The basis of allotment for the SME initial public offering of HGS (India) Limited was officially finalised on Wednesday, November 4, 2026.

The ₹34.56 crore book-built issue closed its bidding window on November 3, 2026, receiving massive investor response and finishing with an overall subscription of 248.65 times.

Applicants who applied for the issue can now check their allotment status online through the registrar or exchange portals.

📊 Final Subscription Status Overview

During the bidding period (October 30 to November 3, 2026), the issue witnessed heavy traction across all categories, closing at 248.65x overall:

  • Non-Institutional Investors (NIIs / HNIs): Subscribed 425.02x
  • Retail Individual Investors (RIIs): Subscribed 235.72x
  • Qualified Institutional Buyers (QIBs): Subscribed 137.92x
  • Total Subscription: 248.65x

🔍 How to Check HGS (India) IPO Allotment Status

Investors can verify their allotment status using either of the two official channels:

1. Through the Registrar Website (KFin Technologies Limited)

  1. Visit the official KFin Technologies IPO Allotment Page.
  2. Select HGS (India) Limited from the drop-down list of companies.
  3. Choose your preferred search method: PAN Number, Application Number, or Demat Account / Client ID.
  4. Enter your details and click Submit to view your live status.

2. Through the NSE Official Website

  1. Go to the NSE SME Allotment Status Verification Page.
  2. Select Equity & SME IPO Bid Details.
  3. Choose HGSINDIALT from the symbol drop-down menu.
  4. Provide your PAN Number and Application Number, then click Submit.

📅 Upcoming Timeline & Listing Details

  • Basis of Allotment: November 4, 2026
  • Initiation of Refunds / Unblocking of Funds: November 5, 2026
  • Credit of Shares to Demat Accounts: November 5, 2026
  • Official Stock Exchange Listing (NSE SME): November 6, 2026
⚠️ Disclaimer: This content is for informational purposes only. Please verify your allotment status directly on the official registrar or exchange portals and consult a certified financial advisor before making financial decisions.