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HRS Aluglaze IPO is a Book Building IPO listing on BSE SME exchange, with an ipo size of ₹ [●] Cr. The company is based in Ahmedabad and caters to Aluminium sector. Cumulative Capital is the merchant banker of HRS Aluglaze IPO. It is a SME Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 11th September 2025.
IPO
Size:
₹ Cr.
Avg IPO Size (Sector Based)
: ₹
29.45 cr.
Sector: Aluminium
SME
IPO so far:
15
Merchant Banker:
Cumulative Capital
SME
IPO by BRLM so far:
3
City:
Ahmedabad
SME
IPO so far:
189
Revenue (annualised):
₹
42.11
cr. 
PE
Ratio:
x
Average Sector PE Ratio: 17.62x
HRS Aluglaze IPO size is ₹ [●] with IPO price of ₹ [●]. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
| Particulars | Amount |
|---|---|
| Funding of working capital requirements of the Company | 19.00 |
| General corporate purposes | [●] |
| Net Issue proceeds | [●] |
Cumulative Capital Private Limited is the book-running lead manager of the HRS Aluglaze IPO. Purva Sharegistry India Private Limited is the Registrar for HRS Aluglaze IPO.
HRS Aluglaze IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
HRS Aluglaze IPO, based in Ahmedabad, operates in the Aluminium sector with a focus on Designing, manufacturing, and installing a wide range of aluminium products. The company is launching its SME Upcoming IPO on the BSE SME exchange, using the Book Building Issue method. HRS Aluglaze IPO size is ₹ [●] with fresh issue size of ₹ 0 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for HRS Aluglaze IPO is expected to be [●], after the finalization of basis of allotment. Investors can check HRS Aluglaze IPO allotment status on the registrars website, Purva Sharegistry India Private Limited . HRS Aluglaze IPO refund dates are [●].
HRS Aluglaze IPO is expected to be listed on [●].
The upper price band for the HRS Aluglaze IPO is set at ₹ [●] per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on HRS Aluglaze IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the HRS Aluglaze IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of [●]. After submission, funds are blocked until the basis of allotment of HRS Aluglaze IPO is finalised.
The merchant banker for HRS Aluglaze IPO is Cumulative Capital Private Limited . Cumulative Capital Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the HRS Aluglaze IPO RHP for further details.
The registrar for HRS Aluglaze IPO is Purva Sharegistry India Private Limited . Investors can go to Purva Sharegistry India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to HRS Aluglaze IPO through their official website or helpline.
HRS Aluglaze IPO was subscribed [●] times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
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IPO
Size:
[●]
Avg IPO Size (Sector Based)
:
₹ 29.45 Cr.
Sector: Aluminium
SME
IPO so far:
15
Merchant Banker:
Cumulative Capital
SME
IPO by BRLM so far:
3
City:
Ahmedabad
SME
IPO so far:
189
Revenue (annualised):
₹ 42.11 cr.
PE
Ratio:
[●]
Average Sector PE Ratio: 17.62x
HRS Aluglaze IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on HRS Aluglaze Financial Review Page
Merchant Banker(s) of HRS Aluglaze IPO: Cumulative Capital Private Limited
HRS Aluglaze IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
HRS Aluglaze IPO listed at a listing price of against the offer price of .
The current market price of HRS Aluglaze is .
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