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HRS Aluglaze IPO, a SME IPO was listed on the exchange on December 18, 2025. The price band is set between ₹94 –96 , with a face value of ₹10 . Retail investors can apply with a minimum of 2 lots, each comprising 1,200 shares — amounting to ₹230,400 at the upper price.
HRS Aluglaze IPO has been successfully listed on the exchange. Track the listing performance, current stock price, and post-listing trends. This information is for education only—not investment advice.
HRS Aluglaze IPO SME Important Dates
Get important updates regarding HRS Aluglaze IPO SME tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates. Dates are updated as soon as they are announced.
Issue price ₹96
Issue
₹96
Open Date
Dec 11
Close Date
Dec 15
Allotment
Dec 10
Listing
Dec 18
Issue Size
₹50.92 Cr
Issue Price
₹94 – ₹96
Face Value
₹10/share
Market Lot
1,200 shares
Retail Min Investment
₹230,400
Listing At
BSE
Sale Type
fresh issue
Reserved for Market Maker
274,800 shares
(aggregating up to ₹2.64 Cr)
Issue Type
book building
Last updated: 3 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 18 Dec 2025 Latest | ₹96 | ₹22 | ₹118 | ₹22 |
22.92%
|
12:00 PM |
| 17 Dec 2025 | ₹96 | ₹22 | ₹118 | ₹22 |
22.92%
|
12:00 PM |
| 16 Dec 2025 | ₹96 | ₹19 | ₹115 | ₹19 |
19.79%
|
12:00 PM |
| 15 Dec 2025 | ₹96 | ₹19 | ₹115 | ₹19 |
19.79%
|
12:00 PM |
| 14 Dec 2025 | ₹96 | ₹14 | ₹110 | ₹14 |
14.58%
|
9:00 AM |
| 13 Dec 2025 | ₹96 | ₹14 | ₹110 | ₹14 |
14.58%
|
12:00 PM |
| 12 Dec 2025 | ₹96 | ₹15.5 | ₹111.5 | ₹15.5 |
16.15%
|
10:00 AM |
| 11 Dec 2025 | ₹96 | ₹15.5 | ₹111.5 | ₹15.5 |
16.15%
|
12:00 PM |
| 10 Dec 2025 | ₹96 | ₹15.5 | ₹111.5 | ₹15.5 |
16.15%
|
12:00 PM |
Latest snapshot: Dec 15, 2025
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 19.48x | — |
| NII | 82.13x | — |
| bNII (bids above ₹10L) | 98.16x | — |
| sNII (bids below ₹10L) | 50.07x | — |
| Retail Investors | 49.54x | — |
| Total | 44.83x | — |
IPO investment limits, also referred to as application limits or bidding limits, define the minimum and maximum number of shares, lots, and investment amount that investors can apply for in an IPO based on their category (Retail, HNI, or Institutional). These limits are calculated as per SEBI guidelines and help ensure fair distribution of shares. Retail investors typically have lower minimum and maximum limits compared to High Net Worth Individuals (HNI) and Non-Institutional Investors (NII). Understanding IPO application limits is essential for investors to determine how much they can invest, calculate the number of lots they can apply for, and plan their investment strategy accordingly. The investment limits table shows the lot size, number of shares, and total amount in rupees for each investor category.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹230,400 |
| Retail (Max) | 1 | 1,200 | ₹115,200 |
| S-HNI (Min) | 3 | 3,600 | ₹345,600 |
| S-HNI (Max) | 8 | 9,600 | ₹921,600 |
| B-HNI (Min) | 9 | 10,800 | ₹1,036,800 |
The IPO reservation structure, also known as share allocation breakdown, details how the total issue size is distributed among different investor categories as mandated by SEBI (Securities and Exchange Board of India) regulations. This reservation table shows the exact percentage and number of shares allocated to Qualified Institutional Buyers (QIB), Retail Individual Investors (RII), High Net Worth Individuals (HNI), Non-Institutional Investors (NII), and other reserved categories like employees and shareholders. Understanding IPO reservation percentages is crucial for investors to evaluate their probability of share allotment, as each category has different subscription levels and competition. The maximum allottees column indicates the cap on the number of investors who can receive shares in each category, helping you assess the likelihood of getting an allotment based on your investor category.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 2,487,600 (46.90%) |
|
•
Anchor Investor Shares Offered
|
1,044,000 (19.68%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
1,443,600 (27.22%) |
| NII (HNI) Shares Offered | 756,000 (14.25%) |
| Retail Shares Offered | 1,785,600 (33.67%) |
| Market Maker Shares Offered | 274,800 (5.18%) |
| Total Shares Offered | 5,304,000 (100.00%) |
HRS Aluglaze Limited specializes in customized aluminum fabrication and facade engineering, offering end-to-end solutions including material procurement, design, manufacturing, and installation for builders, architects, and institutions across India. Operating from an 11,176 sq. m. facility in Ahmedabad with in-house CNC machinery, powder coating, and a 422 KW solar system (expanding to 1 MW), it holds ISO 9001:2015 and MSME ZED Bronze certifications for quality and sustainability.
Growth Highlights: Revenue grew at a CAGR of 57.77% from ₹226.99 Cr in FY23 to ₹421.09 Cr in FY25; PAT surged from ₹8.68 Cr in FY23 to ₹51.46 Cr in FY24. Production volume rose from 5.73 lakh sq. ft. (FY24) to 7.27 lakh sq. ft. (FY25), with capacity expanding from 6 lakh to 15 lakh sq. ft. annually. Executed 70 projects in FY25 (up from 60 in FY23); order book stands at ₹103.07 Cr as of September 30, 2025.
Key Strengths: Experienced promoters with 30+ years in the sector; strong client base with repeat business; operational efficiency via in-house tech and renewable energy; pan-India execution capabilities; robust risk management and compliance (no audit qualifications); focus on bespoke, high-quality products driving market expansion.
The HRS Aluglaze IPO is expected to open in December, 2025, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for HRS Aluglaze IPO is ₹94.00 - ₹96.00 per share.
As per market sources, HRS Aluglaze IPO GMP is currently ₹22.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for HRS Aluglaze IPO stands at 44.83x overall.
The listing date for HRS Aluglaze IPO is December 18, 2025.
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