HRS Aluglaze Ltd plans to raise up to Rs 50.92 crore from public offer, IPO opens on December 11, 2025

HRS Aluglaze Ltd, engaged in the design, manufacturing, and installation of aluminium products, is planning to raise up to Rs 50.92 crore from its public offer. The public offer will open for subscription on 11 December 2025 and will close on 15 December 2025. Cumulative Capital Pvt Ltd is the lead manager of the offer. Shares will be listed on the BSE SME platform.

The initial public offering of Rs 50.92 crore is a fresh issue of 53.04 lakh equity shares, including the market maker portion of 2.748 lakh shares. The total issue offered to the public involves 50.29 lakh equity shares for a face value of Rs 10 each at the price band of Rs 94-96 per share.

Out of the total net proceeds from the issue, Rs 18.30 crore is to be utilised towards funding capital expenditure to set up an assembly & glass glazing line at Rajoda, Ahmedabad, for façade work, Rs 19 crore towards funding working capital requirements, and the remaining for general corporate purposes. Total shares offered in the retail category stand at 17.85 lakh.

Minimum application for individual investors is 2,400 shares, which translates into a minimum investment of Rs 2,30,400 at the offer price of Rs 96 per share (Higher price band). Lot size is 1,200 shares.

Incorporated 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 at Village Rajoda, Taluka Bavla, Ahmedabad, Gujarat, with an area of 11,176 square meters, 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.

For H1FY26 company reported total income of Rs 26.35 crore, EBITDA of Rs 8.45 crore and Net Profit of Rs 4.54 crore. For the Full year FY24-25, total income was reported at Rs 42.14 crore, EBITDA of Rs 10.70 crore and Net Profit of Rs 5.15 crore. As on 30th September 2025, Reserves and surplus stand at Rs 10.66 crore and Assets of Rs 91.16 crore. The company has reported a healthy Return Ratio as on 31 March 2025 - ROE at 34.24 per cent, ROCE at 15.97 per cent, PAT Margin at 12.22 per cent.