HGS (India) Ltd. IPO
IPO Timeline
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30 Oct 2026Bidding Starts
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3 Nov 2026Bidding Ends
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4 Nov 2026Allotment Finalization
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6 Nov 2026Listing
About HGS (India) Ltd.
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. The 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.
The product portfolio includes Geophone Elements precision-engineered for high-resolution surveys, including ultrasensitive models for passive monitoring. Alongside these, we manufacture custom-configured Geophone Strings tailored for land and marsh environments. Beyond core sensor technology, the 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 the 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 the 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 the vast product-line. the products are custom-developed to satisfy specific customer requirements. the 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. Beyond seismic data acquisition systems, we also manufacture cables and connectors for resistivity meters and radar equipment. As a One Star Export House, we maintain a broad global client base across the United States, Germany, Sweden, Switzerland, Estonia, Slovakia, Netherlands, South Africa, Saudi Arabia, Australia, Spain, United Kingdom, Norway, Ukraine, Brazil, Canada, Indonesia, Denmark, UAE and many other nations. the primary focus is delivering integrated services to global seismic contractors and major oil companies.
HGS (India) Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 8,16,480 (28.35%) |
| Market Makers | 1,45,200 (5.04%) |
| Non Institutional Investors | 4,14,000 (14.38%) |
| Qualified Institutional Buyers (QIBs) | 5,44,320 (18.9%) |
| Retail Individual Investors (RIIs) | 9,60,000 (33.33%) |
HGS (India) Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2026 | 44.21 Cr | 11.17 Cr | 77.71 Cr |
| 31 Mar 2025 | 48.75 Cr | 9.89 Cr | 75.63 Cr |
| 31 Mar 2024 | 33.62 Cr | 3.87 Cr | 83.70 Cr |
HGS (India) Ltd. Background
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1986Incorporation of Company in the name of “Geosource India Limited”.
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1989Commencement of Factory Unit 37-38, Udyog Vihar, Gurgaon.
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1992Change in name of the Company from “Geosource India Limited” to “HGS (India) Limited”.
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2005Accredited with ISO 9001:2015 for Design & Manufacture of marsh and land geophone strings, geophysical connectors, seismic cables and their accessories.
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2006Received recognition certificate of 100% Export Oriented Unit by Noida Special Economic Zone, Ministry of Commerce and Industry.
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2009Awarded as “Emerging India Awards” powered by CRISIL. 2009-10
Surrender of Factory Unit 37-38, Udyog Vihar, Gurgaon and Commencement of Factory Unit 158, Sector-4, Industrial estate, Ch. Devi Lal IMT Manesar, Gurgaon, Haryana.
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2010Received recognition certificate of One Star Export House by Ministry of Commerce and Industry.
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2011Commencement of Factory Unit 146, Sector-5, IMT Manesar, Gurgaon.
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2012Awarded as “India SME 100 Awards” by Bank of India “Celebrating SME Achievers of 2012.”
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2013Awarded with Second prize “CraftsPerson National Award 2013” by MSME.
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2015Formation of 100% Subsidiary “HGS Products B.V.”
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2017Awarded as Best Manufacturer Exporter (small) presented by ECGC Ltd “Indian Exporters’ Excellence Awards 2017”.
Awarded as “SME Business Excellence Awards 2017” by Dun & Bradstreet.
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2018Awarded as SME Empowering India Awards 2018 under the category of Engineering Goods.
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2021Awarded as SME Empowering India Awards 2021 under the category of Electronic Products & Solutions.
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2024Surrender of Factory Unit 146, Sector-5, IMT Manesar, Gurgaon and consolidation of operations at existing factory, 158, Sector-4, Industrial estate, Ch. Devi Lal IMT Manesar, Gurgaon, Haryana.
Received Gold Recognition Certificate of Zero Defect Zero Effect from MSME.
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2025Awarded as SME Empowering India Awards 2025 under the category of Engineering Products and Equipment.
Offer for Sale
The Company will not receive any proceeds of the Offer for Sale by the Selling Shareholders. Each of the selling Shareholders will be entitled to the respective proportion of the proceeds of the Offer for Sale after deducting their portion
of the Offer related expenses and relevant taxes thereon. Other than the listing fees for the Offer, all cost, fees and expenses in respect of the Offer will be shared amongst the Company and Selling Shareholders, respectively, in proportion to the proceeds received for the Fresh issue and their respective portion of Offered Shares, as may be applicable, upon the
successful completion of the Offer.
Object of the Issues are:
1. Funding the capital expenditure towards replacement of plant and machinery for the existing manufacturing facility at Manesar, Gurugram.
2. Funding the capital expenditure towards Backward Integration for setting up in-house gold plating facility.
3. Funding the capital expenditure towards Infrastructural development of building on 2d Floor at the existing manufacturing facility at Manesar, Gurugram.
4. Pursuing unidentified acquisitions and general corporate purpose.
The Promoters of the companys are:
1. Anil Dass.
2. Cecilia Margareta Singh Ramel.
3. Shashi Singh.
4. Sowar Private Limited.
India has 26 sedimentary basins covering an area of 3.36 Million SqKm spread over onland, shallow water and deep water.
As a base to launch future Exploration and Production (E&P) activities in the country, appraisal of all un-appraised areas
by acquiring Geo-scientific data with
...
Read more
Phone no:46066604
FAQs
When does HGS (India) Ltd. IPO opens and closes?
HGS (India) Ltd. IPO opens from 30th October to 3rd November 2026.What is the size of HGS (India) Ltd. IPO?
The size of the HGS (India) Ltd. IPO is ₹34.56 Cr.What is the price range of HGS (India) Ltd. IPO?
The price range of HGS (India) Ltd. IPO is at ₹114 to ₹120 per share.What is the minimum investment and lot size required for the HGS (India) Ltd. IPO?
The minimum investment required is ₹1,44,000 and minimum lot size is 1200 shares.When is HGS (India) Ltd. IPO listing date?
The HGS (India) Ltd. IPO will be listed on 6th November 2026.What is the objective of HGS (India) Ltd. IPO?
Offer for SaleThe Company will not receive any proceeds of the Offer for Sale by the Selling Shareholders. Each of the selling Shareholders will be entitled to the respective proportion of the proceeds of the Offer for Sale after deducting their portion
of the Offer related expenses and relevant taxes thereon. Other than the listing fees for the Offer, all cost, fees and expenses in respect of the Offer will be shared amongst the Company and Selling Shareholders, respectively, in proportion to the proceeds received for the Fresh issue and their respective portion of Offered Shares, as may be applicable, upon the
successful completion of the Offer. Object of the Issues are:
1. Funding the capital expenditure towards replacement of plant and machinery for the existing manufacturing facility at Manesar, Gurugram.
2. Funding the capital expenditure towards Backward Integration for setting up in-house gold plating facility.
3. Funding the capital expenditure towards Infrastructural development of building on 2d Floor at the existing manufacturing facility at Manesar, Gurugram.
4. Pursuing unidentified acquisitions and general corporate purpose.
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