IPO Trending
HRSSME / BSEListed
HRS Aluglaze

HRS Aluglaze Ltd, incorporated in 2012, designs, manufactures, and installs aluminium products such as windows, doors, curtain walls, cladding, and glazing systems. The company offers both standard and customized solutions to builders, contractors, architects, and institutions, along with material supply and procurement support. Its manufacturing facility in Rajoda, Bavla, Ahmedabad, Gujarat, spans 11,176 square meters and is equipped with CNC precision machinery and powder coating facilities, with an additional 13,714 square meter expansion proposed. As of September 30, 2025, the company has 28 active projects and employs around 90 personnel, including skilled, semi-skilled, and unskilled workers, across various functions.

₹94 - ₹9644.9x sub
Listed Price₹126.00
Listing Gain+31.25%

IPO Schedule & Timeline

Bookbuilding IPO
Open11 Dec 2025
Close15 Dec 2025
Allotment16 Dec 2025
Listing18 Dec 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor10,44,000 shares
19.68%
QIB14,43,600 shares
27.22%
HNI7,56,000 shares
14.25%
Retail17,85,600 shares
33.67%
Market Maker2,74,800 shares
5.18%

Minimum Application Lots

Retail2 Lots (2,400 shares)
₹2,30,400
sHNI3 Lots (3,600 shares)
₹3,45,600
bHNI9 Lots (10,800 shares)
₹10,36,800

Company Promoters

Rupesh Pravinbhai ShahPinky Rupesh ShahHrishikesh Rupesh Shah

Company Background

HRS Aluglaze Ltd, incorporated in 2012, designs, manufactures, and installs aluminium products such as windows, doors, curtain walls, cladding, and glazing systems. The company offers both standard and customized solutions to builders, contractors, architects, and institutions, along with material supply and procurement support. Its manufacturing facility in...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-25)₹26.35 Cr
Growth+16.1%
Revenue Trend (₹ in Crores)
0.016.232.348.5Mar-23Mar-24Mar-25Sep-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-2526.354.5491.1641.04
Mar-2542.145.1580.638.66
Mar-2426.971.7942.4324.35
Mar-2322.690.8734.117.91

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Sep-25020.28%11.52%020.04
Mar-25034.24%15.97%26.070
Mar-24019.71%10.58%00
Mar-23018.92%6.88%00

Peer Comparison & Valuation

Financial Performance

Innovators Facade Systems Ltd

NAV/Share (₹)88.43
RONW(%)3.19
EPS (Basic) (₹)2.78

Aluwind Infra-Tech Limited

NAV/Share (₹)26.06
RONW(%)8.15
EPS (Basic) (₹)2.04

HRS Aluglaze Limited

NAV/Share (₹)17.61
RONW(%)20.28
EPS (Basic) (₹)3.25

Valuation

Innovators Facade Systems Ltd

P/E(X)73.02
CMP* (₹)203.00
Face value (₹)10.00

Aluwind Infra-Tech Limited

P/E(X)39.22
CMP* (₹)80.00
Face value (₹)10.00

HRS Aluglaze Limited

P/E(X)26.07
CMP* (₹)0
Face value (₹)10.00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Purva Sharegistry India Private Limited

Allotment Finalized
Allotment Date
16 Dec 2025
Official Status
Out / Finalized
Registrar
Purva Sharegistry India Private Limited
Listing Date
18 Dec 2025

Official Allotment Verification Links

Official Registrar Portal
Purva Sharegistry India Private Limited

Direct allotment verification on the official registrar portal appointed for HRS Aluglaze. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization16 Dec 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date18 Dec 2025Trading commences on exchange

How to Check HRS Aluglaze Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select HRS Aluglaze from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About HRS Aluglaze IPO

Complete issue overview for HRS Aluglaze (HRS) IPO. The issue features an equity share price band of ₹94 – ₹96 per share with a minimum retail lot size of 1200 Shares (minimum application amount of ₹1,15,200). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions