HRS Aluglaze IPO allotment: How to check status online on BSE, Purva Sharegistry India

HRS Aluglaze IPO allotment: The basis of allotment of HRS Aluglaze, engaged in the design, manufacturing, and installation of aluminium products, will be finalised on Tuesday, December 16. The details will be out on the websites of BSE and the registrar, Purva Sharegistry (India) Pvt Ltd.

The IPO was subscribed 42 times, with bids for 17,89,39,200 shares as against 42,60,000 shares on offer, according to the BSE data.

The quota for non-institutional investors (NIIs) attracted 60.50 times subscription, while the category for individual investors subscribed 49.54 times. The part reserved for qualified institutional buyers received 19.48 times subscription.

The ₹50.92 crore initial share sale was a fresh issuance of 53,04,000 shares without an offer for sale (OFS) component.

The funds generated will be utilised for setting up an assembly and glass glazing line at Rajoda, Ahmedabad, for facade work, working capital needs and general corporate purposes.

The Ahmedabad-based HRS Aluglaze had set the price band at ₹94 to ₹96 per share. The minimum investment for an individual investor was two lots or 2,400 shares.

HRS Aluglaze Ltd, incorporated in 2012, designs, manufactures, and installs aluminium products, including windows, curtain walls, cladding, doors, and glazing systems.

It provides standard and customised solutions to builders, architects, contractors and institutions, along with material supply and procurement support.

HRS Aluglaze IPO allotment date and time

HRS Aluglaze IPO allotment status is expected to be finalised on Tuesday, December 16, by late evening.

How to check HRS Aluglaze IPO allotment status online on BSE

• Visit the BSE IPO allotment status page: https://bseindia.com/investors/appli_check.aspx
• Select ‘Equity’ as the issue type
• Select 'HRS Aluglaze' from the 'Issue Name' list
• Mention either your IPO application number or PAN
• Press the ‘Search’ button

Steps to check HRS Aluglaze IPO allotment status online on Purva Sharegistry India

• Go to this link: https://www.purvashare.com/investor-service/ipo-query
• Choose ‘HRS Aluglaze’ from the company list
• Enter your PAN card details or application number
• Click on Search

HRS Aluglaze IPO GMP

According to investorgain.com and media reports, HRS Aluglaze's unlisted shares are trading at ₹115, reflecting a grey market premium of 19.79% over the upper price band of ₹96.