HRS Aluglaze IPO is a book-built issue aiming to raise ₹50.92 crore. It comprises a fresh issue a fresh issue of 0.53 crore shares. The bidding window was open from December 11, 2025, to December 15, 2025, with the IPO allotment to be finalised on December 16, 2025. HRS Aluglaze is scheduled to list on BSE SME on December 18, 2025.
The IPO was priced at ₹94–₹96 per share with a lot size of 1,200 shares. The public issue received bids for 17,86,64,400 shares against 39,85,200 shares available, resulting in an overall subscription of 44.83 times. QIBs led the response, subscribing 19.48 times their quota, followed by NIIs at 82.13 times and retail investors at 49.54 times.
HRS Aluglaze’s ₹50.92 crore IPO, priced at ₹94–₹96 per share, was subscribed 44.83 times overall. The IPO consists of a fresh issue of 0.53 crore shares. Bidding took place from December 11 to December 15, 2025, with the HRS Aluglaze IPO allotment status on December 16, 2025. Retail investors subscribed 49.54 times and NIIs 82.13 times. Listing is expected on December 18, 2025.
The table below breaks down the HRS Aluglaze share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Category | Shares Offered |
| Market Maker | 2,74,800 |
| QIB | 24,87,600 |
| --Anchor Investor | 10,44,000 |
| --QIB (Ex Anchor) | 14,43,600 |
| NII | 7,56,000 |
| --bNII (bids above ₹10L) | 5,04,000 |
| --sNII (bids below ₹10L) | 2,52,000 |
| Retail | 17,85,600 |
| Total | 53,04,000 |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 19.48 |
| Non-Institutional Investors | 82.13 |
| Retail Individual Investors | 49.54 |
| Total shares | 44.83 |
Note: The subscription details are as of December 15, 2025
HRS Aluglaze is engaged in the business of designing, manufacturing, and installing a range of aluminium products, including windows, doors, curtain walls, cladding, and glazing systems. These solutions are tailored to meet the requirements of builders, contractors, architects, and institutions, with both standard and customiSed options, and the company also provides material supply and procurement support.
Over the years, the company has developed the capability to offer quality architectural systems and deliver reliable, customized solutions for commercial, residential, industrial, and institutional projects, including hospitals. Its manufacturing facility is located in Village Rajoda, Taluka Bavla, Ahmedabad, Gujarat, covering approximately 11,176 square meters.
To support its long-term growth plans and meet increasing demand, the company has invested in in-house infrastructure, CNC precision machinery, and powder-coating facilities to maintain consistent quality across operations. The company has proposed an expansion of approximately 13,714 square meters adjoining the current facility.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 15, 2025, 5:45 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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