HRS Aluglaze SME IPO Subscription
ListedUpdated 18 December 2025, 9:15 AM IST· BSE SME
HRS Aluglaze SME IPO subscription closed on 15 December 2025 at 44.90x overall by shares. QIB demand came in at 19.48x, NII at 82.49x, and retail at 49.54x. See Retail, SHNI, and BHNI allotment chances in the table…
HRS Aluglaze SME IPO subscription closed on 15 December 2025 at 44.90x overall by shares. QIB demand came in at 19.48x, NII at 82.49x, and retail at 49.54x. See Retail, SHNI, and BHNI allotment chances in the table below.
Show moreShow less
Allotment date is 16 December 2025. Listing date on NSE and BSE is 18 December 2025.
HRS Aluglaze SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 11 Dec 2025 | 1.08x | 0.17x | 0.40x | 0.60x |
| Day 2 - 12 Dec 2025 | 1.08x | 1.51x | 2.69x | 1.89x |
| Day 3 - 15 Dec 2025 | 19.48x | 82.13x | 49.54x | 44.83x |
HRS Aluglaze SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
HRS Aluglaze SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 49.54x | 1 in 50 |
| SHNI (Rs 2L to Rs 10L) | 46.36x | 1 in 46 |
| BHNI (above Rs 10L) | 31.99x | 1 in 32 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the HRS Aluglaze SME IPO Allotment Status page from 16 December 2025 for your result.
HRS Aluglaze SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 96.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 13.86 Cr | Rs 269.99 Cr | 19.48x |
| FII | - | Rs 74.86 Cr | - |
| DFI | - | Rs 6.01 Cr | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 189.12 Cr | - |
| NII | Rs 7.26 Cr | Rs 598.68 Cr | 82.49x |
| bNII (above Rs 10L) | Rs 4.84 Cr | Rs 477.56 Cr | 98.70x |
| Corporate | - | Rs 14.17 Cr | - |
| Individual | - | Rs 455.62 Cr | - |
| Other | - | Rs 7.78 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 2.42 Cr | Rs 121.12 Cr | 50.07x |
| Corporate | - | Rs 1.41 Cr | - |
| Individual | - | Rs 118.46 Cr | - |
| Other | - | Rs 1.26 Cr | - |
| IND | Rs 17.14 Cr | Rs 849.14 Cr | 49.54x |
| Fixed price | - | Rs 849.14 Cr | - |
| Total | Rs 38.26 Cr | Rs 1,717.82 Cr | 44.90x |
HRS Aluglaze SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 1,203 | 38 | 0.03x |
| FII | - | 12 | - |
| DFI | - | 1 | - |
| Mutual Funds | - | - | - |
| Other | - | 25 | - |
| NII | 210 | 7,723 | 36.78x |
| bNII (above Rs 10L) | 140 | 4,478 | 31.99x |
| Corporate | - | 106 | - |
| Individual | - | 4,297 | - |
| Other | - | 75 | - |
| sNII (Rs 2L to Rs 10L) | 70 | 3,245 | 46.36x |
| Corporate | - | 39 | - |
| Individual | - | 3,170 | - |
| Other | - | 36 | - |
| IND | 744 | 36,855 | 49.54x |
| Fixed price | - | 36,855 | - |
| Total | 2,157 | 44,616 | 20.68x |
What Do These Subscription Numbers Mean?
44.90x overall by shares means bids covered about 45 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 19.48x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (36.78x by applications). Split: SHNI 46.36x, BHNI 31.99x by applications. SHNI and BHNI allotment is by lottery.
At 49.54x subscription by applications, about 1 in 50 retail applicants may get allotment (~2% chance per application). Retail allotment is also by lottery.
HRS Aluglaze SME IPO GMP After Subscription
GMP for HRS Aluglaze SME stands at Rs 22.00 today, giving an estimated listing price of Rs 118.00 per share.
