HRS Aluglaze Announces Rs 50.9 Crore IPO Launch

HRS Aluglaze is set to launch a Rs 50.9 crore IPO from December 11 to 15. The Ahmedabad-based company will use the proceeds for working capital and setting up a glass glazing line. The IPO consists entirely of fresh shares, with a fixed price band of Rs 94-96.

Ahmedabad-based HRS Aluglaze, specializing in aluminium products, has announced the launch of a Rs 50.9 crore Initial Public Offering (IPO), slated for public subscription from December 11 to 15. Anchor investors have a bidding window on December 10, the company confirmed in a press release.

The IPO is set at a price band of Rs 94-96 per share and will be listed on BSE SME, tentatively on December 18. The offering marks a fresh issue of 53.04 lakh equity shares, with the net proceeds targeting various growth initiatives including a new assembly and glass glazing line at Rajoda, Ahmedabad.

HRS Aluglaze, incorporated in 2012, reported a total income of Rs 26.35 crore and a net profit of Rs 4.54 crore for the first half of fiscal year 2026. Cumulative Capital is the sole book running lead manager for this IPO.

(With inputs from agencies.)