HRS Aluglaze logo

HRS Aluglaze

Listed

IPO Timeline

Issue open date

11 Dec 2025

Issue close date

15 Dec 2025

UPI mandate deadline

15 Dec 2025

Allotment finalization

16 Dec 2025

Refund initiation

17 Dec 2025

Share credit

17 Dec 2025

Listing date

18 Dec 2025

Mandate end date

30 Dec 2025

Lock-in end date for anchor investors (50%)

15 Jan 2026

Lock-in end date for anchor investors (remaining)

16 Mar 2026

Grey Market Premium Trend

₹22
Current GMP
₹118
Est. Listing Price
22.9%
Est. Listing Gain
₹94 - ₹96
Price Band

GMP History

DateGMP (₹)Est. Listing Price (₹)Est. Listing Gain
17 Dec₹22₹11822.92%
16 Dec₹22₹11822.92%
15 Dec₹24₹12025.00%
14 Dec₹19₹11519.79%
13 Dec₹14₹11014.58%
12 Dec₹14₹11014.58%
11 Dec₹14₹11014.58%
10 Dec₹16₹11216.15%
9 Dec₹16₹11216.15%
8 Dec₹0₹960.00%
7 Dec₹0₹960.00%
6 Dec₹0₹960.00%

Key Dates

Open
11 Dec 2025
Close
15 Dec 2025
Listing
18 Dec 2025

Quick Stats

Issue Size:51cr
Lot Size:1200 shares

About the Company

HRS Aluglaze Limited is a public limited company engaged in the design, manufacturing, and installation of aluminium architectural systems. Established in 2012 and led by promoters Rupesh Shah, Pinky Shah, and Hrishikesh Shah, the Company provides windows, doors, curtain walls, cladding, and glazing solutions for residential, commercial, industrial, and institutional projects. It operates a fully integrated manufacturing facility at Bavla, Ahmedabad, equipped with CNC machinery, powder-coating lines, and quality-testing systems, enabling precision, efficiency, and large-scale capacity. The Company also offers material supply and procurement support for clients executing their own fabrication work. With ISO 9001:2015 and MSME ZED Bronze certifications, HRS Aluglaze emphasises quality, sustainability, and process excellence. Its business model spans design, engineering, fabrication, and installation, allowing end-to-end delivery and strong project control. Backed by an experienced leadership team and long-standing client relationships, the Company continues to expand its presence across India.

Strengths

  • Experienced promoters and a strong leadership team with deep industry expertise.
  • Integrated manufacturing facility with advanced CNC, powder-coating, and testing infrastructure.
  • Proven track record of executing projects across residential, commercial, and institutional sectors.
  • ISO 9001:2015 and MSME ZED Bronze certifications ensure quality and sustainability.
  • Strong client relationships with significant repeat business and growing pan-India presence.

Risks

  • Revenue depends heavily on the real estate and construction sector performance.
  • High working capital requirements may affect liquidity and cash flow.
  • Intense competition from organised and unorganised players may pressure margins.
  • Capacity expansion and new facility execution involve cost and timeline risks.
  • Dependence on contractors and skilled labour could impact project delivery.

HRS Aluglaze IPO – Frequently Asked Questions

  • The price band for the HRS Aluglaze IPO is set at ₹94 to ₹96 per share.
  • The HRS Aluglaze IPO opens on December 11, 2025 and closes on December 15, 2025.
  • The tentative listing date for the HRS Aluglaze IPO is December 18, 2025.
  • You can apply for the HRS Aluglaze IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose HRS Aluglaze, enter lot quantity and UPI ID, then approve the mandate.
  • The lot size for the HRS Aluglaze IPO is 1200 shares. Investors must apply for at least one lot (i.e., 1200 shares).