A subscription of 44.90x combined with a GMP of 22.92% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the HRS Aluglaze SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
HRS Aluglaze SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 11 December 2025 |
| IPO Close Date | 15 December 2025 |
| Allotment Date | 16 December 2025 |
| Refund Initiation | 17 December 2025 |
| Share Credit to Demat | 17 December 2025 |
| Listing Date | 18 December 2025 |
| Minimum Investment | Rs 2,30,400.00 |
| Lot Size | 1200 shares |
About HRS Aluglaze SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
HRS Aluglaze SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
HRS Aluglaze SME Details
Issue size, price, financials, and company info
HRS Aluglaze SME GMP
Live grey market premium and listing estimate
HRS Aluglaze SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
HRS Aluglaze SME Allotment
Allotment date, chances, and check by PAN
HRS Aluglaze SME Review
SWOT, strengths, risks, and IPO review
HRS Aluglaze SME FAQ
Common questions on dates, GMP, and allotment
HRS Aluglaze SME Registrar
Registrar website and how to check allotment
HRS Aluglaze SME Timeline
Open, close, allotment, and listing dates
HRS Aluglaze SME News
Updates, blogs, and latest IPO news
HRS Aluglaze SME IPO Subscription FAQs
What is HRS Aluglaze SME IPO subscription status today?
HRS Aluglaze SME IPO subscription closed on 15 December 2025 with overall subscription of 44.90x (by shares) as of 27 August 2026, 4:32 AM IST. QIB 19.48x, NII 36.78x, IND 49.54x.
What is the overall subscription of HRS Aluglaze SME IPO?
HRS Aluglaze SME IPO is subscribed 44.90x overall by shares at close on 15 December 2025. QIB 19.48x, NII 36.78x, and IND 49.54x.
What is HRS Aluglaze SME IPO QIB subscription?
HRS Aluglaze SME IPO QIB (Qualified Institutional Buyers) subscription is 19.48x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is HRS Aluglaze SME IPO IND subscription?
HRS Aluglaze SME IPO IND subscription is 49.54x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is HRS Aluglaze SME IPO NII, SHNI, and BHNI subscription?
HRS Aluglaze SME IPO NII subscription is 36.78x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 46.36x and BHNI (above Rs 10L) at 31.99x.
What are HRS Aluglaze SME IPO retail allotment chances?
At 49.54x subscription by applications, about 1 in 50 retail applicants may get allotment (~2% chance per application). Allotment is by lottery.
What are HRS Aluglaze SME IPO SHNI allotment chances?
At 46.36x subscription by applications, about 1 in 46 SHNI applicants may get allotment (~2% chance per application). Allotment is by lottery. Share subscription was 50.07x. Allotment chances use applications, not share volume.
What are HRS Aluglaze SME IPO BHNI allotment chances?
At 31.99x subscription by applications, about 1 in 32 BHNI applicants may get allotment (~3% chance per application). Allotment is by lottery. Share subscription was 98.70x. Allotment chances use applications, not share volume.
When is HRS Aluglaze SME IPO allotment date?
HRS Aluglaze SME IPO allotment date is 16 December 2025. Check HRS Aluglaze SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does HRS Aluglaze SME IPO subscription close?
HRS Aluglaze SME IPO subscription closed on 15 December 2025. No new applications are accepted after the close.
What is HRS Aluglaze SME IPO GMP today?
HRS Aluglaze SME IPO GMP is ₹22 today (+22.92% over issue price ₹96). See live GMP on the HRS Aluglaze SME IPO GMP Today page.
What is HRS Aluglaze SME IPO issue price and lot size?
HRS Aluglaze SME IPO issue price is ₹96 per share. Lot size is 1200 shares. Minimum investment is ₹2,30,400 per lot (minimum 2 lots for SME). Issue size: ₹48.28 Cr.
When is HRS Aluglaze SME IPO listing date?
HRS Aluglaze SME IPO listing date is 18 December 2025 on NSE and BSE. Allotment is on 16 December 2025.
How does subscription affect HRS Aluglaze SME IPO allotment?
In HRS Aluglaze SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 44.90x overall, competition is high.
For allotment results from 16 December 2025, visit the HRS Aluglaze SME IPO Allotment Status page. For listing day updates on 18 December 2025, download the IPOwiz App.
Sources
We match HRS Aluglaze SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.