HRS Aluglaze IPO
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HRS Aluglaze IPO details
Schedule of HRS Aluglaze
| Issue open date | 11 Dec 2025 |
| Issue close date | 15 Dec 2025 |
| UPI mandate deadline | 15 Dec 2025 (5 PM) |
| Allotment finalization | 16 Dec 2025 |
| Refund initiation | 17 Dec 2025 |
| Share credit | 17 Dec 2025 |
| Listing date | 18 Dec 2025 |
| Mandate end date | 30 Dec 2025 |
| Lock-in end date for anchor investors (50%) | 15 Jan 2026 |
| Lock-in end date for anchor investors (remaining) | 16 Mar 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About HRS Aluglaze
HRS Aluglaze Limited is a public limited company engaged in the design, manufacturing, and installation of aluminium architectural systems. Established in 2012 and led by promoters Rupesh Shah, Pinky Shah, and Hrishikesh Shah, the Company provides windows, doors, curtain walls, cladding, and glazing solutions for residential, commercial, industrial, and institutional projects. It operates a fully integrated manufacturing facility at Bavla, Ahmedabad, equipped with CNC machinery, powder-coating lines, and quality-testing systems, enabling precision, efficiency, and large-scale capacity. The Company also offers material supply and procurement support for clients executing their own fabrication work. With ISO 9001:2015 and MSME ZED Bronze certifications, HRS Aluglaze emphasises quality, sustainability, and process excellence. Its business model spans design, engineering, fabrication, and installation, allowing end-to-end delivery and strong project control. Backed by an experienced leadership team and long-standing client relationships, the Company continues to expand its presence across India.
Financials of HRS Aluglaze
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 50.92 |
| Fresh Issue – Proceeds go to the company | 50.92 |
Utilisation of proceeds
| Purpose | INR crores (%) |
|
Capex for new assembly and glass glazing line at Rajoda |
18.3 (35.94%) |
|
Funding working capital requirements |
19 (37.31%) |
| General corporate purposes | 13.62 (26.75%) |
Strengths
- Experienced promoters and a strong leadership team with deep industry expertise.
- Integrated manufacturing facility with advanced CNC, powder-coating, and testing infrastructure.
- Proven track record of executing projects across residential, commercial, and institutional sectors.
- ISO 9001:2015 and MSME ZED Bronze certifications ensure quality and sustainability.
- Strong client relationships with significant repeat business and growing pan-India presence.
Risks
- Revenue depends heavily on the real estate and construction sector performance.
- High working capital requirements may affect liquidity and cash flow.
- Intense competition from organised and unorganised players may pressure margins.
- Capacity expansion and new facility execution involve cost and timeline risks.
- Dependence on contractors and skilled labour could impact project delivery.
Allotment Status for HRS Aluglaze
To check your IPO allotment status:
- Visit the Purva Sharegistry India IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.