About HGI Automotives IPO
HGI Automotives IPO Details
HGI Automotives IPO is a 100% fixed-price issue of 75 lakh equity shares, entirely a fresh issue of shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on September 29, 2025.
The price band and official dates of subscription and listing will be announced by the company later, but the shares are intended to be listed on the BSE SME platform. The book-running lead manager of this issue is Nirbhay Capital Services Pvt. Ltd., while KFin Technologies Ltd. has been appointed as the registrar to the issue.
HGI Automotives IPO Date & Timeline
HGI Automotives Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on September 29, 2025. However, the specific HGI Automotives IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalise the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.
HGI Automotives IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
HGI Automotives IPO Details
| Detail | Description |
|---|---|
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Fresh Capital |
| Total Issue Size | 75,00,000 shares (agg. up to ₹[.] Cr) |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | - |
| Offer for Sale | - |
| Net Offered to Public | - |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,71,52,770 shares |
| Share Holding Post Issue | 2,46,52,770 shares |
HGI Automotives IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The HGI Automotives IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Company Background
HGI Automotives Ltd. was incorporated as a private limited company on June 1, 1998, in the National Capital Territory of Delhi and Haryana. The business transitioned into a public limited company, officially adopting the name HGI Automotives Ltd. on April 22, 2025. Headquartered in Faridabad, Haryana, the company has evolved over nearly three decades (nearly 30 years) into a significant player in the automotive component manufacturing sector, reflecting its long-standing commitment to the Indian automotive industry and its ability to adapt to changing market demands.
Operations & Product Range
HGI Automotives Ltd. functions as a specialist component and assembly manufacturer that caters to the needs of the automobile industry. The products offered by HGI include vital engine parts, transmission components and many others, all of which are produced in accordance with the high-quality requirements set forth by leading vehicle manufacturers. The primary strategy of the company is to become a valuable contributor to the manufacturing of finished goods by OEMs by supplying key components thereof.
Facilities & Capacity
HGI Automotives Ltd.'s manufacturing operations are carried out at its key factory units I & II, which are situated in Faridabad, Haryana, using modern technology like parametric leak testers, drill machines, and trim presses to achieve bulk manufacturing operations of top-notch quality. The plants have complex manufacturing processes that are performed following stringent industrial regulations on safety measures and waste management, providing an ideal foundation for expanding future manufacturing capacities owing to the increasing demand for vehicles.
Brands & Market Presence
HGI Automotives Ltd. has carved out a niche in the home-based Indian automobile industry due to its status as an efficient partner to some of the world's best vehicle manufacturing firms. Its strength lies in its long-standing experience and technical qualifications that have enabled it to retain its position in an intensely competitive sector. Though mainly concerned with the local market, its products are produced in accordance with global standards, improving its image among multinational OEMs.
Revenue Streams & Business Model
HGI Automotives Ltd. primarily generates revenue by selling precision-engineered automotive components and assemblies to domestic OEMs, as they have mentioned in the DRHP that their main revenue source base is in Uttar Pradesh and Haryana. For FY25, the company has reported revenue from operations at ₹12,137.33 lakh. The B2B strategy is based on economies of scale and quality control to ensure that business ties remain for an extended period. The company manages costs through localised procurement and technical efficiency, aiming to maintain competitive margins while supporting the heavy capital requirements of the manufacturing industry.
Management & Shareholding
HGI Automotives Ltd. is promoted by Suresh Chand Garg, Deepak Gupta, Kusum Gupta and the corporate promoter entity M/s. SSK Automotive Private Limited. Before the IPO, the promoters collectively held 98.53% of the ownership of the company, but after the IPO, the promoters will face dilution in the ownership, as the issue offered a fresh issue of 75 lakh equity shares, which invites new shareholders into the management.
Board & Key Management
The board members and key executives of HGI Automotives Ltd., headed by Suresh Chand Garg, who acts as Chairman & Managing Director, are assisted by Deepak Gupta as Whole-Time Director, providing consistency and professional knowledge from the family. Ashutosh Raj is the Company Secretary & Compliance Officer, whereas Deepak Gupta also acts as the Chief Financial Officer. The board ensures that there is proper independent guidance in decision-making in accordance with the regulations.
HGI Automotives IPO Financial Information
Latest Revenue
122.25
₹ Crore
Profit After Tax
8.58
₹ Crore
Net Worth
17.76
₹ Crore
Total Borrowing
42.66
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 73.97 | 122.25 | 8.58 | 17.76 | 16.30 | 42.66 | |||
| 31 Mar 2024 | 45.81 | 99.79 | 3.64 | 9.27 | 7.89 | 27.39 | |||
| 31 Mar 2023 | 36.27 | 84.22 | 2.12 | 5.96 | 4.25 | 22.64 | |||
| Amount in ₹ Crore | |||||||||
HGI Automotives Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 62.13% |
| ROCE | 37.03% |
| Debt/Equity | 2.37 |
| RoNW | 48.31% |
| PAT Margin | 7.07% |
| EBITDA Margin | 15.28% |
| Price to Book Value | - |
HGI Automotives IPO Objectives
The company plans to use the HGI Automotives IPO proceeds for strategic purposes:
- • Funding the working capital requirements
- • General corporate purposes
HGI Automotives IPO Review
HGI Automotives Ltd. represents a well-established player in the traditional automotive manufacturing space, benefitting from nearly 3 decades of experience and a concentrated but strong client base. By focusing on precision components for OEMs, the company has built a business integral to the supply chain of several major vehicle manufacturers. Its financial profile shows significant scale, with an annual turnover exceeding ₹240 crore, indicating a strong operational capacity.
However, due to the company’s heavy dependence on its key customers and the automotive industry, any changes in the buying policies of these major customers and a possible decline in the automotive industry might affect the revenue generation process. Additionally, the absence of long-term agreements might pose risks for the pricing and volume levels.
This problem mostly seeks to enhance the balance sheet and the working capital requirements for a high-volume production firm. The future operations of the company may rely on its ability to expand the customer portfolio and adapt to emerging innovations in the automotive industry, such as the shift towards mobility services.
Conclusion
HGI Automotives IPO is an opportunity for investors to invest in an organisation that has taken 27 years to build itself as a trustworthy supplier of components. It has strong connections in the market and has also set up factories in the state of Haryana. The company is well-positioned in the country’s automobile environment and it has a steady flow of financials.
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Competitive Strengths
A proven track record in the Indian automotive industry spanning nearly 3 decades
Strong partnership with top OEMs in the automotive industry
Technological prowess in producing precision parts adhering to international quality benchmarks
A seasoned management team and promoters with extensive experience in the manufacturing field
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | SEBI/Exchange approval received | 13/11/2025 | - |
| 2 | Filed with SEBI/Exchange | 29/09/2025 | View DRHP |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | — | — | |
| Individual investors (Retail) (Max) | — | — | |
| S-HNI (Min) | — | — | |
| S-HNI (Max) | — | — | |
| B-HNI (Min) | — | — |