| The initial public offer (IPO) of HRS Aluglaze received bids for 23,98,800 shares as against 42,60,000 shares on offer, as per BSE data as of 17:00 hours on Thursday (11 December 2025). The issue was subscribed 0.56 times.
The issue opened for bidding on Thursday (11 December 2025) and it will close on Monday (15 December 2025). The price band of the IPO was fixed between Rs 94 to Rs 96 per share. The minimum order quantity is 1,200 equity shares. The equity shares will list on BSE’s SME platform.
The IPO comprises fresh issue of 53,04,000 equity shares. About 2,74,800 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 50,29,200 equity shares.
The issue and the net issue will constitute 27.51% and 26.08%, respectively, of the post-issue paid-up equity share capital of the company.
The company intends to utilize the net proceeds for funding capital expenditure to set up assembly & glass glazing line at Rajoda, Ahmedabad for facade work, funding of working capital requirements of the company and general corporate purposes.
Ahead of the IPO, HRS Aluglaze on Wednesday, 10 December 2025, raised Rs 10.02 crore from anchor investors. The board allotted 10.44 lakh shares at Rs 96 each to 2 anchor investors.
HRS Aluglaze is engaged in the business of designing, manufacturing and installing a wide range of aluminium products, including windows, doors, curtain walls, cladding, and glazing systems. These solutions are tailored to meet the specific requirements of builders, contractors, architects, and institutions, with both standard and customized options. The company also provides material supply and procurement support. As of 30 September 2025, the company had total 90 employees.
The company recorded revenue from operations of Rs 26.33 crore and net profit of Rs 4.54 crore for the period ended 30 September 2025.
|