HRS Aluglaze IPO Details
SME
HRS Aluglaze IPO opens for subscription on 11 Dec 2025 and closes on 15 Dec 2025. The IPO will be listed on BSE with the tentative listing date set for 18 Dec 2025.
HRS Aluglaze IPO price band has been fixed at ₹94 – ₹96 per share.The face value is ₹10 per share with a lot size of 1200.
HRS Aluglaze IPO total issue size comprises 53,04,000 shares (aggregating up to ₹50.92 Cr). This includes a fresh issue of 53,04,000 shares (aggregating up to ₹50.92 Cr). Pre-issue shareholding stands at 1,39,78,125, which will increase to 1,97,78,125 post-issue.
HRS Aluglaze IPO carries a ₹22 (22.92%) GMP, reflecting investor sentiment.
HRS Aluglaze IPO Lot Size : Individual Minimum is 2 lots (2,400 shares) amounting to ₹230,400. Individual Maximum is 2 lots (2,400 shares) amounting to ₹230,400. SHNI Minimum is 3 lots (3,600 shares) amounting to ₹345,600. SHNI Maximum is 8 lots (9,600 shares) amounting to ₹921,600. BHNI Minimum is 9 lots (10,800 shares) amounting to ₹1,036,800.
The Lead Managers for HRS Aluglaze IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Cumulative Capital Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Mnm Stock Broking. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the HRS Aluglaze Limited RHP.
HRS Aluglaze IPO Details
HRS Aluglaze IPO Subscription
HRS Aluglaze IPO Application Wise Breakup
HRS Aluglaze IPO Dates
- 11 Dec 2025Opening dateOpen
- 15 Dec 2025Closing dateClose
- 16 Dec 2025Allotment Date Allotment
- 17 Dec 2025Initiation of RefundsRefund
- 17 Dec 2025Credit of SharesCredit
- 18 Dec 2025Listing dateListing
HRS Aluglaze IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 2400 | ₹230,400 |
| Individual Maximum | 2 | 2400 | ₹230,400 |
| SHNI Minimum | 3 | 3600 | ₹345,600 |
| SHNI Maximum | 8 | 9600 | ₹921,600 |
| BHNI Minimum | 9 | 10800 | ₹1,036,800 |
HRS Aluglaze IPO Reservation
Promoter Holding
HRS Aluglaze IPO Valuations
HRS Aluglaze Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 80.60 | 42.43 | 34.10 |
| Total Income | 42.14 | 26.97 | 22.69 |
| Profit After Tax | 5.15 | 1.79 | 0.87 |
| EBITDA | 10.70 | 3.53 | 1.75 |
| NET Worth | 20.11 | 9.96 | 8.17 |
| Reserves and Surplus | 13.45 | 3.46 | 1.67 |
| Total Borrowing | 38.66 | 24.35 | 17.91 |
| Amount in ₹ Crore | |||
About HRS Aluglaze IPO
Incorporated in 2012, HRS Aluglaze Limited is engaged in the design, manufacturing, and installation of premium aluminium-based architectural solutions. The Company provides a comprehensive range of products, including aluminium windows, doors, curtain walls, cladding, and glazing systems, catering to the evolving needs of modern infrastructure and construction.
HRS Aluglaze Limited offers both standard and highly customized solutions to builders, contractors, architects, and institutional clients, supported by material supply and procurement services. Its offerings span the full spectrum of façade and fenestration requirements, including doors and windows, curtain walls and structural glazing, glass railings, partitions, louvers, screens, cladding, and dynamic façade systems.
The Company operates a manufacturing facility located at Village Rajoda, Taluka Bavla, Ahmedabad, Gujarat, spread across 11,176 square meters, equipped with advanced CNC precision machinery and in-house powder coating capabilities. To support increasing demand and enhance operational capacity, the Company has proposed an expansion of an additional 13,714 square meters adjoining the existing facility.
As of September 30, 2025, HRS Aluglaze Limited is actively executing 28 ongoing projects, reflecting its strong project management capabilities and industry presence. The Company employed approximately 90 personnel, comprising skilled, semiskilled, and unskilled workers across various functional areas, enabling efficient execution of design, fabrication, and installation activities.
With its integrated manufacturing capabilities, technical expertise, and commitment to high-quality architectural solutions, HRS Aluglaze Limited continues to strengthen its position as a trusted partner in the aluminium façade and glazing industry in India.
Strength Of HRS Aluglaze IPO
- High Quality Products.
- Our long-standing relationships with suppliers.
- Design and execution capability.
- leveraging the experience of our Promoter and team.
- Market Knowledge and Industry Expertise.
- Marquee client base and repeat orders.
- Diversified real estate portfolio.
- Quality certifications.
Risk Of HRS Aluglaze IPO
- The company order book may not be representative of its future results. Projects included in the company order book and its futures projects may be delayed, modified or cancelled for reasons beyond its control which may materially and adversely affect the company business, prospects, reputation, profitability, financial condition and results of operation.
- Its business is dependent on certain key customers and the loss of any of these customers or loss of revenue from sales to any key customers could has a material adverse effect on the company business, financial condition, results of operations and cash flows.
- The company does not have firm commitment agreements its customers. If the company customers choose not to source their requirements from it, there may be a material adverse effect on its business, financial condition, cash flows and results of operations.
- The company business and profitability are substantially dependent on the availability and the cost of its raw materials and components consumed for which the company relies on third parties. Any disruption in timely and adequate supply of the raw materials, or volatility in the prices of raw materials or failures to maintain cordial relations with the company suppliers may adversely impact its business, results of operations, financial condition and cash flows.
- The company projects is generally awarded to its upon meeting prescribed pre-qualification requirements and through a competitive bidding process. Any failures to secure new project awards may adversely affect the company business operations and financial condition.
- The company manufacturing unit and its operations are geographically concentrated in Gujarat. Consequently, its are exposed to risks from economic, regulatory and other developments which could have an adverse effect on the company business, results of operations and financial condition. Further, its continued operations are critical to the company business and any shutdown of its manufacturing unit may adversely affect the company business, results of operations and financial condition.
- Due to the seasonal nature of the industry we operate in, its may not be able to achieve complete utilisation of the manufacturing unit, which in turn could materially and adversely affect the company business, financial condition and results of operation.
- The company is dependent on its manufacturing unit, and any loss, or shutdown, or under-utilization of the production capacities of the company manufacturing unit may has an adverse effect on its business, financial condition and results of operations.
- The Company has, in the past, experienced delays and non-compliances in filing e-forms with the Registrar of Companies ("RoC"), including annual returns, financial statements, and charge-related forms. While no regulatory actions or penalties have been imposed to date except below mentioned, there is no assurance that such actions will not be levied in the future. The Company cannot guarantee that similar delays will not occur in the future, and if regulatory authorities impose penalties or take punitive actions against the Company or its directors/officers, it could negatively affect the Company's business and financial condition.
- The company proposed capacity expansion plans relating to the new manufacturing facility at Rajoda, Ahmedabad are subject to risks of unanticipated delays, cost overruns, regulatory hurdles, and its may not be able to derives the intended benefits from the project.
Objectives HRS Aluglaze IPO
1. Funding capital expenditure to set up assembly & glass glazing line at Rajoda, Ahmedabad for façade work.
2. Funding of working capital requirements of the Company
3. General corporate purposes
Company 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, Gujarat
Phone: +91 79 26306595
Email: info@hrsaluglaze.com
Website: http://www.hrsaluglaze.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports