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How to Apply for the HRS Aluglaze Limited IPO: Step-by-Step Investment Guide

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

  •  ₹94 to ₹96 per share

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.

Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your HRS Aluglaze IPO allotment status.

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The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.

Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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