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HGS India Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the HGS India Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹120
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,44,000
Issue Size
₹34.56 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.1%
QIB Quota
49.76%
NII Quota
15.14%
IPO Timeline
Important dates for your applying strategy.
IPO Opens30 Oct
IPO Closes3 Nov
Basis of Allotment4 Nov
Refund Initiation5 Nov
Shares Credited5 Nov
HGS India Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
87.3%
Promoter Holding (Post-Issue)
64.34%
Issue Type
Book Building - SME
ISIN
INE813R01012
About the Company
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.
Company History
Our Company was originally incorporated as Public Limited Company in the name of "Geosource India Limited" under the Companies Act, 1956 vide Certificate of Incorporation dated February 13, 1986 issued by the Registrar of Companies, Delhi, Haryana ("RoC") bearing CIN U74899DL1986PLC023341. Further, pursuant to Special Resolution passed by the shareholders at the Extra Ordinary General Meeting held on March 17, 1992, the name of our Company was changed from "Geosource India Limited" to "HGS (India) Limited" and a fresh certificate of incorporation pursuant to change of name was issued by the Registrar of Companies, Delhi and Haryana vide certificate dated June 10, 1992.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Consolidated figures
Revenue
Amount in ₹ crore
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
initial public offer of up to 28,80,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of HGS (India) Limited ("The Company" or "HGS" or "The Offeror") at an offer price of Rs. 120 per equity share (including share premium of Rs. 110 per equity share) for cash, aggregating up to Rs. 34.56 Crores ("Public Offer") comprising of a fresh issue of up to 23,26,000 equity shares aggregating to Rs. 27.91 Crores (the "Fresh Issue") and an offer for sale of up to 5,54,000 equity shares by the selling shareholders, Pawan Singh, Anjali Singh, Trishna Singh, Beena Dosija, Karan Singh, Preneet Kaur, Anil Seth, Archna Dosija, Girrendra Kaur, Veena Uttamsingh, Anil Henrik Ramel Singh and Chaya Cecilia Ramel Homann ("Offer for Sale") aggregating to Rs. 6.65 Crores, (hereinafter refferd as "Selling Shareholders") out of which 1,45,200 equity shares of face value of Rs. 10 each, at an offer price of Rs. 120 per equity share for cash, aggregating Rs. 1.74 Crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. Offer of 27,34,800 equity shares of face value of Rs. 10 each, at an offer price of Rs. 120 per equity share for cash, aggregating up to Rs. 32.82 Crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 26.52 % and 25.19 % respectively of the post- offer paid-up equity share capital of the company. Price Band: Rs. 120/- per equity share of face value of Rs. 10 each. The floor price is 12.00 times of the face value of the equity shares. Bids can made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Wide product portfolio catering to various end user industries.
- Precision engineering expertise with complex product manufacturing capabilities.
- Long term and well-established relationships with customers.
Frequently Asked Questions
01What is the minimum investment required to apply for this IPO?
The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.
02How is IPO allotment decided?
IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.