India’s facade industry was worth about USD 2.2 billion in 2023, and it’s expected to reach around USD 4 billion by 2028. The market is estimated to grow at a CAGR of about 8.3% from 2022 to 2028. HRS Aluglaze Limited has been in this space and will make its debut soon.
Cumulative Capital will manage the issue, while Purva Sharegistry will register it. Don't forget to view the HRS Aluglaze IPO allotment status.
Analyse the IPO through HRS Aluglaze India's DRHP and RHP.
Note: 50% of shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.
Get a better HRS Aluglaze IPO review through the details mentioned below:
The important risks and strengths of HRS Aluglaze Limited are mentioned below:
Strengths
Strong Expertise in Facade and Glazing Projects: HRS Aluglaze has solid technical skills and industry experience, enabling them to deliver high-quality facade and glazing work across diverse projects.
Expanding Manufacturing Capabilities: With plans to set up new assembly and glazing facilities, the company is well-positioned to scale production and handle larger project volumes.
Growing Presence in the Construction Space: The company works with well-known customers and participates in important infrastructure projects.
Ability to Handle Large-Scale Projects: Their design, engineering, and execution capabilities help them manage complex jobs efficiently.
Risks
Order Book May Not Reflect Future Performance: HRS Aluglaze’s current order book might change because projects can get delayed, modified, or cancelled for reasons outside their control.
Dependence on a Few Major Customers: A large part of their business comes from key customers. If any major customer reduces orders, it may negatively impact their financial results.
No Long-Term Contracts with Clients: The company does not have firm commitment agreements. Customers can choose other suppliers anytime, which may lead to sudden drops in orders or revenue.
Reliance on Third-Party Raw Material Suppliers: Their operations depend heavily on the availability and cost of raw materials. Any price increases or supplier issues can directly affect production.
As of December 8, 2025, the HRS Aluglaze IPO GMP has not been disclosed. You can view the IPO's live GMP and the subscription status. Also, check the HRS Aluglaze DRHP and RHP before you click on the Apply Now button.
1. How is the HRS Aluglaze IPO review?
HRS Aluglaze has a business of aluminium products. The total IPO size is ₹50.92 Crore, and the listing date is 18 December 2025. For the latest details, you can also look for the GMP updates.
2. What is the HRS Aluglaze IPO date?
The IPO opening is 11 December 2025, and the closing date is 15 December 2025. Live subscription details can be monitored through FinnPick.
3. What is the HRS Aluglaze IPO price?
The HRS Aluglaze IPO price is ₹94-₹96 as of December 8, 2025. Also, don't forget to check the HRS Aluglaze IPO DRHP and RHP.
4. Do I need a demat account to bid for the HRS Aluglaze Limited IPO?
Yes, a demat account is required to bid for the HRS Aluglaze Limited IPO. Click here to get the ultimate list of the top demat account providers.
