HGS (India) IPO listing: listed at ₹160, +33.3% over the issue price
HGS (India) listed on NSE SME on 6 Nov 2026 at ₹160 per share, +₹40 (+33.3%) against the upper price band of ₹120. The issue (price band ₹114 – ₹120, bidding 30 Oct 2026 to 3 Nov 2026) was subscribed 248.58x overall. The last grey-market premium we captured before listing was ₹29 on 5 Nov 2026 (daily average of 12 quotes), which implied a listing price of ₹149; the shares listed at ₹160, ₹11 above that.
Updated 14 Nov 2026, 07:10 IST. Unofficial grey-market figures, dated.
Listing day facts
| Listing date | 6 Nov 2026 |
|---|---|
| Exchange | NSE SME |
| Listing price | ₹160 |
| Upper price band (issue price basis) | ₹120 |
| Gain or loss vs upper band | +₹40 per share (+33.3%) |
| Price band | ₹114 – ₹120 |
| Issue dates | 30 Oct 2026 to 3 Nov 2026 |
| Subscription (overall, at close) | 248.58x, as of 3 Nov 2026 |
| Lot size | 1,200 shares |
| Gain or loss per lot vs upper band | +₹48,000 |
Grey-market premium against the actual listing
The last grey-market premium we captured before listing was ₹29 on 5 Nov 2026 (daily average of 12 quotes), which implied a listing price of ₹149; the shares listed at ₹160, ₹11 above that.
| Date | GMP | Implied listing price | Actual listing vs implied | Quotes captured |
|---|---|---|---|---|
| 30 Oct 2026 | ₹19 | ₹139 | +₹21 (+15.1%) | 8 |
| 31 Oct 2026 | ₹30 | ₹150 | +₹10 (+6.7%) | 13 |
| 1 Nov 2026 | ₹30 | ₹150 | +₹10 (+6.7%) | 9 |
| 2 Nov 2026 | ₹30 | ₹150 | +₹10 (+6.7%) | 10 |
| 3 Nov 2026 | ₹26 | ₹146 | +₹14 (+9.6%) | 12 |
| 4 Nov 2026 | ₹24 | ₹144 | +₹16 (+11.1%) | 14 |
| 5 Nov 2026 | ₹29 | ₹149 | +₹11 (+7.4%) | 12 |
GMP is unofficial and unregulated; these are the quotes our desk feed captured, averaged by day. Only the price band and the exchange listing price are official.
Frequently asked questions
What was the HGS (India) IPO listing price?
HGS (India) listed on NSE SME on 6 Nov 2026 at ₹160 per share.
How did HGS (India) list against the issue price?
The listing price of ₹160 was +₹40 per share (+33.3%) against the upper price band of ₹120.
What did the grey market indicate before HGS (India) listed?
The last grey-market premium we captured before listing was ₹29 on 5 Nov 2026 (daily average of 12 quotes), which implied a listing price of ₹149; the shares listed at ₹160, ₹11 above that. GMP is unofficial and not a forecast.
Where do HGS (India) shares trade now?
On NSE SME. Check the exchange for the current quote; BuyUnlistedShares tracks unlisted shares and does not quote listed prices.
HGS (India) IPO overview · GMP history · Subscription status · Allotment status
Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. Data as of 14 Nov 2026.
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