HRS Aluglaze Ltd. Address IPO — GMP, Details & Subscription

IPO Details

Open Date

11 Dec 2025

Close Date

15 Dec 2025

Allotment

16 Dec 2025

Listing Date

18 Dec 2025

Exchange

BSE SME

Price Band

₹96

Listing Price

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Allotment Status

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Price Band

₹96

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

53,04,000 shares (aggregating up to ₹50.92 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹115,200

1 lot

Pre-IPO Holding

1,39,78,125 shares

Promoters

Post-IPO Holding

1,92,82,125 shares

Promoters

P/E (Pre)

26.07x

P/E (Post)

20.4x

EPS (Pre)

₹3.68

EPS (Post)

₹4.71

UPI Deadline

2025-12-15

Mandate

GMP

+₹25

+26.04% est.

Anchor AllotmentWed, 10 Dec 2025

Basis of AllotmentTue, 16 Dec 2025

Refund InitiationWed, 17 Dec 2025

Demat CreditWed, 17 Dec 2025

Listing DayThu, 18 Dec 2025

UPI Mandate Deadline2025-12-15

Sale TypeFresh Capital

Net Offer to Public50,29,200 shares (aggregating up to ₹48.28 Cr)

Market Maker Quota2,74,800 shares (aggregating up to ₹2.64 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

HRS Aluglaze Ltd. Address IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 15 Dec 2025.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	274,800	—	₹2.64
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	5,304,000	100%	₹50.92

IPO Shares Offered

HRS Aluglaze Ltd. Address IPO total issue size: ₹50.92 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	274,800	₹2.64	5.18%
Total	5,304,000	₹50.92	100.00%

* Based on upper price band ₹96 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹96.00

Upper Band

Min Investment

₹115,200

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹230,400
Retail (Max — 13 Lots)	13	15,600	₹1,497,600
S-HNI (Min — 14 Lots)	14	16,800	₹1,612,800
B-HNI (Min — 68 Lots)	68	81,600	₹7,833,600

* Issue Price ₹96 × Lot Size 1,200 shares

IPO Schedule

Anchor

10 Dec 2025

✓ Done

IPO Open

11 Dec 2025

✓ Done

IPO Close

15 Dec 2025

✓ Done

Allotment

16 Dec 2025

✓ Done

Refunds

17 Dec 2025

✓ Done

Demat Credit

17 Dec 2025

✓ Done

Listing Day

18 Dec 2025

✓ Done

₹96.00

INR · BSE

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Issue ₹96.00 GMP: +₹25 Live Price

About HRS Aluglaze Ltd. Address

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 standard and customized solutions to builders, contractors, architects, and institutions, along with material supply and procurement support.The manufacturing facility is located at Village Rajoda, Taluka Bavla, Ahmedabad, Gujarat, with an area of 11,176 square meters, equipped with CNC precision machinery and powder coating facilities. An expansion of 13,714 square meters adjoining the current facility is proposed.As on September 30, 2025, the Company has 28 active projects.Offerings:Doors and WindowsCurtain Walls and Structural GlazingGlass Railings, Partitions, Louvers, and ScreensCladding and Dynamic FaçadesMaterial Supply and Procurement SupportAs of September 30, 2025, the Company employed approximately Ninety (90) personnel, including skilled, semiskilled, and unskilled workers across various functions.Competitive Strengths:Experienced Leadership and Skilled TeamsProven Track Record with Strong Client RelationshipsDesign, Execution, and CompletionsCommitment to Quality, Innovation, and SustainabilityVision to Shape the City Skyline

Objects of the Issue

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

Funding of working capital requirements of the Company

General corporate purposes

HRS Aluglaze Ltd. Address Financials (Amount in ₹ Crore)

Revenue from Operations

₹27.0

31 Mar 2024

₹42.1

31 Mar 2025

₹26.4

30 Sep 2025

Profit After Tax (PAT)

₹1.8

31 Mar 2024

₹5.2

31 Mar 2025

₹4.5

30 Sep 2025

Particulars	30 Sep 2025	31 Mar 2025	31 Mar 2024
Revenue from Operations	26.35	42.14	26.97
EBITDA	8.45	10.70	3.53
Profit After Tax (PAT)	4.54	5.15	1.79
Net Worth	24.61	20.11	9.96
Total Assets	91.16	80.60	42.43
Reserves & Surplus	10.66	13.45	3.46
Borrowings	41.04	38.66	24.35
EBITDA Margin (%)	25.42%	—	—
PAT Margin (%)	12.22%	—	—

P/BV Ratio

6.53

RoE

34.24%

RoCE

15.97%

RoNW

34.24%

PAT Margin

12.22%

EBITDA Margin

25.42%

Debt/Equity

1.92

Issue Structure & Shareholding

Total Shares Offered53,04,000 (100.00%)

Net Offer to Public50,29,200 shares (aggregating up to ₹48.28 Cr)

Reserved for Market Maker2,74,800 shares (aggregating up to ₹2.64 Cr)

Pre-Issue Promoter Holding1,39,78,125 shares

Post-Issue Promoter Holding1,92,82,125 shares

P/BV Ratio6.53

RoE34.24%

RoCE15.97%

Debt / Equity1.92

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Purva Sharegistry (India) Pvt.Ltd

+91-022-23018261/ 23016761

newissue@purvashare.com

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

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Book Running Lead Managers

Cumulative Capital Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much HRS Aluglaze Ltd. Address IPO subscribed? ▲

HRS Aluglaze Ltd. Address IPO is subscribed 1.00 times by Dec 15, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is HRS Aluglaze Ltd. Address IPO retail subscription status? ▼

The HRS Aluglaze Ltd. Address IPO retail category is subscribed 1.00 times as of 15 Dec 2025. The retail portion is oversubscribed.

How to subscribe HRS Aluglaze Ltd. Address IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 11 Dec 2025 and closes 15 Dec 2025. Min investment: ₹115,200 (1 lot = 1,200 shares). UPI mandate: 2025-12-15.

How many times HRS Aluglaze Ltd. Address IPO subscribed? ▼

The HRS Aluglaze Ltd. Address IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check HRS Aluglaze Ltd. Address IPO allotment? ▼

Check allotment on the registrar website (Purva Sharegistry (India) Pvt.Ltd) at https://www.purvashare.com/investor-service/ipo-query. Enter your PAN, application number or DP/Client ID. Allotment date: 16 Dec 2025. Refunds: on 17 Dec 2025.

When HRS Aluglaze Ltd. Address IPO will be listed? ▼

The HRS Aluglaze Ltd. Address IPO listing date is 18 Dec 2025, Thursday. Listed on: BSE SME. Issue price: ₹96. Estimated listing: ₹121. GMP: +₹25.

When HRS Aluglaze Ltd. Address IPO close? ▼

The HRS Aluglaze Ltd. Address IPO closes on 15 Dec 2025, Monday. UPI mandate: 2025-12-15. Allotment: 16 Dec 2025. Listing: 18 Dec 2025.

Quick Actions

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Live Price LIVE

Last Price₹96.00

Change—

Issue Price₹96.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹96

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹115,200

GMP+₹25

Est. Listing₹121

Subscribed1.00x

Open Date11 Dec 2025

Close Date15 Dec 2025

Allotment16 Dec 2025

Listing Date18 Dec 2025

ExchangeBSE SME

UPI Deadline2025-12-15