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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the HRS Aluglaze Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹96
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,15,200
Issue Size
₹50.92 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.51%
QIB Quota
49.46%
NII Quota
15.03%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
72.49%
Issue Type
Book Building - SME
ISIN
INE1E1V01017
Our Company is engaged in the business of design, manufacturing, and installation of a wide range of aluminium products, including windows, doors, curtain walls, cladding, and glazing systems. These solutions are carefully tailored to meet the specific requirements of builders, contractors, architect, and institutions, with both standard and customized options and requirements and our Company also provide material supply and procurement support.
The Indian facade market was valued at approx. USD 2.2 billion in 2023. The market is projected to reach around USD 4 billion by 2028. This growth projection is supported by the increasing demand for modern and sustainable building solutions. The compound annual growth rate (CAGR) is estimated to be between 8.3% from 2022 to 2028.
Revenue, profit after tax and total assets across the last 2 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of up to 53,04,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of HRS Aluglaze Limited ("HRS" Of "The"Company") at an issue price of Rs. 96 per equity share (Including A Share Premium Of Rs. 86 Per Equity Share) for cash, aggregating up to Rs. 50.92 crores ("Public Issue") out of which 2,74,800 equity shares of face value of Rs. 10/- each,at an issue price of Rs. 96 per equity share for cash, aggregating Rs. 2.64 crores will be reserved for subscription by the market maker to the issue (The "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 50,29,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 96 per equity share for cash, aggregating up to Rs. 48.28 crores is hereinafter referred to as the "net issue". The public issue and net issue will constitute 27.51 % and 26.08 % respectively of the post- issue paid-up equity share capital of the company. The face value of the equity share is Rs. 10 each and the issue price is Rs. 96/- Anchor investor issue price Rs: Rs.96/- per equity share The issue price is 9.6 times of the face value of the equity share.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
HRS Aluglaze Limited (the "Company" or the "Issuer") was incorporated under the Companies Act, 1956 as a private limited company under the name and style of "HRS Aluglaze Private Limited" pursuant a certificate of incorporation dated March 30, 2012 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, the status of the Company was changed to a public limited company and the name of our Company was changed to "HRS Aluglaze Limited" vide resolution passed by our Board of Directors at their meeting held on August 5, 2024 and by the Shareholders of our Company at their extraordinary general meeting held on August 7, 2024. A fresh Certificate of Incorporation consequent upon conversion from a Private Limited Company to Public Limited Company dated October 8, 2024 was issued by the Registrar of Companies, Central Processing Centre.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY25 to FY26.