HRS Aluglaze Limited IPO
HRS Aluglaze specializes in the design, manufacturing, and installation of a wide range of aluminium products, including windows, doors, curtain walls, cladding, and glazing systems. Its solutions are tailored to meet the specific needs of builders, contractors, architects, and institutions, offering both standard and fully customized options. The company also provides material supply and procurement support, ensuring comprehensive service coverage for diverse project requirements.
Price Band₹94 - ₹96 |
Dates11 Dec - 15 Dec |
GMP₹24 (25.00%) |
Subscriptions42 times |
Issue Size₹50.92 Crs |
HRS Aluglaze IPO Key Dates
Opening Date
11 Dec 25
Closing Date
15 Dec 25
Basis Of Allotment
16 Dec 25
Initiations Of Refund
17 Dec 25
Credit Of Shares
17 Dec 25
Listing Date
18 Dec 25
HRS Aluglaze IPO Objects
- Funding capital expenditure to set up assembly & glass glazing line at Rajoda, Ahmedabad for façade work.
- Funding of Working Capital requirements of the Company
- General Corporate Purposes
HRS Aluglaze IPO Details
Price Band₹94 - ₹96 |
Listing AtBSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹50.92 Cr (0.53 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹50.92 Cr (0.53 Cr Shares) |
Face Value₹10 per equity share |
HRS Aluglaze IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
2,400
2,30,400
Maximum
2
2,400
2,30,400
|
|||
| Small HNI |
Minimum
3
3,600
3,45,600
Maximum
8
9,600
9,21,600
|
|||
| Big HNI |
Minimum
9
10,800
10,36,800
|
|||
HRS Aluglaze IPO Subscription
Updated as on 15 Dec 2025 | 05:00:00 PM
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 19.48 | 14,43,600 | 2,81,24,400 |
| NII | 60.50 | 7,56,000 | 6,23,62,800 |
| bNII (bids above ₹10L) | 98.70 | 5,04,000 | 4,97,46,000 |
| sNII (bids between ₹2L to ₹10L) | 50.07 | 2,52,000 | 1,26,16,800 |
| Retail | 49.54 | 17,85,600 | 8,84,52,000 |
| Total | 42 | 42,60,000 | 17,89,39,200 |
HRS Aluglaze IPO GMP
The estimated Grey Market Premium of HRS Aluglaze IPO is ₹24 per share (25.00%)
Disclaimer: The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of Net Offer |
| NII | Not less than 15% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Market Maker | 2,74,800 EQ Shares |
HRS Aluglaze IPO Financials
| Particulars | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 26.33 | 42.11 | 26.69 | 22.55 |
| PAT | 4.54 | 5.15 | 1.79 | 0.87 |
| Net Worth | 24.61 | 20.11 | 9.96 | 8.17 |
| Borrowings | 41.04 | 38.66 | 24.35 | 17.91 |
| Assets | 91.16 | 80.60 | 42.43 | 34.10 |
| NAV (₹) | 17.61 | 30.87 | 15.32 | 35.70 |
| EPS (₹) | 3.25 | 3.76 | 1.31 | 1.81 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | VALUES |
|---|---|
| EBITDA | 25.42% |
| ROE | 34.24% |
| ROCE | 15.97% |
| Debt to Equity | 1.92 |
| PE Ratio | 25.53 |
| PB Ratio | 3.11 |
| Mkt Cap (in Crs.) | 185.11 |
| PAT | 12.22% |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
HRS Aluglaze IPO Peer Comparision
HRS Aluglaze IPO Peer Comparision
Promoter Details
| Name | Shareholding |
|---|---|
| Rupesh Shah | 80.75% |
| Pinky Shah | 16.90% |
| Others | 2.34% |
| Total | 99.99% |
Management Details
| Name | Designation |
|---|---|
| Rupesh Shah | Chairman & MD |
| Oswal Kantilal | CFO |
Company Details
Name: HRS Aluglaze Limited
Address: 601 W-1, 6th Floor, New York Timber Street, Opp. PSP House, B/H. S.G. Highway, Ambali Road, Jodhpur, Ahmedabad – 380 058, Gujarat, India.
Number: +91 79 26306595
Email: info@hrsaluglaze.com
Website: www.hrsaluglaze.com
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
HRS Aluglaze IPO is a SME IPO having an issue size of Rs. ₹50.92 Crs. HRS Aluglaze IPO is priced at ₹94 - ₹96 per share. The issue opens on 11 Dec 25 and closes on 15 Dec 25.
HRS Aluglaze IPO opens on 11 Dec 25 and closes on 15 Dec 25.
The estimated Grey Market Premium of HRS Aluglaze IPO is ₹24 per share (25.00%).
The minimum lot size of HRS Aluglaze IPO is 1200 shares & the minimum application amount is Rs. 115200.
The allotment date of HRS Aluglaze IPO is 16 Dec 25.
The listing date of HRS Aluglaze IPO is 18 Dec 25.
HRS Aluglaze IPO is subscribed 42 times.
HRS Aluglaze IPO is priced at ₹94 - ₹96 per share.
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