HRS Aluglaze Limited IPO

HRS Aluglaze Limited IPO

SME BSE SME 100% Book Built Offer
Closed

Price Band

₹94 - ₹96

Total Issue

₹50.92 Cr

Bid Dates

11 Dec - 15 Dec

Subscription

42x

Est. GMP

₹24 (25.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

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.

Lot Info

Lot Information for HRS Aluglaze IPO
Category Lots Shares Amount
Individual (Min) 2 2,400 ₹2,30,400
Individual (Max) 2 2,400 ₹2,30,400
S-HNI (Min) 3 3,600 ₹3,45,600
S-HNI (Max) 8 9,600 ₹9,21,600
B-HNI (Min) 9 10,800 ₹10,36,800
Market Maker
2,74,800 EQ Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹50.92 Cr
Fresh Issue
₹50.92 Cr (0.53 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹24
Est. Price ₹120
Est. Gain 25.00%

HRS Aluglaze IPO Peer Comparison

There are no comparable listed peers in India as per the company

Financial Performance

(Rs. in crores)

Financial Performance Metrics for HRS Aluglaze IPO
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

KPIs

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.

Shareholding

Promoter

99.99%

Public

0.01%

Rupesh Shah 80.75%
Pinky Shah 16.90%
Others 2.34%

Management

Rupesh Shah Chairman & MD
Oswal Kantilal CFO

Registrar & Lead Managers

Lead Managers (1)

Subscription Status

Updated as on 15 Dec 2025 | 05:00:00 PM

BSE SME Subscription Status for HRS Aluglaze IPO
Category Sub (x) Offered Bids
QIB 19.48x 14,43,600 2,81,24,400
NII 82.13x 7,56,000 6,20,88,000
bHNI 98.16x 5,04,000 4,94,71,200
sHNI 50.07x 2,52,000 1,26,16,800
Individual Investor 49.54x 17,85,600 8,84,52,000
Total 44.83x 39,85,200 17,86,64,400

Frequently Asked Questions

What is HRS Aluglaze IPO?
HRS Aluglaze IPO is a SME IPO having an issue size of ₹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.
When will HRS Aluglaze IPO open?
HRS Aluglaze IPO opens on 11 Dec 25 and closes on 15 Dec 25.
What is the GMP of HRS Aluglaze IPO?
The estimated Grey Market Premium of HRS Aluglaze IPO is ₹24 per share (25.00%).
What is the lot size of HRS Aluglaze IPO?
The minimum lot size of HRS Aluglaze IPO is 1200 shares & the minimum application amount is Rs. 115200.
When is the allotment of HRS Aluglaze IPO?
The allotment date of HRS Aluglaze IPO is 16 Dec 25.
What is the listing date of HRS Aluglaze IPO?
The listing date of HRS Aluglaze IPO is 18 Dec 25.
What is the subscription of HRS Aluglaze IPO?
HRS Aluglaze IPO is subscribed 42 times.
What is the price band of HRS Aluglaze IPO?
HRS Aluglaze IPO is priced at ₹94 - ₹96 per share.
How to check allotment status of HRS Aluglaze IPO?
Click the allotment link on HRS Aluglaze IPO page of IPO360.
How to apply HRS Aluglaze IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply HRS Aluglaze IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply HRS Aluglaze IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select HRS Aluglaze IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date