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HRS · BSE · Metal Proessing
HRS Aluglaze IPO listed on 18 Dec 2025 on BSE at ₹126.00, a gain of 31.25% over the issue price of ₹96.00. The IPO was subscribed 44.83x overall.
HRS Aluglaze IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 11 Dec 2025 |
| IPO Close Date | 15 Dec 2025 |
| Basis of Allotment | 10 Dec 2025 |
| Initiation of Refunds | 17 Dec 2025 |
| Credit of Shares to Demat | 17 Dec 2025 |
| Listing Date | 18 Dec 2025 |
Listing day gain
+31.25%
Listed at ₹126 (issue ₹96)
Issue
₹96
Listing
₹126
Current
₹132.3
+37.81% vs issue
Day range
₹126 – ₹132.3
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
Fresh Issue
[.]
Offer for Sale
[.]
Reserved for Market Maker
274,800 shares
(aggregating up to ₹2.64 Cr)
Issue Type
book building
Open Date
11 Dec
Close Date
15 Dec
Allotment
10 Dec
Listing
18 Dec
Last updated: 9 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 |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 15 Dec 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 | - |
Showing the latest subscription snapshot.
View full subscription historyNew to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹230,400 |
| Retail (Max) | 2 | 2,400 | ₹230,400 |
| 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 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| 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 basis of allotment for HRS Aluglaze IPO was finalised on 10 Dec 2025. You can check your allotment status using your PAN number or application number on the Purva Sharegistry (India) Private Limited portal or BSE.
The HRS Aluglaze IPO is expected to open in Dec 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 18 Dec 2025.
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