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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹50.92 Cr |
| Reserved for Market Maker | ₹2.64 Cr |
| Net Issue Size | ₹50.92 Cr |
| Fresh Issue | ₹48.28 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹94.00-96.00 per share |
| BSE Code | 544656 |
| Registrar | Purva Sharegistry (India) Pvt.Ltd. |
| Lead Managers | Cumulative Capital Pvt.Ltd. |
| Allotment Status | |
| DRHP |
| RHP |
| Final Prospectus |
| Anchor List |
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Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,400 shares · Multiples of 1,200 shares
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:
As of September 30, 2025, the Company employed approximately Ninety (90) personnel, including skilled, semiskilled, and unskilled workers across various functions.
Competitive Strengths:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure to set up assembly & glass glazing line at Rajoda, Ahmedabad for façade work. | 18.30 |
| 2 | Funding of Working Capital Requirement of the company | 19.00 |
| 3 | General Corporate Purposes | 7.62 |
| 4 | Issue Expenses | 6.30 |
| Total | 51.22 |
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 91.16 | 80.60 | 42.43 | 34.10 |
| Total Income | 26.35 | 42.14 | 26.97 | 22.69 |
| Profit After Tax | 4.54 | 5.15 | 1.79 | 0.87 |
| EBITDA | 8.45 | 10.70 | 3.53 | 1.75 |
| NET Worth | 24.61 | 20.11 | 9.96 | 8.17 |
| Reserves and Surplus | 10.66 | 13.45 | 3.46 | 1.67 |
| Total Borrowing | 41.04 | 38.66 | 24.35 | 17.91 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 34.24% |
| ROCE | 15.97% |
| Debt / Equity | 1.92% |
| RoNW | 34.24% |
| PAT Margin | 12.22% |
| EBITDA Margin | 25.42% |
| Price to Book Value | 6.53 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 3.68 | 4.71 |
| P/E (x) | 26.07 | 20.4 |
| Promoter Holding | 100% | 72.49% |
| Market Cap | ₹185.11 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.30 |
| 2 | Underwriting Fees | 2.55 |
| 3 | Market Maker Fees | 0.16 |
| 4 | Brokerage, selling commission and upload Fees | 2.20 |
| 5 | Sponsor Bank Fees | 0.01 |
| 6 | Fees payable to Registrar to Offer | 0.02 |
| 7 | Fees payable to Legal Advisor | 0.06 |
| 8 | Statutory Advertisement Expenses | 0.03 |
| 9 | Statutory Printing Expenses | 0.02 |
| 10 | Printing, advertising and marketing & promotion expenses | 0.09 |
| 11 | Regulators including stock exchanges Fees | 0.02 |
| 12 | Fees for Depositories | 0.10 |
| 13 | Peer Review Auditor Fees | 0.45 |
| 14 | Other Fee including document handling, Communication, Courier Charges, Travelling and other Out of Pocket in relation to IPO | 0.30 |
| Total | 6.30 |
Last Updated on 05-May-2026 16:36:19
