HGS (India) IPO Allotment Status

Bidding open RegistrarKfin Technologies Ltd. Allotment04 Nov 2026

HGS (India) allotment expected in 5 days Wed, 04 Nov 2026

Kfin Technologies Ltd. publishes the result once the basis of allotment is final. The PAN check opens on this page as soon as it's out — come back then.

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HGS (India) IPO — Allotment & Listing Timeline

  1. IPO Open 30 Oct 2026 Today
  2. IPO Close 03 Nov 2026 Next
  3. Basis of Allotment 04 Nov 2026
  4. Refund Initiation 05 Nov 2026
  5. Credit to Demat 05 Nov 2026
  6. Listing Date 06 Nov 2026
Issue Price₹114–120
Lot Size1200 shares
Issue Size₹34.56 Cr
IPO TypeSME
Listing AtNSE
RegistrarKfin Technologies Ltd.

HGS (India) IPO — Subscription & Allotment Odds

Based on the latest subscription figures for HGS (India) IPO (overall 1.13x subscribed). The more a category is oversubscribed, the lower each applicant's chance of allotment.

Retail 100.0% (0.20x)
High chance
S-HNI 100.0% (0.08x)
High chance
B-HNI 100.0% (0.17x)
High chance

The Retail category was not fully subscribed (0.20x), so most retail applicants in HGS (India) IPO would have received a full allotment.

How Many HGS (India) Retail Applicants Get Shares

Retail shares reserved9,60,000
Minimum application2,400 shares · ₹2,88,000
Retail winners (max)400

HGS (India) set aside 9,60,000 shares for retail (individual) investors. Each successful applicant receives 2,400 shares (2 lots), so the retail quota can serve at most 400 applicants. Retail was only 0.20x subscribed, so there were fewer applicants than allotments available.

Estimate from the prospectus reservation and the final subscription; the registrar's Basis of Allotment has the exact count.

HGS (India) Retail Odds vs Earlier SME IPOs

At about 100.0%, the estimated retail odds for HGS (India) were as good as or better than all of the 10 SME IPOs before it .

Median across those 10 issues: 39.3%. Best odds: Wiscon Industries (100.0%, retail 0.66x); lowest: Acme India Industries (1.3%, retail 85.50x).

Checking HGS (India) Allotment

Enter the PAN you applied with in the box above; the check goes to Kfin Technologies Ltd., the registrar for HGS (India) IPO, which finalised the allotment on 04 Nov 2026.

How the draw of lots works is the same for every issue — see IPO Allotment Process Explained. See all recent IPO allotment results. Last updated: 30 Oct 2026, 03:35 pm IST.

HGS (India) Allotment FAQs

The registrar for HGS (India) IPO is Kfin Technologies Ltd., which finalised the allotment on 04 Nov 2026.

The HGS (India) IPO allotment date was 04 Nov 2026; the issue closed on 03 Nov 2026.

The amount blocked through your ASBA / UPI mandate is released within 1-2 working days of the 04 Nov 2026 allotment; the refund date for HGS (India) was 05 Nov 2026.

Allotted HGS (India) shares are credited on 05 Nov 2026, ahead of listing on 06 Nov 2026.

HGS (India) was subscribed 1.13x overall. Oversubscribed categories are allotted by draw of lots, each winner getting the minimum application, which in retail is 2,400 shares (2 lots). Estimated odds: Retail 0.20x, about 100.0%; S-HNI 0.08x, about 100.0%; B-HNI 0.17x, about 100.0%. QIB is allotted proportionately, not by lottery.
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