HRS Aluglaze IPO GMP is making waves among SME IPO trackers as the grey market signals cautious optimism. Today, HRS Aluglaze IPO GMP stands at around ₹14-27 premium over the ₹96 upper band, translating to roughly 15-20% estimated listing gain – a decent pop for patient investors. Track live IPO GMP today closely because this Grey Market Premium can swing wildly based on subscription momentum and final hours buzz. If you’re eyeing short-term listing plays, HRS Aluglaze IPO GMP movement tells a story worth following till the BSE SME debut.
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HRS Aluglaze IPO GMP Live Movement Day Wise
| Date | IPO GMP | IPO Price | Listing Gain |
|---|---|---|---|
| 19 Dec 2025 | ₹22 | ₹96 | ₹118 (22%) |
| 18 Dec 2025 | ₹23 | ₹96 | ₹119 (23%) |
| 17 Dec 2025 | ₹27 ▲ | ₹96 | ₹123 (28%) |
| 16 Dec 2025 | ₹21 ▲ | ₹96 | ₹117 (21%) |
| 15 Dec 2025 | ₹14 | ₹96 | ₹110 (14.6%) |
| 14 Dec 2025 | ₹14 | ₹96 | ₹110 (14.6%) |
| 13 Dec 2025 | ₹14 ▲ | ₹96 | ₹110 (14.6%) |
HRS Aluglaze IPO Dates Timeline
| Event | Date |
|---|---|
| IPO Open Date | December 11, 2025 |
| IPO Close Date | December 15, 2025 |
| Basis of Allotment | December 16, 2025 |
| Refunds Initiation | December 17, 2025 |
| Credit to Demat | December 17, 2025 |
| IPO Listing Date | December 18, 2025 |
| UPI Mandate Cut-off | December 15, 2025 – 5 PM |
HRS Aluglaze IPO Review
| Rating | Review |
| ⭐⭐⭐ | Good |
HRS Aluglaze IPO Overview
| Particular | Details |
|---|---|
| Total Issue Size | Approx ₹50.92 crores (fresh issue of ~53.04 lakh shares) |
| IPO Price Band | ₹94 to ₹96 per share |
| Minimum Investment | ₹2,30,400 (2 lots, 2,400 shares at upper band) |
| Lot Size | 2,400 shares (retail minimum), underlying lot of 1,200 shares |
| Issue Type | SME IPO, 100% Fresh Issue, Book Built |
| IPO Listing | BSE SME |
| DHRP Draft Link | View |
HRS Aluglaze Business Model Explained
Picture this: towering glass facades gleaming under city lights, sleek aluminium windows framing modern homes – that’s HRS Aluglaze’s world since 2012. From their Ahmedabad manufacturing hub, they craft everything from aluminium windows and doors to curtain walls, cladding, and glazing systems that builders crave for residential towers, commercial hubs, and industrial setups.
HRS Aluglaze doesn’t just supply metal – they deliver turnkey solutions. Design sketches turn into precise CNC-fabricated frames, powder-coated for durability, then installed onsite with engineering precision. Revenue flows from project contracts with architects, contractors, and institutions, blending B2B reliability with customization that commands premium pricing. As urban India builds skyward, their order book thickens.
Investors love how HRS Aluglaze IPO GMP reflects this growth narrative. Grey Market Premium traders bet on execution quality meeting real estate demand, making live IPO GMP today a real-time sentiment thermometer for this ₹50.92 crore fresh issue debut.
Strengths
HRS Aluglaze shines in a booming sector where every new skyscraper needs their signature facades. Their integrated model – design, manufacture, install – cuts middlemen and boosts margins while delighting clients with one-stop reliability. Advanced CNC machines and a 11,176 sqm Gujarat facility ensure scale and quality that unorganized players can’t match.
Diversified across residential, commercial, and institutional projects, they dodge single-market slumps. With 28 live projects as of late 2025, the pipeline looks healthy amid India’s infra push. No wonder HRS Aluglaze IPO GMP holds steady – Grey Market Premium pros see structural tailwinds making this SME a calculated bet over pure hype IPOs.
Weaknesses / Risks
Construction cycles hit HRS Aluglaze hard – realty slowdowns mean fewer orders, stretched receivables, and cash crunches despite milestone billing. Aluminium price spikes (no full pass-through) squeeze margins fast, while regional Gujarat focus exposes them to local slowdowns before pan-India expansion.
Intense competition from giants and local fabricators keeps pricing battles fierce. SME liquidity risks add volatility – even solid HRS Aluglaze IPO GMP can evaporate if listing sentiment flips. Grey Market Premium is just informal chatter; live IPO GMP today swings remind cautious investors to size positions small and watch subscription like hawks.
Popular Products from HRS Aluglaze
For everyday users, HRS Aluglaze crafts the windows that flood your home with sunlight, sliding effortlessly year after year. Their aluminium doors stand tough against monsoons while looking sleek in modern apartments. In offices and malls, curtain wall systems create those stunning glass exteriors that turn heads, letting natural light pour in without compromising safety. Cladding panels wrap buildings in weatherproof style, blending aesthetics with insulation. Simply put, they make living spaces brighter, safer, and classier – the invisible heroes behind premium architecture you experience daily.
