HRS Aluglaze IPO
HRS Aluglaze
HRS Aluglaze IPO IPO, a SME IPO has closed for subscription. The price band is set between ₹94 –96 , with a face value of ₹10 . Retail investors can apply with a minimum of 1 lot, each comprising 1,200 shares — amounting to ₹115,200 at the upper price. The listing date on the exchange (BSE) is December 18, 2025.
The HRS Aluglaze IPO IPO subscription has closed. Investors who applied for shares can now check their IPO allotment status online. The basis of allotment for HRS Aluglaze IPO IPO has been finalized, and you can verify whether you have been allotted shares by checking the registrar's website using your PAN number, application number, or DP ID. If you have been allotted shares, they will be credited to your demat account before the listing date. If not allotted, the refund amount will be processed to your bank account as per the timeline.
HRS Aluglaze IPO SME IPO Important Dates
Get important updates regarding HRS Aluglaze IPO SME IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates. Dates are updated as soon as they are announced.
IPO Timeline & Key Dates
* Tentative; subject to confirmation.
Price Band & Investment Details
| Issue Size | ₹50.92 Cr |
| Issue Price | ₹94 – ₹96 |
| Face Value | ₹10/share |
| Market Lot | 1,200 shares |
| Retail Min Investment | ₹115,200 |
| Listing At | BSE |
| Sale Type | fresh issue |
| Reserved for Market Maker | ₹2.64 Cr |
| Issue Type | book building |
HRS Aluglaze IPO Grey Market Premium (GMP) - Current & Historical Rates
Last updated: 17 hours ago
HRS Aluglaze IPO Grey Market Premium (GMP) History - Track Record & Historical Data
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 16 Dec 2025 Latest | ₹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 |
Subscription (Latest Snapshot)
View Detailed SubscriptionLatest snapshot: Dec 13, 2025
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 1.08x | — |
| NII | 1.51x | — |
| Retail Investors | 2.69x | — |
Registrar
- Registrar
- Purva Sharegistry (India) Private Limited
- Registrar Phone
- +91 22 4961 4132
- Registrar Email
- newissue@purvashare.com
- Registrar Address
- 9 Shiv Shakti Industrial Estate, J. R. Boricha Marg, Lower Parel East, Mumbai - 400 011, Maharashtra, India
HRS Aluglaze IPO Investment Limits
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) | 1 | 1,200 | ₹115,200 |
| Retail (Max) | 1 | 1,200 | ₹115,200 |
| S-HNI (Min) | 2 | 2,400 | ₹230,400 |
| S-HNI (Max) | 8 | 9,600 | ₹921,600 |
| B-HNI (Min) | 9 | 10,800 | ₹1,036,800 |
IPO Reservation
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 | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 2,487,600 (46.90%) | NA |
|
•
Anchor Investor Shares Offered
|
1,044,000 (19.68%) | NA |
|
•
QIB (Ex. Anchor) Shares Offered
|
1,443,600 (27.22%) | NA |
| NII (HNI) Shares Offered | 756,000 (14.25%) | NA |
| Retail Shares Offered | 1,785,600 (33.67%) | NA |
| Market Maker Shares Offered | 274,800 (5.18%) | NA |
| Total Shares Offered | 5,304,000 (100.00%) | — |
Company Overview
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.
- Founded In
- 2012
- Managing Director
- Rupesh Pravinbhai Shah (Managing Director and Chairman)
- Headquarters
- Registered Office: Office No. 601, 6th Floor, W-1 Building, New York Timber Street, Off Sarkhej-Gandhinagar Highway, Opposite PSP House, Sanidhya, Ahmedabad, Gujarat 380054, India
- Website
- hrsaluglaze.com
- Industry
- Metal Proessing
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