IPO Issue Details
Issue Price / Price Band₹96 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size53,04,000 shares (aggregating up to ₹50.92 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 11 Dec 2025
Subscription CloseMon, 15 Dec 2025
Anchor AllotmentWed, 10 Dec 2025
Basis of AllotmentTue, 16 Dec 2025
Initiation of RefundsWed, 17 Dec 2025
Credit of Shares to DematWed, 17 Dec 2025
Listing DateThu, 18 Dec 2025
UPI Mandate Deadline2025-12-15
Application & Investment Details
Retail — Min (2 Lots)₹2,30,400 — 2,400 shares
Retail — Max (13 Lots)₹1,497,600 (13 Lots)
HNI — Min (3 Lots)₹3,45,600 — 3,600 shares
EPS (Pre-IPO)₹3.68
EPS (Post-IPO)₹4.71
P/E Ratio (Pre-IPO)26.07x
P/E Ratio (Post-IPO)20.4x
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-IPO Promoter Holding1,39,78,125 shares
Post-IPO Promoter Holding1,92,82,125 shares
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
HRS Aluglaze Ltd. Address proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding capital expenditure to set up assembly & glass glazing line at Rajoda, Ahmedabad for façade work.
18.30
2
Funding of working capital requirements of the Company
19.00
3
General corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,39,78,125 shares
Post-IPO Promoter Holding
1,92,82,125 shares