Incorporated in 2012, HRS Aluglaze Ltd designs, manufactures and installs aluminium façade products including windows, doors, curtain walls, cladding and glazing systems. The company operates a manufacturing facility at Rajoda, Bavla (Ahmedabad) with CNC machinery and powder coating, and proposes expansion of its facility. As of Sep 30, 2025 it had ~90 employees and active orderbook presence across projects (orders on hand ~₹103 Cr as per RHP).
HRS Aluglaze IPO
| Face Value | ₹10 per share |
|---|---|
| Issue Type | Book-building (Fresh Issue) |
| Total Shares Offered | 53,04,000 shares (Fresh issue) |
| Market Maker | Mnm Stock Broking Pvt. Ltd. (Reserved 2,74,800 shares) |
| Net Offered to Public | 50,29,200 shares (≈₹48.28 Cr at upper band) |
| Registrar | Purva Sharegistry (India) Pvt. Ltd. |
| Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 2,74,800 | 5.18% |
| QIB | 24,87,600 | 46.90% |
| NII (HNI) | 7,56,000 | 14.25% |
| Retail (RII) | 17,85,600 | 33.67% |
Anchor allocation: 10,44,000 shares (see RHP for anchor bid date and lock-in schedule).
| IPO Open Date | Thu, Dec 11, 2025 |
|---|---|
| IPO Close Date | Mon, Dec 15, 2025 |
| Tentative Allotment | Tue, Dec 16, 2025 |
| Initiation of Refunds | Wed, Dec 17, 2025 |
| Credit to Demat | Wed, Dec 17, 2025 |
| Tentative Listing Date | Thu, Dec 18, 2025 |
| UPI Mandate Cut-off | 5 PM on Mon, Dec 15, 2025 |
| Application Type | Lots | Shares | Amount (₹) — at ₹96 |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,30,400 |
| Retail (Max) | 2 | 2,400 | ₹2,30,400 |
| S-HNI (Min) | 3 | 3,600 | ₹3,45,600 |
| S-HNI (Max) | 8 | 9,600 | ₹9,21,600 |
| B-HNI (Min) | 9 | 10,800 | ₹10,36,800 |
Retail bidding limit = ₹2 Lakh per application — check RHP for precise rules and cut-offs.
Incorporated in 2012, HRS Aluglaze Ltd designs, manufactures and installs aluminium façade products including windows, doors, curtain walls, cladding and glazing systems. The company operates a manufacturing facility at Rajoda, Bavla (Ahmedabad) with CNC machinery and powder coating, and proposes expansion of its facility. As of Sep 30, 2025 it had ~90 employees and active orderbook presence across projects (orders on hand ~₹103 Cr as per RHP).
| Period | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 91.16 | 80.60 | 42.43 |
| Total Income | 26.35 | 42.14 | 26.97 |
| Profit After Tax | 4.54 | 5.15 | 1.79 |
| EBITDA | 8.45 | 10.70 | 3.53 |
| Net Worth | 24.61 | 20.11 | 9.96 |
| Total Borrowing | 41.04 | 38.66 | 24.35 |
| Pre IPO EPS | ₹3.68 |
|---|---|
| Post IPO EPS | ₹4.71 |
| Pre IPO P/E | 26.07x |
| Post IPO P/E | 20.4x |
| Debt/Equity | 1.92 |
All figures restated as per RHP. Read the full prospectus for accounting notes and adjustments.
| S.No | Purpose | Amount (₹ Crore) |
|---|---|---|
| 1 | Capital expenditure to set up assembly & glass glazing line at Rajoda, Ahmedabad for façade work | 18.30 |
| 2 | Funding working capital requirements | 19.00 |
| 3 | General corporate purposes | – |
HRS Aluglaze Ltd.
(Company contact details — refer RHP)
Registrar: Purva Sharegistry (India) Pvt. Ltd.
Phone: +91-022-23018261 / 23016761 | Email: newissue@purvashare.com | https://www.purvashare.com/investor-service/ipo-query
Observations: HRS Aluglaze has shown strong revenue and PAT growth with a healthy orderbook. The issue finances capacity expansion and working capital — sensible for growth but balance-sheet leverage and cyclical real-estate demand are key risks. Suitable for investors comfortable with mid-cap industrial growth and higher leverage exposure.
This is informational only — not investment advice. Consult a financial advisor before investing.