HRS Aluglaze Ltd. Address IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,487,600 (47%) | — | ₹2,388 Cr |
| NII (HNI) | — | 756,000 (14%) | — | ₹726 Cr |
| Retail | — | 1,785,600 (34%) | — | ₹1,714 Cr |
| Market Maker | — | 274,800 (5%) | — | ₹26 Cr |
| Σ Total | — | 5,304,000 (100%) | — | ₹50,918 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹115,200 |
| Retail (Max) | 13 | 15,600 | ₹1,497,600 |
| S-HNI (Min) | 14 | 16,800 | ₹1,612,800 |
| B-HNI (Min) | 67 | 80,400 | ₹7,718,400 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 26 | 42 | 27 |
| EBITDA | 8 | 11 | 4 |
| Profit After Tax | 5 | 5 | 2 |
| Net Worth | 25 | 20 | 10 |
| Total Assets | 91 | 81 | 42 |
| Reserves & Surplus | 11 | 13 | 3 |
| Total Borrowing | 41 | 39 | 24 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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 purposes –
Company Overview
Incorporated in 2012, HRS Aluglaze Ltd is engaged in the design, manufacturing, and installation of aluminium products, including windows, doors, curtain walls, cladding, and glazing systems.
The Company provides standard and customized solutions to builders, contractors, architects, and institutions, along with material supply and procurement support.
The manufacturing facility is located at Village Rajoda, Taluka Bavla, Ahmedabad, Gujarat, with an area of 11,176 square meters, equipped with CNC precision machinery and powder coating facilities. An expansion of 13,714 square meters adjoining the current facility is proposed.
As on September 30, 2025, the Company has 28 active projects.
Offerings:
- Doors and Windows
- Curtain Walls and Structural Glazing
- Glass Railings, Partitions, Louvers, and Screens
- Cladding and Dynamic Façades
- Material Supply and Procurement Support
As of September 30, 2025, the Company employed approximately Ninety (90) personnel, including skilled, semiskilled, and unskilled workers across various functions.
Competitive Strengths:
- Experienced Leadership and Skilled Teams
- Proven Track Record with Strong Client Relationships
- Design, Execution, and Completions
- Commitment to Quality, Innovation, and Sustainability
- Vision to Shape the City Skyline