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Subscription Status · Dec 11 – Dec 15, 2025 · ₹94–96
The HRS Aluglaze IPO subscription has recorded strong investor demand with an overall subscription of 44.83× as of Dec 15, 2025, indicating that investors applied for 44.83 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Dec 15, 2025, 5:51 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed | Applications |
|---|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
1,443,600 | 28,124,400 |
19.48×
|
- |
|
NII
Non-Institutional Investors
|
756,000 | 62,088,000 |
82.13×
|
- |
|
bNII
Bids above ₹10L
|
504,000 | 49,471,200 |
98.16×
|
- |
|
sNII
Bids below ₹10L
|
252,000 | 12,616,800 |
50.07×
|
- |
|
Retail
Retail Individual Investors
|
1,785,600 | 88,452,000 |
49.54×
|
- |
|
Total
|
3,985,200 | 178,664,400 |
44.83×
|
- |
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | - | - | 1.08× | - |
| NII | - | - | 1.51× | - |
| Retail | - | - | 2.69× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 1,443,600 | 28,124,400 | 19.48× | - |
| NII | 756,000 | 62,088,000 | 82.13× | - |
| bNII | 504,000 | 49,471,200 | 98.16× | - |
| sNII | 252,000 | 12,616,800 | 50.07× | - |
| Retail | 1,785,600 | 88,452,000 | 49.54× | - |
| Total | 3,985,200 | 178,664,400 | 44.83× | - |
As of December 15, 2025, the HRS Aluglaze IPO has been subscribed 44.83 times overall. The IPO is fully subscribed with strong investor demand.
The HRS Aluglaze IPO subscription window was open from December 11, 2025 to December 15, 2025. Investors could apply through their demat account or ASBA facility.
The HRS Aluglaze IPO has a price band of ₹94 to ₹96 per share, with a lot size of 1,200 shares. Minimum retail investment: ₹112,800 (lower band) or ₹115,200 (upper band).
The QIB category has been subscribed 19.48 times. QIBs were offered 1,443,600 shares. Strong QIB subscription indicates high institutional confidence.
Retail investors subscribed 49.54 times. Retail was offered 1,785,600 shares. High retail subscription reflects strong small-investor interest.
Overall NII: 82.13×. bNII (>₹10L): 98.16×, sNII (<₹10L): 50.07×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on December 10, 2025. Check via the registrar's website, Purva Sharegistry (India) Private Limited using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
HRS Aluglaze IPO is expected to list on December 18, 2025. Shares will list on BSE SME platform. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 44.83× means investors have bid for 44.83 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 49.54×, the estimated allotment probability for retail investors is Low–Moderate. Lottery-based allotment. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.
You can apply for HRS Aluglaze IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Dec 11 to Dec 15, 2025.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest HRS Aluglaze IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Dec 11, 2025Subscription Closes Done
Dec 15, 2025Basis of Allotment Done
Dec 10, 2025Listing on BSE Done
Dec 18, 2025Lottery-based allotment. Based on retail subscription of 49.54×.
Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.
