ListedSMEAluminium & Aluminium ProductsHRS

HRS Aluglaze IPO

HRS Aluglaze IPO is an SME IPO raising ₹50 Cr at ₹94 – ₹96 a share. It listed on 18 Dec 2025 at ₹126, +31.3% against its issue price of ₹96, and trades at ₹256 today (+167.1% since issue). It was subscribed 44× in total.

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₹96

Issue price

₹256

Price now

+167.1%

Since issue price

18 Dec 2025

Listed on

44×Subscribed (final) · all exchanges

44.4 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹94 – ₹96

Cut-off price₹96

Issue size₹50 Cr

Shares per lot1200

Minimum application₹1,15,200

Minimum quantity2400

Face value₹10

Listing exchangesBSE

ISININE1E1V01017

Bidding hours10:00 – 17:00 IST

Bidding window11 Dec 2025 – 15 Dec 2025

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.