HRS Aluglaze IPO GMP & Review: Apply or Avoid?

HRS Aluglaze IPO is open for bidding from 11th December 2025 to 15th December 2025. It is a bookbuilding IPO of ₹50.92 crore, an entirely fresh issue of 0.53 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 18th December 2025. 

HRS Aluglaze IPO Details 

The HRS Aluglaze IPO date is fixed between 11th December 2025 and 15th December 2025. The face value of HRS Aluglaze shares stands at ₹10 per share, and the IPO Issue price band is set at ₹94 to ₹96 per share

Purva Sharegistry India Private Limited is the registrar of the HRS Aluglaze IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

HRS Aluglaze IPO Share Reservation

Riddhi Display Equipment’s IPO is a bookbuilding IPO issue of 0.53 crore worth ₹50.92 crores. HRS Aluglaze IPO Limited shares will be listed on the BSE and the SME Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

HRS Aluglaze IPO GMP Grey Market Premium

GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the HRS Aluglaze IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 11th December 2025, HRS Aluglaze IPO GMP stands at ₹0 per share, which means the share will likely show a listing at ₹96 on its tentative listing date, 18th December 2025.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the HRS Aluglaze IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends. 

HRS Aluglaze IPO GMP Review

Check out the detailed HRS Aluglaze GMP IPO review for a thorough understanding of its potential to report listing gains on 18th December 2025. The HRS Aluglaze IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the HRS Aluglaze IPO.

HRS Aluglaze Limited’s revenue increased by 56% from ₹26.97 crores in March 2024  to ₹42.14 crores in March 2025. Moreover, the company’s PAT increased by 188% from ₹1.79 crores in March 2024 to ₹5.15 crores in March 2025.

HRS Aluglaze’s IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, the brokers, investors, and RAs have a positive outlook for the HRS Aluglaze IPO for its tentative listing day, which is 18th December 2025. 

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the HRS Aluglaze IPO.

The PE ratio of HRS Aluglaze Limited shares is 26.07, and its Earnings Per Share (EPS) stands at 3.68. Thus, the HRS Aluglaze IPO can deliver gains on its tentative listing date, 17th December 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of HRS Aluglaze Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

HRS Aluglaze IPO Subscription Status

The HRS Aluglaze IPO is to be opened for bidding on 11th December 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live HRS Aluglaze IPO Subscription Status. 

About HRS Aluglaze Limited

HRS Aluglaze was established 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 customised solutions to builders, contractors, architects, and institutions, along with material supply and procurement support. The manufacturing facility is located in Village Rajoda, Taluka Bavla, Ahmedabad, Gujarat, with an area of 11,176 square meters and 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.

HRS Aluglaze Limited Financials

The company’s financial analysis is essential before applying for the HRS Aluglaze IPO. Look at the table to learn about HRS Aluglaze Limited’s financials. 

Explanation

HRS Aluglaze Limited’s revenue increased by 56% from ₹26.97 crores in March 2024  to ₹42.14 crores in March 2025. Moreover, the company’s PAT increased by 188% from ₹1.79 crores in March 2024 to ₹5.15 crores in March 2025.

HRS Aluglaze Limited IPO Promoter Holdings

Have a look at the table below to check the holdings of HRS Aluglaze Limited.

Mr Hitesh Kumar Singla, Mr Nikhil Singla, Mr Nitin Dixit, and Mr Anil Kumar Sharma.

Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.

Aim of HRS Aluglaze IPO

The primary aim of the HRS Aluglaze IPO is to raise ₹50.92 crores. On the other hand, HRS Aluglaze has decided to utilise these funds in different ways.

• Funding capital expenditure to set up an assembly & glass glazing line at Rajoda, Ahmedabad, for façade work.
• Funding of the working capital requirements of the Company
• For general corporate purposes

Should I Invest in the HRS Aluglaze IPO?

Explore the pros and cons of HRS Aluglaze to know whether you should apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades. 

Pros of HRS Aluglaze IPO

• The company has experienced leadership and skilled teams 
• The company has proven track record with strong client relationships
• The company has design, execution and competitions
• The company has vision to shape the city skyline

Cons of HRS Aluglaze IPO

• The company has a dependence on a few major customers 
• The company has high working capital intensity and debt load
• The company has volatile & rising raw material costs and supply chain risks

How to Apply for HRS Aluglaze IPO?

Check the steps mentioned below to apply for HRS Aluglaze Ltd.

• Step 1: Conduct thorough research on the HRS Aluglaze IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for 2 lots of 2,400 shares worth ₹2,30,400
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the HRS Aluglaze IPO across multiple demat accounts to increase your chances of allotment. 

How to Check HRS Aluglaze IPO Allotment Status?

You can check for the HRS Aluglaze IPO allotment in different ways. These include NSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On BSE

• Visit the BSE Official Site
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the HRS Aluglaze IPO.  
• Choose whether to proceed with the PAN number or the application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your HRS Aluglaze IPO allotment status.

Let’s Wrap

HRS Aluglaze IPO is a bookbuilding issue of shares worth ₹50.92 crores. The shares of HRS Aluglaze Limited will be listed on BSE and SME on its tentative listing date of 18th December 2025. Researching the HRS Aluglaze IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on HRS Aluglaze IPO

How is the HRS Aluglaze IPO?

Ans. Currently, on 11th December 2025, the HRS Aluglaze GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹96 per share. It is a bookbuilding IPO of ₹50.92 shares. The face value of each HRS Aluglaze share is ₹10 per share. 

What is the HRS Aluglaze IPO price?

Ans. The HRS Aluglaze IPO issue price band is set at ₹94.00 to ₹96.00 per share. 

Is the HRS Aluglaze IPO a good investment?

Ans. HRS Aluglaze Limited’s revenue increased by 56% from ₹26.97 crores in March 2024  to ₹42.14 crores in March 2025. Moreover, the company’s PAT increased by 188% from ₹1.79 crores in March 2024 to ₹5.15 crores in March 2025.

Who is the registrar of the HRS Aluglaze IPO?

Ans. Purva Sharegistry India Private Limited is the registrar for the HRS Aluglaze IPO, awaiting to manage the allotment process and initiate refunds. For any queries regarding the HRS Aluglaze allotment and refund, you can contact Purva Sharegistry India Private Limited at newissue@purvashare.com or +91-022-23018261/ 23016761.

What is the issue size of the HRS Aluglaze IPO? 

Ans. HRS Aluglaze IPO is a bookbuilding IPO for ₹50.92 shares. Moreover, the IPO is set to open on 11th December 2025 and will be closed on 15th December 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the HRS Aluglaze IPO, download the HRS Aluglaze IPO RHP and HRS Aluglaze IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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