HRS Aluglaze
Open Date
11 Dec 2025
Close Date
15 Dec 2025
Min Investment
₹230400
Lot Size
2400 Shares
Issue Size
₹50.92 Cr
Price Range
₹94 - ₹96
Listing Date
Dec 18, 2025
IPO Doc
RHP PDFAbout HRS Aluglaze
HRS Aluglaze Limited designs, manufactures, and installs a wide range of aluminium windows, doors, curtain walls, cladding, and glazing systems for commercial, residential, industrial, and institutional projects. Its manufacturing facility in Bavla, Ahmedabad, spans ~11,176 sq. m. and is equipped with CNC machinery and powder-coating capabilities. As of September 30, 2025, the company has 28 active projects with an expected revenue contribution of approximately ₹103 crore. Regionally, Gujarat contributed the majority of revenue with 90.07%, Telangana 4.33%, Maharashtra 3.72% and Tamil Nadu 1.88% as of September 2025. It had an installed capacity of 15,00,000 sq ft and a capacity utilisation rate of 34.75%.
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HRS Aluglaze IPO - Issue Objectives
The company will utilise ₹18.30 crore to set up an assembly & glass glazing line for façade work. The company will utilise ₹19 crore towards funding working capital requirements. Part of the IPO proceeds will be used for general corporate purposes and issue expenses
Capital expenditure
35.94%
Working capital
37.31%
General corporate purpose
26.75%
Capital expenditure
The company will utilise ₹18.30 crore to set up an assembly & glass glazing line for façade work.
Working capital
The company will utilise ₹19 crore towards funding working capital requirements.
General corporate purpose
Part of the IPO proceeds will be used for general corporate purposes and issue expenses
IPO Subscription Status
Financials of HRS Aluglaze
In Cr.
Revenue: ₹26.35
EBITDA: ₹8.45
Profit: ₹4.54
| Key Performance Indicator | 30-Sep-25 (In Cr.) | 31-Mar-25 (In Cr.) | 31-Mar-24 (In Cr.) | 31-Mar-23 (In Cr.) |
|---|---|---|---|---|
| Revenue | 26.35 | 42.14 | 26.97 | 22.69 |
| EBITDA | 8.45 | 10.70 | 3.53 | 1.75 |
| Expenses | ||||
| Profit After Tax | 4.54 | 5.15 | 1.79 | 0.87 |
| Assets | 91.16 | 80.60 | 42.43 | 34.10 |
| Net Worth | 24.61 | 20.11 | 9.96 | 8.17 |
| Reserves | 10.66 | 13.45 | 3.46 | 1.67 |
| Borrowing | 41.04 | 38.66 | 24.35 | 17.91 |
HRS Aluglaze - Promoter(s)
Rupesh Pravinbhai Shah
Pinky Rupesh Shah
Hrishikesh Rupesh Shah
100%
72.49%
Contact Details
HRS Aluglaze
601 W-1, 6th Floor, New York Timber Street Opp. PSP House, B/H. S.G. Highway, Ambali Road, Jodhpur Ahmedabad, Gujarat, 380058
Registrar Contact Details
Purva Sharegistry (India) Pvt.Ltd.
HRS Aluglaze IPO - FAQs
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