Recently Listed HRS Aluglaze Ltd plans a new manufacturing facility at Rajoda in Gujarat
DSIJ Intelligence-1Categories: Mindshare, Trending
The company’s share price is currently trading at Rs 146 per share – 52 per cent higher than the IPO price of Rs 96 per share.
Recently listed, HRS Aluglaze Ltd (BSE – 544656), engaged in the design, manufacturing and installation of aluminium products, has initiated development of a new manufacturing facility at Rajoda, in Ahmedabad, Gujarat. The project entails an estimated investment of approximately Rs 16 crore and is expected to be completed within around 15 months. The company's move reinforces the company’s capacity expansion plans and long-term growth strategy.
HRS Aluglaze Ltd has recently completed its Rs 50.92 crore public issue. The Issue was subscribed to 44.83 times. The company’s share made a strong debut on December 18, listing at Rs 126 per share on BSE SME, over 31 per cent gain to the IPO price of Rs 96 per share. On 22 December, the company’s stock price was trading at Rs 146 per share, 52 per cent higher to IPO price.
The proposed facility will be located at Bavla–Sanand Road, Rajoda, Ahmedabad, Gujarat. The company has entered into a turnkey Construction arrangement with Chavda Infra Limited, an infrastructure and Construction Company, for the development of the factory building, including civil, structural and allied works.
Sharing more details, Mr Rupesh Shah, Managing Director, HRS Aluglaze Ltd, said, “Upon commissioning, the new facility is expected to significantly enhance production capacity, improve operational efficiencies and strengthen quality control, enabling the Company to undertake larger and more complex projects. The project will be funded through a prudent mix of internal accruals and project-linked funding, without any material adverse impact on the Company’s financial position and is expected to support sustainable growth and long-term shareholder value creation.”
Out of the total net proceeds from the issue of Rs. 52.90 crore, the company has earmarked Rs 18.30 crore 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.
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 on Equity (ROE) as on 31 March 2025 - ROE at 34.24 per cent, ROCE at 15.97 per cent, PAT Margin at 12.22 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.