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15 Days Price Change

HRS Aluglaze IPO

Closing In

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Profile
Issue Size 40.9 Cr
Profile
Price Range 94  to  96 per share
Profile
Min Investment ₹96
Profile
Lot Size 1
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Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Our Company is engaged in the business of design, manufacturing, and installation of a wide range of aluminiumproducts, including windows, doors, curtain walls, cladding, and glazing systems. These solutions are carefullytailored to meet the specific requirements of builders, contractors, architect, and institutions, with both standardand customized options and requirements and our Company also provide material supply and procurementsupport. Over the years, our Company have evolved capability of providing good quality architectural systems,delivering reliable and customized solutions for commercial, residential, industrial, and institutional projectsincluding hospitals. Read More

Basic Info

Face Value 10 per share

Price 94  to  96 per share

P/E (x) 25.3

Sales( Cr.) 42

PAT( Cr.) 5

EPS 3.8

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Rupesh Pravinbhai Shah Pinky Rupesh Shah Hrishikesh Rupesh Shah

Pre Issue Share Holding 100%

Post Issue Share Holding 72.49%

Listing Details:

Listing Price: 126

Listing Gain: 23.81%

Current Price: 237

Gain On Issue: 237 | 0%

GMP: 24

GMP %: 25 %

IPO Tentative Timetable

Opening Date Dec 11, 2025
Closing Date Dec 15, 2025
Allotment Dec 16, 2025
Refund Dec 17, 2025
Delivery of Shares Dec 17, 2025
Listing Date Dec 18, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2400 230,400
Retail (Max) -- -- --
S-HNI (Min) 1 2400 230,400
S-HNI (Max) 4 9600 921,600
B-HNI (Min) 5 12000 1,152,000

Objective of the Issue

1. Funding capital expenditure to set up assembly & glass glazing line at Rajoda, Ahmedabad for façade work.2. Funding of working capital requirements of the Company3. General corporate purposes

Issue

Category Nos Bid Bid (x)
QIB 1443600 28124400 19.5x
NII 1030800 62362800 60.5x
Retail 1785600 88452000 49.5x
EMP 0 0 0x
Total 4260000 178939200 42x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

HRS Aluglaze Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 23 27 42
Other Income 0 0 0
Total Income 23 27 42
Total Expenditure 21 23 31
Operating Profit 2 4 11
Interest 1 1 3
Depreciation 0 0 1
Exceptional Income / Expenses 0 0 0
Profit Before Tax 1 2 7
Provision for Tax 0 1 2
Profit After Tax 1 2 5
Adjustments 0 0 0
Profit After Adjustments 1 2 5
Adjusted Earnings Per Share 0.6 1.3 3.7

HRS Aluglaze Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 8 10 20
Minority's Interest 0 0 0
Borrowings 16 17 25
Other Non-Current Liabilities 0 1 1
Total Current Liabilities 9 15 35
Total Liabilities 34 42 81
Fixed Assets 3 27 46
Other Non-Current Assets 22 3 3
Total Current Assets 8 12 32
Total Assets 34 42 81

HRS Aluglaze Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0
Cash Flow from Operating Activities -2 1 3
Cash Flow from Investing Activities -17 -7 -20
Cash Flow from Financing Activities 19 5 17
Net Cash Inflow / Outflow -0 -0 0
Closing Cash & Cash Equivalent 0 0 0

HRS Aluglaze Ratios

# Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.64 1.31 3.68
CEPS(Rs) 0.7 1.44 4.65
DPS(Rs) 0 0 0
Book NAV/Share(Rs) 5.99 7.3 14.38
Core EBITDA Margin(%) 7.75 13.24 25.42
EBIT Margin(%) 7.96 13.61 22.3
Pre Tax Margin(%) 5.38 9.01 16.33
PAT Margin (%) 3.85 6.69 12.22
Cash Profit Margin (%) 4.24 7.39 15.43
ROA(%) 2.55 4.67 8.37
ROE(%) 10.62 19.71 34.24
ROCE(%) 6.88 12.02 20.17
Receivable days 47.8 50.98 76.69
Inventory Days 51.29 59.85 91.57
Payable days 109.48 145.6 175.57
PER(x) 0 0 0
Price/Book(x) 0 0 0
Dividend Yield(%) 0 0 0
EV/Net Sales(x) 1.08 1.16 1.07
EV/Core EBITDA(x) 12.92 8.09 4.21
Net Sales Growth(%) 0 18.35 57.77
EBIT Growth(%) 0 102.33 158.51
PAT Growth(%) 0 105.79 188.07
EPS Growth(%) 0 105.79 181.31
Debt/Equity(x) 2.18 2.44 1.92
Current Ratio(x) 0.88 0.84 0.92
Quick Ratio(x) 0.54 0.46 0.47
Interest Cover(x) 3.08 2.96 3.74
Total Debt/Mcap(x) 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 56% 0% 0% 0%
Operating Profit CAGR 175% 0% 0% 0%
PAT CAGR 150% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 34% 22% 22% 22%
ROCE Average 20% 13% 13% 13%

Company Contact Information

HRS Aluglaze Ltd.

Siddhi Mangal

+91 79 26306595

info@hrsaluglaze.com

Office 601 W-1, 6th Floor New York Timber Street, Opp. Psp House B/h. S. G. Highway, Ambali Road, Jodhpur, Daskroi

IPO Lead Manager(s)

HRS Aluglaze Ltd.

Cumulative Capital Pvt Ltd

Registrar Info

HRS Aluglaze Ltd.

Purva Shareregistry (India) Pvt Ltd

33 Printing House , 28 D Police Court Lane,Behind Old Handloom House,Fort,Mumbai

busicomp@vsnl.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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