spectrum of seismic accessories. This includes Seismographs & Accelerographs, Seismometers, Seismic System Cables, Panel-mount Connectors, Battery Chargers and equipment like Weight Drops and Pig Tracking Systems. This wide range ensures seamless client compatibility across diverse field operations. We manufacture our products under the brand name "HG" that sets the standard for quality and reliability. Over the years we have also invested in backward integration where we focus on critical component manufacturing with multiple extrusion and cable lines to meet wire and cable requirements and 16 Injection Moulding Machines to manufacture components internally. This vertical integration ensures absolute quality control over every input used in their final assemblies.

We manufacture our products utilizing raw materials like: engineered plastic granules, copper, brass, aluminium and stainless steel and mild steel and special conductors designed to meet the operational and quality standards of our vast product-line. Our products are custom-developed to satisfy specific customer requirements. Our solutions are utilized extensively in Oil & Gas Exploration, Defence Research, Mineral Exploration, Vibration Monitoring, Geophysical Seabed Surveys, Earthquake Seismology, and Applied & Academic Research industries & Institutes.

IPO Date

30 Oct 2026 – 3 Nov 2026

Face Value

₹10

Price Band

₹114–₹120

Lot Size

1,200 shares

Total Issue Size

₹34.56 Cr (28,80,000 equity shares)

Fresh Issue Size

₹27.91 Cr (23,26,000 equity shares)

Offer for Sale Size

₹6.65 Cr (5,54,000 equity shares)

Retail Portion

—Not observedShares offered, as recorded by the exchange

Issue Type

—Not observed

Listing At

NSE SME

Amounts in Cr are calculated at the upper price band. Equity-share counts are shown in parentheses. Missing values remain unreported.

Calculated at the upper price band. The exchange states that individual investors in this SME issue bid for exactly 2 lots; small non-institutional bids are above that up to ₹10 lakh, and big non-institutional bids are above ₹10 lakh.

Shares

1,200

Application amount

₹1,44,000

1 lots × 1,200 shares × the top of ₹114–₹120. This calculates application size; it does not recommend applying.

The last reading in each 15-minute interval, including each day's final reading. Exchanges and categories stay separate. Lines stop across days, source changes and gaps over 20 minutes.

Last accepted reading for each IST day and category. Readings are not labelled final unless confirmed by the source.

Objects of the IPO

As the prospectus lists them, in its words, with the amount its fund requirement table estimates for each; this is not an independent assessment. An amount left to the issue price is stated only in the final prospectus.

Read the objects in the original prospectus