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₹96 - 96
HRS Aluglaze Ltd
ConstructionIPOSME
₹96 - 96
Our Company is engaged in the business of design, manufacturing, and installation of a wide range of aluminium products, including windows, doors, curtain walls, cladding, and glazing systems. These solutions are carefully tailored to meet the specific requirements of builders, contractors, architect, and institutions, with both standard and customized options and requirements and our Company also provide material supply and procurement support.
Lot1,200Min Invest₹2,30,400Face Value₹10Issue Size₹51 CrFresh Issue₹51 CrListing Price₹126CMP₹254
Timeline
11 Dec
Bidding opens
15 Dec
Bidding closes
16 Dec
Allotment
17 Dec
Refund & demat credit
18 Dec
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹51 Cr0.53 Cr shares
Fresh Issue₹51 Cr
Face Value₹10
Lot Size1,200 shares
ReservationQIB 49.46% · NII 15.03% · RETAIL 35.51%
Application Sizes
Retail₹2,30,4001-1 lots
sNII₹2,30,400from 2 lots
bNII₹10,36,800from 9 lots
Managers & Registrar
Lead ManagerCumulative Capital Private Limited
RegistrarPurva Sharegistry (I) Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group100%72.49%Public0%27.51%
Objects of the Issue
- Funding capital expenditure to set up assembly & glass glazing line at Rajoda
- Funding of working capital requirements of the Company
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY25 | FY26 |
|---|---|---|
| RevenueCr | 42 | 68 |
| Operating ProfitCr | 11 | 18 |
| OPM% | 25.4 | 26.6 |
| PBTCr | 7 | 14 |
| PATCr | 5 | 10 |
| EPS | - | 7 |
Cash Flow
| Financial Year | FY25 | FY26 |
|---|---|---|
| Operating Cash FlowCr | 4 | -11 |
| Investing Cash FlowCr | -21 | -32 |
| Financing Cash FlowCr | 17 | 43 |
| Net Cash FlowCr | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- High Quality Products.
- Our long-standing relationships with suppliers.
- Design and execution capability.
- leveraging the experience of our Promoter and team.
- Market Knowledge and Industry Expertise.
- Marquee client base and repeat orders.
Strategies · as stated in the DRHP
- Enhancing Operational Efficiency to Drive Sustainable Growth.
- Capacity Augmentation Through New Manufacturing Facility.
- Geographical Expansion and Strengthening Regional Presence.
- Commitment to Superior Product Quality.
- Strengthening Strategic Relationships with Developers and Architects.
Risks · as stated in the DRHP
- The company orders book may not be representative of its future results. Projects included in the company order book and its futures projects may be delayed, modified or cancelled for reasons beyond its control which may materially and adversely affect the company business, prospects, reputation, profitability, financial condition and results of operation.
- Its business is dependent on certain key customers and the loss of any of these customers or loss of revenue from sales to any key customers could has a material adverse effect on the company business, financial condition, results of operations and cash flows.
- The company does not have firm commitment agreements its customers. If the company customers choose not to source their requirements from it, there may be a material adverse effect on its business, financial condition, cash flows and results of operations.
- The company business and profitability are substantially dependent on the availability and the cost of its raw materials and components consumed for which the company relies on third parties. Any disruption in timely and adequate supply of the raw materials, or volatility in the prices of raw materials or failures to maintain cordial relations with the company suppliers may adversely impact its business, results of operations, financial condition and cash flows.
- The company projects is generally awarded to its upon meeting prescribed pre-qualification requirements and through a competitive bidding process. Any failures to secure new project awards may adversely affect the company business operations and financial condition.
- The company manufacturing unit and its operations are geographically concentrated in Gujarat. Consequently, its are exposed to risks from economic, regulatory and other developments which could have an adverse effect on the company business, results of operations and financial condition. Further, its continued operations are critical to the company business and any shutdown of its manufacturing unit may adversely affect the company business, results of operations and financial condition.