HRS Aluglaze IPO Sees Exceptional Demand, Subscribed 44.83x on Day 3

HRS Aluglaze Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its third day of subscription. The stock price band is set at ₹94-96 per share. The ₹50.92 crore IPO reached 44.83 times by 5:04:36 PM on day three. 

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HRS Aluglaze IPO subscription reached exceptional 44.83 times on day three. It was led by Non-Institutional Investors (82.13x), Individual Investors (49.54x), and Qualified Institutional Buyers Ex-Anchor (19.48x). Total applications reached 44,760.

Subscription Status of HRS Aluglaze IPO:

Here are the subscription details for HRS Aluglaze IPO as of Day 3 (December 15, 2025, 5:04:36 PM):

Key Highlights - Day 3:

• Overall subscription reached exceptional 44.83 times, showing extraordinary improvement from day two's 1.89 times
• Non-institutional investors displaying exceptional interest at 82.13 times, building dramatically from day two's 1.51 times, indicating very strong HNI appetite for this aluminium products manufacturer
• Individual investors showing exceptional confidence at 49.54 times, building substantially from day two's 2.69 times, indicating very strong retail demand for this SME IPO
• Total applications reached 44,760, showing exceptional investor participation for this SME IPO, a significant increase from day two's applications
• Cumulative bid amount reached ₹1,715.18 crores, significantly exceeding the net offer size of ₹48.28 crores (excluding anchor and market maker portions) by over 35 times

HRS Aluglaze IPO - Day 2 Subscription at 1.89 Times

Key Highlights - Day 2:

• Overall subscription reached moderate 1.89 times, showing substantial improvement from day one's 0.60 times
• Individual investors displaying moderate confidence at 2.69 times, building substantially from day one's 0.40 times
• Non-institutional investors showing moderate performance at 1.51 times, building substantially from day one's 0.17 times
• Qualified institutional buyers showing moderate performance at 1.08 times, maintaining from day one's 1.08 times

HRS Aluglaze IPO - Day 1 Subscription at 0.60 Times

Key Highlights - Day 1:

• Overall subscription reached weak 0.60 times, showing cautious initial investor interest
• Qualified institutional buyers displaying moderate performance at 1.08 times, indicating measured institutional appetite
• Individual investors showing weak confidence at 0.40 times, indicating subdued retail sentiment
• Non-institutional investors showing weak performance at 0.17 times, indicating very weak HNI interest

About HRS Aluglaze Limited

Incorporated in 2012, HRS Aluglaze Limited is engaged in the design, manufacturing, and installation of aluminium products, including windows, doors, curtain walls, cladding, and glazing systems. The company provides standard and customised solutions to builders, contractors, architects, and institutions, along with material supply and procurement support.