HRS Aluglaze Limited IPO

BSE SME

Listed On: Dec 18, 2025 at ₹ 126.0

₹ 230400 /2400 Shares
*Min Investment

Check Allotment

11 Dec, 2025

Open Date

15 Dec, 2025

Close Date

16 Dec, 2025

Allotment Date

18 Dec, 2025

Listing Date

Expected Premium

+ ₹14-15 (14.58%)

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

HRS Aluglaze IPO Live Subscription Details

View Subscription Details

QIB 19.48x

Individual 49.54x

NIIs 82.49x

BHNI 98.70x

SHNI 50.07x

Individual 49.54x

Total 44.90x

Last updated: 15 Dec 2025, 05:57 PM

HRS Aluglaze IPO Issue Details

Issue Price ₹94-96 per equity share
Face Value ₹10 Per Equity Share
Total Issue Size 53,04,000 shares(aggregating up to ₹50.92 crore)
Fresh Share 53,04,000 shares(aggregating up to ₹50.92 crore)
Listing at BSE SME
List Price 126.0
Listing Date 2025-12-18
Lead Manager Cumulative Capital Pvt.Ltd.
Registrar Purva Sharegistry (India) Pvt.Ltd.

Market Lot Size

Investors can bid for a minimum of 2400 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Individual (min)	2	2400	₹2,30,400
Individual(max)	2	2400	₹2,30,400
SHNI(min)	3	3600	₹3,45,600
SHNI(max)	8	9600	₹9,21,600
BHNI(min)	9	10800	₹10,36,800

HRS Aluglaze IPO Reservation

HRS Aluglaze IPO offers total 5304000 shares. Out of which 1443600 (27.22%) allocated to QIB, 756000 (14.25%) allocated to NII,1785600 (33.67%) allocated to RII, NA (NA%) allocated to employees and 1044000 (19.68%) allocated to Anchor investors.

Investor Category	Shares Offered	Maximum Allottees
Anchor Investor Shares Offered	1044000 (19.68%)
Market Maker Shares Offered	274800 (5.18%)
QIB Shares Offered	1443600 (27.22%)
NII (HNI) Shares Offered	756000 (14.25%)
bNII > ₹10L	504000 (9.39%)
sNII < ₹10L	252000 (4.85%)
Individual Shares Offered	1785600 (33.67%)
Total Shares Offered	5304000 (100%)

HRS Aluglaze IPO Documents

DRHP

RHP

ANCHOR

HRS Aluglaze IPO Details

HRS Aluglaze Limited IPO is an SME IPO, priced at ₹94-96 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 53,04,000 equity shares, aggregating up to ₹50.92 crores..

The IPO bidding window is open from Dec 11, 2025 to Dec 15, 2025. The allotment is expected to be finalized on Dec 16, 2025, and the tentative listing date is Dec 18, 2025.

The minimum lot size for Individual investors is 2400 shares, with a minimum investment of ₹2,30,400.

Cumulative Capital Pvt.Ltd. is acting as the lead manager to the issue. The registrar of the IPO is Purva Sharegistry (India) Pvt.Ltd., and

As on	QIB	NII bNII sNII	Individual	Total
Shares Offered / Reserved	14,43,600	7,56,000 5,04,000 2,52,000	17,85,600	39,85,200
Day 1 11-12-25 05:00 PM	1.08 x	0.17 x 0.08 x 0.34 x	0.40 x	0.60 x
Day 2 12-12-25 05:00 PM	1.08 x	1.87 x 1.83 x 1.95 x	2.69 x	1.95 x
Day 3 15-12-25 05:00 PM	19.48 x	82.49 x 98.70 x 50.07 x	49.54 x	44.90 x

Total No of Applications

44,616

Subscription on the basis of Applications

Retail:49.54x BHNI:31.99x SHNI:46.36x

HRS Aluglaze Valuations

EPS Pre IPO ₹3.68/-

EPS Post IPO ₹4.71/-

P/E Pre IPO 26.07

P/E Post IPO 20.4

ROE 34.24%

ROCE 15.97%

Debt/Equity 1.92

RoNW 34.24%

PAT Margin 12.22%

Price to Book Value 6.53

Market Cap. 185.11 Cr.

HRS Aluglaze Company Financials

In Crs.

In Cr.

	30-Sep-25	31-Mar-25	31-Mar-24	31-Mar-23
Assets	91.16	80.60	42.43	34.10
Revenue	26.35	42.14	26.97	22.69
Profit After Tax	4.54	5.15	1.79	0.87
Net Worth	24.61	20.11	9.96	8.17
Reserves & Surplus	10.66	13.45	3.46	1.67
Total Borrowing	41.04	38.66	24.35	17.91

HRS Aluglaze - Promoter(s)

Rupesh Pravinbhai Shah

Pinky Rupesh Shah

Hrishikesh Rupesh Shah

Pre Issue Share Holding : 100%

Post Issue Share Holding : 72.49%

HRS Aluglaze IPO - Issue Objectives

Funding capital expenditure to set up assembly & glass glazing line at Rajoda, Ahmedabad for facade work.

Funding of working capital requirements of the Company

General corporate purposes

Contact Details

HRS Aluglaze

601 W-1, 6th Floor, New York Timber Street Opp. PSP House, B/H. S.G. Highway, Ambali Road, Jodhpur Ahmedabad, Gujarat, 380058

+91 79 26306595

info@hrsaluglaze.com

http://www.hrsaluglaze.com/

Registrar Contact Details

Purva Sharegistry India Pvt Ltd

+91-022-23018261/ 23016761

newissue@purvashare.com

https://www.purvashare.com/investor-service/ipo-query

HRS Aluglaze IPO - FAQs

Ans. HRS Aluglaze Limited IPO is a SME IPO. The issue is priced at ₹94-96 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Dec 11, 2025, and closes on Dec 15, 2025. Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The HRS Aluglaze Limited IPO opens on Dec 11, 2025 and closes on Dec 15, 2025.

Ans. You can track the real-time subscription numbers using the links below:

Ans. The size of HRS Aluglaze Limited IPO is 53,04,000 shares(aggregating up to ₹50.92 Cr).

Ans. The HRS Aluglaze Limited IPO price band is set between ₹94-96 per equity share.

Ans. To apply for HRS Aluglaze Limited IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find HRS Aluglaze Limited IPO in the List of IPOs
- Press Apply Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of HRS Aluglaze Limited IPO is Dec 16, 2025.

Ans. The HRS Aluglaze Limited IPO will be listed on Dec 18, 2025.

Ans. Follow the steps to check the HRS Aluglaze Limited IPO allotment status online.