HRS Aluglaze SME IPO Subscription Status
HRS Aluglaze SME IPO closed on 15 December 2025 with an overall subscription of 44.90x based on shares applied. QIB demand came in at 19.48x, NII at 82.49x, and retail at 49.54x.
Allotment will be finalised on 16 December 2025. The stock is scheduled to list on NSE and BSE on 18 December 2025.
Issue Price
Rs 96.00
GMP Today
Rs 22.00 (+22.92%)
Overall Subscription
44.90x
Issue Size
₹48.28 Cr
Allotment Date
16 Dec 2025
Listing Date
18 Dec 2025
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?
A subscription of 44.90x by shares means the IPO received bids for 45 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 19.48x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 19.48x, it reflects serious institutional conviction.
NII at 36.78x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 31.99x and sNII at 46.36x by applications. Share subscription was 82.49x. Allotment uses application count, not share volume.
At 49.54x subscription by applications, approximately 1 in 50 retail applicants can expect an allotment (~2% per application). Retail allotment is done by lottery when oversubscribed.
HRS Aluglaze SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 49.54x.
- •Allotment odds: about 1 in 50 (~2% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 46.36x.
- •Allotment odds: about 1 in 46 for a minimum-lot application (~2% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 50.07x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 31.99x.
- •Allotment odds: about 1 in 32 for a minimum-lot application (~3% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 98.70x. Allotment uses application count, not share volume.
Check the HRS Aluglaze SME IPO Allotment Status page from 16 December 2025 for your allotment result.
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 Day-wise Subscription
| 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 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
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
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 June 2026, 2:47 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. Minimum retail bid is up to Rs 2 lakh per PAN.
What is HRS Aluglaze SME IPO NII subscription?
HRS Aluglaze SME IPO NII (Non-Institutional Investors) subscription is 36.78x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in HRS Aluglaze SME IPO for retail?
At 49.54x subscription by applications, approximately 1 in 50 retail applicants can expect an allotment (~2% per application). Allotment is done by lottery.
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?
Allotment odds in HRS Aluglaze SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 36.78x by applications means roughly 1 in 37 for minimum-lot bids; bNII at 31.99x (~1 in 32). 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.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.