HGS (India) Ltd. IPO Details
HGS (India) was incorporated on February 13, 1986. The company manufactures geophones, geophone strings, seismic cables, geophysical connectors, and related accessories for the energy and geoscience sectors. Its products are used to acquire, record, and transmit seismic data for subsurface geological analysis
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 2.9 M | - | - | ₹0 | DRHP DOC |
HGS issue details
HGS has 2.9 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
HGS IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE |
HGS NUMBER OF SHARES ON OFFER
HGS FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY26 | 26.2 | 6.8 | 2.3 | 2.0 | 39.0% |
| FY25 | 49.1 | 10.5 | 14.1 | 13.0 | 31.2% |
| FY24 | 35.5 | 4.0 | 9.6 | 8.1 | 17.4% |
| FY23 | 29.7 | 3.7 | 11.0 | 10.4 | 21.5% |
HGS INFORMATION ON IPO ISSUE
About HGS
HGS (India) was incorporated on February 13, 1986. The company manufactures geophones, geophone strings, seismic cables, geophysical connectors, and related accessories for the energy and geoscience sectors. Its products are used to acquire, record, and transmit seismic data for subsurface geological analysis
Object of the Issue
- Funding the capital expenditure towards replacement of plant and machinery for their existing manufacturing facility at Manesar, Gurugram
- Funding the capital expenditure towards backward integration for setting up in-house gold plating facility
- Funding the capital expenditure towards Infrastructural development of building on 3rd Floor at their existing manufacturing facility at Manesar, Gurugram
- Pursuing unidentified acquisitions and general corporate purpose
HGS - PROMOTERS
| Name |
|---|
| Anil Dass |
| Shashi Singh |
| Cecilia Margareta Singh Ramel |
| Sowar Private Limited |
HGS - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Anil Dass | Managing Director |
| Dhiraj Kumar Vashista | Whole Time Director & Chief Financial Officer |
| Samir Gugnani | Whole Time Director |
| Anand Narain Bhatia | Non-Executive Director |
| Malti Sen | Chairperson & Non-Executive Director |
| Shashi Singh | Non- Executive Director |
| Ravi Indra Singh Verdi | Independent Director |
| Dileep Rao | Independent Director |
| Ravinder Singh Sodhi | Independent Director |
HGS Book Running Lead Manager
HEM Securities Limited
ib@hemsecurities.com
HGS Registrar to the Offer
KFin Technologies Limited
hgs.ipo@kfintech.com
HGS Strengths
Diversified product portfolio
The company offers a comprehensive range of seismic equipment, including geophones, seismic cables, connectors, seismographs, and related accessories, serving the energy and geoscience sectors. Its integrated product portfolio enables customers to source compatible solutions from a single platform, improving operational efficiency and simplifying procurement
Quality assurance
The company follows stringent quality standards, supported by ISO 9001:2015 and ZED Gold certifications, with rigorous testing at every stage of manufacturing to ensure product reliability and precision. It sources raw materials from trusted suppliers and combines in-house and accredited external testing to deliver high-quality products that meet customer specifications
Client relationship
The company has established long-term relationships with customers in the seismic and geoscience sectors by consistently delivering reliable, high-quality products tailored to their technical requirements. These relationships support repeat orders, stable demand, improved production planning, and strengthen the company's competitive position
HGS Risks
Permits & approvals
The company depends on various statutory licenses, permits, and regulatory approvals to operate its business, many of which require periodic renewal. Any delay, non-renewal, suspension, or failure to comply with regulatory requirements could disrupt operations, increase costs, and adversely affect its financial performance
Regulatory risks
The company is subject to stringent labour laws and employment regulations governing wages, working conditions, and employee rights. Any labour disputes, stricter regulatory requirements, wage increases, or workforce shortages could increase operating costs and adversely affect its business and financial performance
Depend on oil & gas sector
The company's business depends on exploration and production activity in the oil and gas sector, making it vulnerable to geopolitical tensions, crude oil price volatility, and reduced capital spending by energy companies. Such factors could lower demand for its products, disrupt supply chains, increase costs, and adversely affect its financial performance
IPO FAQs
The promoters of the company are Anil Dass, Shashi Singh, Cecilia Margareta Singh Ramel and Sowar Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.