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HRS Aluglaze IPO
44.36xsubscribed

HRS Aluglaze IPO

Aluminium & Aluminium Products
listed
₹2.26LMin. investment

HRS Aluglaze Limited IPO Details

SectorAluminium & Aluminium Products
Price range₹94.00 – ₹96.00
IPO type
SME
Lot size1200 shares
Issue size₹50Cr
Red Herring Prospectus
Read
Market cap
₹185.11CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹42.11CrLower than sector avg
Growth rate3Y CAGR
36.65%

HRS Aluglaze IPO Subscription Status

Date
QIB
NII
Retail
Total
11-Dec-25
0.0 times (X)
0.17 times (X)
0.4 times (X)
0.6 times (X)
12-Dec-25
0.24X
1.42X
2.69X
1.95X
15-Dec-25
1.58X
78.98X
48.52X
44.36X

As on 11-Dec-25, 5:30 PM

HRS Aluglaze IPO Timeline

  1. Pre-apply
    10 Dec 2025
  2. Bid start
    11 Dec 2025
  3. Bid end
    15 Dec 2025
  4. Allotment
    16 Dec 2025
  5. Release of funds
    17 Dec 2025
  6. Demat transfer
    17 Dec 2025
  7. Listing
    18 Dec 2025

About HRS Aluglaze Limited

HRS Aluglaze Limited designs, manufactures, and installs a wide range of aluminium windows, doors, curtain walls, cladding, and glazing systems for commercial, residential, industrial, and institutional projects. Its manufacturing facility in Bavla, Ahmedabad, spans ~11,176 sq. m. and is equipped with CNC machinery and powder-coating capabilities. As of September 30, 2025, the company has 28 active projects with an expected revenue contribution of approximately ₹103 crore. Regionally, Gujarat contributed the majority of revenue with 90.07%, Telangana 4.33%, Maharashtra 3.72% and Tamil Nadu 1.88% as of September 2025. It had an installed capacity of 15,00,000 sq ft and a capacity utilisation rate of 34.75%.

Checklist

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Revenue growth
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Objectives of Hrs Aluglaze Limited IPO

Working capital
37.31%
The company will utilise ₹19 crore towards funding working capital requirements.
Capital expenditure
35.94%
The company will utilise ₹18.30 crore to set up an assembly & glass glazing line for façade work.
General corporate purpose
26.75%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹42.11Cr36.65%₹5.15Cr₹185.11Cr25.531.92
This sector (avg.)₹803.21Cr---₹209.33Cr₹2,177.12Cr28.6517.58
₹16,787.63Cr---₹5,267.94Cr₹70,792.98Cr11.530.01
₹615.75Cr---₹9.15Cr₹1,269.8Cr178.350.75
₹810.17Cr---₹15.51Cr₹934.5Cr54.440.51

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

HRS Aluglaze IPO Contact Details

Company NameHRS Aluglaze Limited

How to apply for HRS Aluglaze IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Hrs Aluglaze Limited IPO FAQs