HRS Aluglaze IPO Details
| IPO Open Date | December 11, 2025 |
| IPO Close Date | December 15, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹94 to ₹96 Per Share |
| Issue Size | Approx ₹50.92 Crores |
| Fresh Issue | Approx ₹50.92 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
HRS Aluglaze IPO Review & Key Points
- Review:
HRS Aluglaze IPO Market Lot
The HRS Aluglaze IPO minimum market lot is 2,400 shares with ₹2,30,400 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,400 | ₹2,30,400 |
| Retail Maximum | 2 | 2,400 | ₹2,30,400 |
| S-HNI Minimum | 3 | 3,600 | ₹3,45,600 |
| S-HNI Maximum | 8 | 9,600 | ₹9,21,600 |
| B-HNI Minimum | 9 | 10,800 | ₹10,36,800 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 10,44,000 Shares | 19.68% |
| QIB (Ex. Anchor) | 14,43,600 Shares | 27.22% |
| NII Shares Offered | 7,56,000 Shares | 14.25% |
| Retail Shares Offered | 17,85,600 Shares | 33.67% |
HRS Aluglaze IPO Dates
The HRS Aluglaze IPO date is December 11 and the close date is December 15. The HRS Aluglaze IPO allotment will be finalized on December 16 and the IPO listing on December 18.
| IPO Open Date: | December 11, 2025 |
| IPO Close Date: | December 15, 2025 |
| Basis of Allotment: | December 16, 2025 |
| Refunds: | December 17, 2025 |
| Credit to Demat Account: | December 17, 2025 |
| IPO Listing Date: | December 18, 2025 |
| IPO Bidding Cut-off Time: | December 15, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Rupesh Pravinbhai Shah, Pinky Rupesh Shah and Hrishikesh Rupesh Shah.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,39,78,125 | 100% |
| Promoter Holding Post Issue | 1,92,82,125 | 72.49% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Funding capital expenditure to set up assembly & glass glazing line at Rajoda, Ahmedabad for façade work. | ₹18.30 |
| Funding of working capital requirements of the Company | ₹19.00 |
| General Corporate Purpose | ₹- |
About HRS Aluglaze IPO
To be updated soon
HRS Aluglaze IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹22.69 | ₹21.48 | ₹0.87 | ₹34.10 |
| 2024 | ₹26.97 | ₹24.57 | ₹1.79 | ₹42.43 |
| 2025 | ₹42.14 | ₹35.27 | ₹5.15 | ₹80.60 |
| September 2025 | ₹26.35 | ₹20.23 | ₹4.54 | ₹91.16 |
HRS Aluglaze IPO Valuation – FY2025
Check HRS Aluglaze IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 34.24% |
| ROCE: | 15.97% |
| EBITDA Margin: | 25.42% |
| PAT Margin: | 12.22% |
| Debt to equity ratio: | 1.92 |
| Earning Per Share (EPS): | ₹3.76 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 34.24% |
| Net Asset Value (NAV): | ₹14.70 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Innovators Facade Systems Ltd (Consolidated) | 2.78 | 73.02 | 3.19% | 88.43 | 83.60 Cr. |
| Aluwind Infra-Tech Limited (Standalone) | 2.04 | 39.22 | 8.15% | 26.06 | 64.46 Cr. |
IPO Lead Managers aka Merchant Bankers
- Cumulative Capital Pvt.Ltd.
Company Address
HRS Aluglaze Ltd.
601 W-1, 6th Floor, New York, Timber Street,
Opp. PSP House, B/H. S.G. Highway, Ambali Road,
Jodhpur, Ahmedabad – 380058
Phone: +91 79 26306595
E-mail: [email protected]
Website: https://hrsaluglaze.com/
IPO Registrar
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: [email protected]
Website: https://www.purvashare.com/investor-service/ipo-query
HRS Aluglaze IPO FAQs
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Note: The HRS Aluglaze IPO price band and date are officially announced. The (HRS Aluglaze IPO grey market premium) will be added to the IPO GMP page as it will start).
