What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of HRS Aluglaze Limited IPO?

HRS Aluglaze Limited IPO has received a total subscription of 44.90 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

HRS Aluglaze Limited

ListedSME

Manufacturing · BSE

HRS Aluglaze Ltd, incorporated in 2012, designs, manufactures, and installs aluminium products such as windows, doors, curtain walls, cladding, and glazing systems. The company offers both standard and customized solutions to builders, contractors, architects, and institutions, along with material supply and procurement support. Its manufacturing facility in Rajoda, Bavla, Ahmedabad, Gujarat, spans 11,176 square meters and is equipped with CNC precision machinery and powder coating facilities, with an additional 13,714 square meter expansion proposed. As of September 30, 2025, the company has 28 active projects and employs around 90 personnel, including skilled, semi-skilled, and unskilled workers, across various functions.

Price Band

₹94 – ₹96

Issue Size

₹50.92 Cr

Lot Size

1200 shares

GMP

₹16

+16.7%

Est. Listing

₹112

at current GMP

Subscribed

44.90x

overall

Open

11 Dec 2025

15 Dec 2025

Allotment

16 Dec 2025

Refund

17 Dec 2025

Demat Credit

18 Dec 2025

Listing

18 Dec 2025

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

44.90x

Total Demand

QIB Multiplier

19.48x

Institutions & Funds

NII / HNI

82.49x

High Net-Worth

Retail (RII)

49.54x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 44.90x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	1,443,600	28,124,400	19.48x
NIB	756,000	62,362,800	82.49x
HNIs(10L +)	504,000	49,746,000	98.70x
HNIs (2-10L)	252,000	12,616,800	50.07x
RETAIL	1,785,600	88,452,000	49.54x
Total	4,741,200	241,302,000	44.90x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 54.86x

Category	Applications Reserved	Applications Received	Times Subscribed
QIB	—	38	0.00x
NIB	—	7,723	0.00x
RETAIL	744	36,855	49.54x
HNIs(10L +)	140	4,478	31.99x
HNIs (2-10L)	70	3,245	46.36x
Total Applications	954	52,339	54.86x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About HRS Aluglaze Limited Public Issue & Market Profile

HRS Aluglaze Limited is bringing an initial public offering (IPO) in the Manufacturing sector with an aggregate issue size of ₹50.92 Crores. The shares are offered at a price band of ₹94 to ₹96 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Bidding & Quota Instructions:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,15,200 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Allotment Reconciliation Schedule:

Allotment reconciliation will be managed by Purva Sharegistry India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-12-18, while un-allotted funds or UPI block mandates will be released on 2025-12-17.

Frequently Asked Questions

What is HRS Aluglaze Limited IPO GMP today?

The latest Grey Market Premium (GMP) for HRS Aluglaze Limited IPO is ₹16 per equity share. Based on the upper price band of ₹94 to ₹96 per equity share, the estimated listing price is ₹112 (+16.7% expected listing gain).

What is the expected profit per lot for HRS Aluglaze Limited IPO?

With a lot size of 1200 shares and current GMP of ₹16, the expected profit per application lot is approx ₹19,200 (+16.7% gain). Minimum application cost is approx ₹1,15,200.

What is the issue size and price band for HRS Aluglaze Limited IPO?

The HRS Aluglaze Limited IPO aggregate issue size is ₹50.92 Crores with an equity price band set at ₹94 to ₹96 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,15,200.

How can I check HRS Aluglaze Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 44.90x (Retail: 49.54x, QIB: 19.48x, NII: 82.49x). You can track live multiples directly on our dedicated subscription page.

Where and when will HRS Aluglaze Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Purva Sharegistry India Private Limited) and the BSE status verification website on or around 2025-12-16. Investors can verify status using PAN card or application number.

When is the listing date for HRS Aluglaze Limited IPO?

HRS Aluglaze Limited shares are scheduled to list on BSE on 2025-12-18.