HRS Aluglaze Ltd operates in the aluminium façade and building solutions segment, with activities covering design, manufacturing, and installation work for window systems, doors, cladding, and glazing structures. The Company works with project-based requirements linked to construction industry needs, supplying customised solutions to builders, contractors, architects, and institutions. Its operations include a manufacturing unit with fabrication and finishing facilities. The Company’s presence in the aluminium façade segment positions it within the supply chain of building projects where demand is influenced by infrastructure development, commercial construction, and architectural design trends. The disclosures indicate a number of active projects across different locations, reflecting project execution in progress during the reported period.
Investors who seek to participate in the IPO can submit an application through an online trading account or a UPI-supported ASBA application. The process generally involves logging into the trading platform, selecting the IPO section, entering the application details as per the offer document, and confirming the bid using the authorised payment method linked to the UPI mandate. Alternatively, applications can also be submitted through the ASBA facility offered by banks that provide IPO application services through net banking channels, where the amount is blocked in the bank account until allotment. Investors may refer to the prospectus and exchange filings for the offer structure, eligibility conditions, and timelines before applying.
For more details, visit the HRS Aluglaze Limited IPO page.
HRS Aluglaze Limited IPO Details and Objectives
Details
| Information
|
IPO Date
| December 11, 2025 to December 15, 2025
|
Issue Size
| 53,04,000 shares (aggregating up to ₹50.92 Cr)
|
Price Band
| ₹94 to ₹96 per share
|
Lot Size
| 1200 shares
|
Listing At
| BSE, SME
|
Market Maker
| Mnm Stock Broking Pvt.Ltd.
|
Purpose of the IPO
Funding capital expenditure to set up assembly & glass glazing line at Rajoda, Ahmedabad for façade work.
Funding of Working Capital requirements of the Company
General Corporate Purposes
Timeline of HRS Aluglaze Limited IPO
Event
| Date
|
|---|
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 of Shares to Demat
| Wed, Dec 17, 2025
|
Tentative Listing Date
| Thu, Dec 18, 2025
|
Cut-off time for UPI mandate confirmation
| 5 PM on Mon, Dec 15, 2025
|
Pricing & Lot Size of HRS Aluglaze Limited IPO
Price Band for the IPO
Minimum Lot Size and Application Details
Application
| Lots
| Shares
| Amount
|
Individual investors (Retail) (Min)
| 2
| 2,400
| ₹2,30,400
|
Individual investors (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
|
HRS Aluglaze Limited IPO Application Process
The HRS Aluglaze Limited IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Step 1: Login to Your Trading Platform
Access your trading account using the broker's app or website.
Step 2: Navigate to the IPO Section
Go to the IPO section to view active IPO listings.
Step 3: Select the Open IPO and Click Apply
Locate HRS Aluglaze Limited IPO in the list of available IPOs and click the ‘Apply’ button.
Step 4: Enter the Quantity of Shares You Wish to Apply For
Specify the number of shares (lot size: 1200 shares) within the price band of ₹94 to ₹96 per share.
Step 5: Provide Your UPI ID
Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.
Step 6: Confirm the Application
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Step 7: Complete the Process and Wait for Allotment
Submit the application and monitor the allotment status to check if shares have been allocated to you.
Financial Health and Performance
Key Financial Metrics
Total Assets: Grew from ₹34.10 crore in FY23 to ₹91.16 crore as of Sept 2025.
Total income: Reached ₹26.35 crore in FY25 as compared to ₹22.69 crore in FY23.
Profit After Tax (PAT): Stood at ₹4.54 crore for Sept 2025 as compared to ₹0.87 crore in FY23.
Net Worth: Recorded at ₹24.61 crore in FY25 in comparison to ₹8.17 crore in FY23.
Reserves and surplus: Stood at ₹10.66 crore in FY25 as compared to ₹1.67 crore in FY23.
EBITDA: Stood at ₹8.45 crore in Sept 2025 in comparison to ₹1.75 crore in FY23.
Recent Performance and Growth Prospects
The Company’s asset base expanded over the recent periods, reflecting an increase in operational capacity and project execution scale.
Total income recorded an upward trend during the comparable financial periods, indicating continued project flow and revenue recognition from ongoing work.
Profit after tax showed a notable rise over the same timeline, supported by activity across multiple segments and operational efficiencies.
The net worth of the Company improved over the reviewed period, which aligns with the growth in retained earnings and business operations.
Reserves and surplus increased during the period, suggesting internal resource strengthening through accumulated earnings.
The operating margin measured through earnings before interest, taxes, depreciation, and amortisation expanded across the comparable periods, indicating improved cost management and project delivery economics.
Investment Risks and Opportunities
Potential Risks of Investing in the IPO
The business operates in the construction supply chain, where activity levels depend on infrastructure activity, project timelines, and industry funding conditions.
Execution schedules, cost variations, and procurement factors may influence margins and project delivery, which can affect overall performance during different periods.
Opportunities and Growth Potential
The Company’s product line is linked to demand for façade systems, glazing solutions, and architectural building materials used in commercial and residential developments.
Expansion plans for the manufacturing facility and the addition of assembly and glazing lines may support a wider product offering and project handling capacity over time.
Key Performance Indicator (KPI)
KPI
| Values
|
ROE
| 34.24%
|
ROCE
| 15.97%
|
Debt/Equity
| 1.92
|
RoNW
| 34.24%
|
PAT Margin
| 12.22%
|
EBITDA Margin
| 25.42%
|
Price to Book Value
| 6.53
|
HRS Aluglaze Limited IPO Registrar & Lead Managers
Registrar
| Lead Manager(s)
|
|---|
Purva Sharegistry (India) Pvt.Ltd.
| Cumulative Capital Pvt.Ltd.
|
Company Address of HRS Aluglaze Limited
HRS Aluglaze Ltd.
601 W-1, 6th Floor, New York Timber Street
Opp. PSP House, B/H. S.G. Highway,
Ambali Road, Jodhpur
Ahmedabad, Gujarat, 380058
Phone: +91 79 26306595
Email: info@hrsaluglaze.com
Website: http://www.hrsaluglaze.com/
Conclusion
The IPO details indicate the offer structure, timelines, and application process available through trading platforms and the ASBA facility. The Company’s activities are positioned in the aluminium façade segment linked to building projects where demand is influenced by construction and architectural requirements. The disclosures outline its operations, product categories, and plans for capacity enhancement through proposed capital expenditure. Information presented in the offer document can help readers understand the business model and stated objectives of the issue.
Applicants may refer to the prospectus, exchange filings, and market disclosures for eligibility conditions and offer terms before submitting an application. The process involves completing the bid through the IPO section of the trading platform or through the bank’s ASBA route and confirming the payment mandate within the stated timelines. All application-related steps, including allotment status and listing details, are subject to the procedures and schedules mentioned in the official documents.
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