HRS Aluglaze IPO Subscription Status: IPO Subscribed 14.30 Times on Day 3 So Far 

Mumbai, 12 December 2025: HRS Aluglaze Limited’s initial public offering (IPO) recorded a subscription status of 14.30 times on its third day so far, driven by individual investor participation. 

HRS Aluglaze, operates in the architectural glass sector, providing laminated, decorative, and safety glass for commercial, industrial, and residential projects. The IPO, listed on the BSE SME platform, is a complete fresh equity issuance.

HRS Aluglaze IPO Subscription Status at 14.03X on Day 3 So Far

As of 2:04 PM on Day 3, cumulative IPO subscription status at 14.30 times. The individual investors category recorded subscriptions status of 19.39 times, while the Non-Institutional Investors (NII) segment was subscribed 22.56 times. Within NII, bids above ₹10 lakh (bNII) stood at 25.81 times, and bids below ₹10 lakh (sNII) at 16.06 times.

The Qualified Institutional Buyers (QIB), excluding anchor investors, subscribed 3.68 times. In total, bids were received for 5,69,94,000 shares against 39,85,200 shares offered, translating into an application value of ₹547.142 crore across 17,024 applications.

HRS Aluglaze IPO Subscription Status for Day 1 and Day 2

On the second day, individual investors applied for 2.69 times their allocated shares, compared with 0.40 times on Day 1. Non-institutional investors (NII) submitted applications for 1.51 times their quota, including 1.28 times for bids above ₹10 lakh and 1.95 times for bids below ₹10 lakh.

Qualified Institutional Buyers excluding anchor investors recorded a subscription status of 1.08 times, unchanged from Day 1. Anchor investors were allotted 10,44,000 shares, corresponding to ₹10.022 crore at the upper price of the issue. Market makers received 2,74,800 shares, amounting to ₹2.638 crore.

Key Details and Structure of the HRS Aluglaze IPO

HRS Aluglaze IPO is a book build issue of ₹50.92 crores. The issue is entirely a fresh issue of 0.53 crore shares of ₹50.92 crore. HRS Aluglaze IPO bidding opened for subscription status on December 11, 2025, and will close on December 15, 2025. The allotment for the HRS Aluglaze IPO is expected to be finalised on December 16, 2025. HRS Aluglaze IPO will list on BSE SME with a tentative listing date fixed as December 18, 2025.

HRS Aluglaze IPO price band is set at ₹94.00 to ₹96.00 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,30,400.00 (2,400 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,600 shares), amounting to ₹3,45,600.

Cumulative Capital Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Mnm Stock Broking Pvt.Ltd..

Investors can expect the IPO allotment process to conclude shortly after 15 December 2025, with final share distribution available through the registrar. Listing on the BSE SME platform will follow, completing the IPO cycle and enabling tracking of share allocation for all categories.

Source:https://www.bseindia.com/markets/publicIssues/DisplayIPO.aspx?id=4354&type=IPO&idtype=1&status=L&IPONo=7498&startdt=11/Dec/2025

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