HRS Aluglaze – IPO
HRS Aluglaze – IPO Details
| IPO Date | December 11, 2025 to December 15, 2025 |
| Listing Date | December 18, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 94 to ₹ 96 / Share |
| Lot Size | 1200 Shares |
| Total Issue Size | 53,04,000 shares (Aggregating up to ₹50.92 Cr) |
| Fresh Issue | |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,39,78,125 shares |
| Share holding post issue | 1,92,82,125 shares |
| Market Maker portion |
HRS Aluglaze Timeline (Tentative Schedule)
HRS Aluglaze IPO opens on December 11, 2025, and closes on December 15, 2025.
| IPO Open Date | December 11, 2025 |
| IPO Close Date | December 15, 2025 |
| Basis of Allotment | December 16, 2025 |
| Initiation of Refunds | December 17, 2025 |
| Credit of Shares to Demat | December 17, 2025 |
| Listing Date | December 18, 2025 |
| Cut-off time for UPI mandate confirmation | December 15, 2025 |
HRS Aluglaze IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | Rs.230,400 |
| Retail (Max) | 2 | 2,400 | Rs.230,400 |
| S-HNI (Min) | 3 | 3,600 | Rs.345,600 |
| S-HNI (Max) | 8 | 9,600 | Rs.921,600 |
| B-HNI (Min) | 9 | 10,800 | Rs.1,036,800 |
| HNI (Min) |
HRS Aluglaze IPO Promoter Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 72.49% |
HRS Aluglaze IPO Reservation
HRS Aluglaze IPO offers a total of 53,04,000 shares. Out of which 24,87,600 (46.90%) allocated to QIB, 14,43,600 (27.22%) allocated to QIB (Ex- Anchor), 7,56,000 (14.25%) allocated to NII, 17,85,600 (33.67%) allocated to RII, and 10,44,000 (19.68%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | 2,74,800 (5.18%) |
|
| Other Shares Offered | |
|
| QIB Shares Offered | 24,87,600 (46.90%) |
|
| NII (HNI) Shares Offered | 7,56,000 (14.25%) |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 17,85,600 (33.67%) |
|
| Employee Shares Offered | |
|
| Total Shares Offered | 53,04,000 (100.00%) |
HRS Aluglaze IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About HRS Aluglaze
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 Windows
- Curtain Walls and Structural Glazing
- Glass Railings, Partitions, Louvers, and Screens
- Cladding and Dynamic Façades
- Material Supply and Procurement Support
As 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 Teams
- Proven Track Record with Strong Client Relationships
- Design, Execution, and Completions
- Commitment to Quality, Innovation, and Sustainability
- Vision to Shape the City Skyline
Key Performance Indicator
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 34.24% |
| ROCE | 15.97% |
| Debt/Equity | 1.92 |
| RoNW | 34.24% |
| P/BV | 6.53 |
| PAT Margin (%) | 12.22% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.68 | 4.71 |
| P/E (x) | 26.07 | 20.4 |
Note:
- The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre-IPO shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, which is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025, which is available in RHP.
Objects of the Issue (HRS Aluglaze IPO Objectives)
HRS Aluglaze Contact Details
Contact DetailsHRS Aluglaze Ltd. Address 601 W-1, 6th Floor, New York, Timber Street Opp. PSP House, B/H. S.G. Highway, Ambali Road, Jodhpur Ahmedabad, Gujarat, 380058 Phone: +91 79 26306595 Email: [email protected] Website: http://www.hrsaluglaze.com/ |
HRS Aluglaze IPO Registrar
Purva Sharegistry (India) Pvt.Ltd. Phone: +91-022-23018261/ 23016761 Email: [email protected] Website: https://www.purvashare.com/investor-service/ipo-query |