HGS India Ltd. is scheduled to open its initial public offering on October 30, with the subscription window closing on November 3, 2026. The issue comprises 28.8 lakh fresh equity shares and is expected to raise Rs. 34.56 crore. The price band has been set at Rs. 114–120 per share.
The company plans to use the proceeds for replacing machinery at its Manesar facility, establishing an in-house gold-plating facility, infrastructure development and general corporate purposes, including potential acquisitions. Investors should review the company’s offer document for its financial track record, customer concentration and the risks associated with its manufacturing business.
