HRS Aluglaze Limited Link 
Allotment
The HRS Aluglaze Ltd. IPO is a book-built issue of ₹50.92 crore, comprising entirely a fresh issue of 53 lakh shares.
The IPO was open for bidding from December 11, 2025, to December 15, 2025, with the allotment finalized on December 16, 2025. The shares were subsequently listed on BSE SME on December 18, 2025.
The IPO price band was set at ₹96 per share. The lot size for applications was 1,200 shares, making the minimum investment for retail investors ₹2,30,400 (for 2,400 shares based on the upper price). For HNI investors, the minimum application was 3 lots (3,600 shares), amounting to ₹3,45,600.
Cumulative Capital Pvt. Ltd. acted as the book running lead manager, while Purva Sharegistry (India) Pvt. Ltd. served as the registrar for the issue. The market maker for the IPO was MNM Stock Broking Pvt. Ltd.
For detailed information, refer to the HRS Aluglaze IPO Draft Red Herring Prospectus (DRHP).
₹96
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Open
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HIgh - Low
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Previous Close
₹96
Total Traded Value
0
52 Weeks High
₹96
52 Weeks Low
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Updates On
Dec 5, 2025
IPO. Open
Dec 11, 2026
IPO. Close
Dec 15, 2026
IPO. Price
₹96.00
IPO Market price
₹185.11 Cr
IPO Details
| IPO Date | 18 Dec |
| IPO Listing Date | 18 Dec |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹96.00 |
| IPO Issue Size | 53,04,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Book Build Issue |
| IPO Listing | BSE SME Platform |
| Share Holding Pre Issue | 1,39,78,125 |
IPO Timeline
| IPO Open Date | 11 Dec |
| IPO Close Date | 15 Dec |
| IPO Allotment (Tentative) | 16 Dec |
| Refunds | 17 Dec |
| Credit to Demat Account | 17 Dec |
| IPO Listing Date | 18 Dec |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 14,43,600 Shares |
| NII (HNI) Shares Offered | 7,56,000 Shares |
| Retail Shares Offered | 17,85,600 Shares |
IPO Lot Size
Investors can bid for a minimum of 2,400 shares, and in multiples of 1,200 shares thereafter.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,30,400 |
| Retail (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 |
Incorporated in 2012, HRS Aluglaze Ltd. is engaged in the design, manufacturing, and installation of aluminium products, including windows, doors, curtain walls, cladding, and glazing systems. The company provides both standard and customized solutions to builders, contractors, architects, and institutions, along with material supply and procurement support.
The company’s manufacturing facility is located at Village Rajoda, Taluka Bavla, Ahmedabad, Gujarat, covering an area of 11,176 square meters and equipped with CNC precision machinery and powder coating facilities. An expansion of 13,714 square meters adjoining the current facility has been proposed to support future growth.
As of September 30, 2025, the company had 28 active projects and employed approximately 90 personnel, including skilled, semi-skilled, and unskilled workers across various functions.
Offerings :
Doors and Windows
Curtain Walls and Structural Glazing
Glass Railings, Partitions, Louvers, and Screens
Cladding and Dynamic Façades
Material Supply and Procurement Support
Competitive Strengths :
Experienced leadership and skilled teams
Proven track record with strong client relationships
Expertise in design, execution, and project completion
Commitment to quality, innovation, and sustainability
Vision to shape urban skylines through aluminium solutions
Company Financials (Consolidated)
| Assets | 91.16 | 80.6 | 42.43 |
| Total Income | 26.35 | 42.14 | 26.97 |
| Profit After Tax | 4.54 | 5.15 | 1.79 |
| EBITDA | 8.45 | 10.7 | 3.53 |
| NET Worth | 24.61 | 20.11 | 9.96 |
| Reserves and Surplus | 10.66 | 13.45 | 3.46 |
| Total Borrowing | 41.04 | 38.66 | 24.35 |
Key Performance Indicator (KPI)
| ROE | 34% |
| ROCE | 16% |
| Debt/Equity | 1.92 |
| RoNW | 34.24% |
| PAT Margin | 12.22% |
| EBITDA Margin | 25.42% |
| Price to Book Value | 6.53 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 19 |
| 3 | To meet out the General Corporate Purposes; | 7.62 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
HRS Aluglaze Ltd.
601 W-1, 6th Floor, New York, Timber Street,
Opp. PSP House, B/H. S.G. Highway, Ambali Road,
Jodhpur, Ahmedabad – 380058
Phone: +91 79 26306595
E-mail: info@hrsaluglaze.com
Website: https://hrsaluglaze.com/
Detail Registrar
IPO Registrar
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
The IPO was priced at ₹96 per share. The minimum lot size for retail investors was 1,200 shares, with a minimum investment of ₹2,30,400 for two lots.
The IPO opened on 11th December 2025 and closed on 15th December 2025. The allotment was finalized on 16th December 2025.
This was a book-built issue raising ₹50.92 crore entirely through a fresh issue of 53.04 lakh equity shares
The shares were listed on BSE SME on 18th December 2025 after allotment and credit to investors’ Demat accounts.
HRS Aluglaze is a leading aluminium solutions provider with CNC-enabled manufacturing, experienced leadership, strong client relationships, and expertise in design, installation, and façade solutions.
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