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HRS Aluglaze IPO Listing at 31% Premium at ₹126 Per Share

Thu Dec 18 2025

HRS Aluglaze IPO Listing at 31% Premium at ₹126 Per Share

HRS Aluglaze IPO listing: The HRS Aluglaze IPO was subscribed 44.83 times at the time of its closing. In this subscription, qualified institutional buyers (QIBs) received 19.48 times, and non-institutional investors (NIIs) received 82.13 times. The retail quota of the issue was subscribed to 33.67%. Before delving deeper into the topic, go through the details of the HRS Aluglaze IPO.

HRS Aluglaze IPO 

It is a book-building issue of ₹50.92 crore shares. The issue is entirely a fresh issue of 0.53 crore shares. The IPO is expected to be listed on the BSE and SME with a tentative listing date of 18th December 2025. The Vidya Wires IPO is expected to take place from 11th December 2025 to 15th December 2025. The face value of Vidya Wires IPO shares is ₹10 per share, and the IPO price is set at ₹96 per share.

IPO Allotment Date16th December 2025
IPO Open Date11th December 2025
IPO Close Date15th December 2025
Refund Initiation 17th December 2025
Issue Size53,04,000 shares(aggregating up to ₹50.92 Cr)
Face Value₹10 per share
Lot Size1,200 Shares
Issue Price ₹94 to ₹96 per share
Issue TypeBookbuilding IPO
Listing AtBSE SME
Listing Date18th December 2025

HRS Aluglaze IPO Listing

On the BSE & SME platforms, HRS Aluglaze shares are listed at ₹126 per share, reflecting a 31% premium over the issue price of ₹96 per share. On the other hand, on theSME platform, shares are listed at ₹126 per share, reflecting a premium of 31.25% from their issue price of ₹96 per share.

About the HRS Aluglaze IPO 

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 of September 30, 2025, the Company has 28 active projects.

HRS Aluglaze Limited Financials

The company’s financial analysis is essential before applying for HRS Aluglaze Limited’s IPO. Refer to the table to learn about Vidya Wires Limited’s financial information. 

Year Ended30th Sep 2025 (in cr.)31st March 2025 (in cr.)31st March 202431st March 2023
Assets91.1680.6042.4334.10
Revenue26.3542.1426.9722.69
Profit After Tax4.545.151.790.87
EBITDA8.4510.703.531.75
Net Worth24.6120.119.968.17
Reserves and Surplus10.6613.453.461.67
Total Borrowings41.0438.6624.3517.91

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.

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