HGS (India) Ltd. has announced public offering of 2880000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 110.00 per share. The gross proceeds of the issue are expected to be Rs 3,456.00 lakhs.
The company's initial public offer (IPO) will open on 30 October 2026 and is expected to close on 03 November 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 114.00-120.00 per share.
The IPO includes a fresh Issue of 2880000 Equity Shares of the Company at an price of Rs 120.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.
HGS (India) Ltd. anticipates using the proceeds of the issue for Funding the capital expenditure towards replacement of plant and machinery for the existing manufacturing facility at Manesar, Gurugram Funding the capital expenditure towards Backward Integration for setting up inhouse gold plating facility Funding the capital expenditure towards Infrastructural development of building on d Floor at the existing manufacturing facility at Manesar, Gurugram Pursuing unidentified acquisitions and general corporate purpose.
Hem Securities Limited as lead manager & KFin Technologies Ltd. is the registrar, to the issue.