HRS Aluglaze IPO Oversubscribed 44.9 Times On Final Day, Non-Institutional Investors Take The Lead
Published on: Dec. 16, 2025, 10:13 a.m. | Source: Free Press Journal
HRS Aluglaze’s Rs 50.9-crore IPO received 44.9 times subscription on the final day, with bids for over 17.86 crore shares against 39.85 lakh on offer. Non-institutional investors led with 82.49 times subscription. The company, which designs and installs aluminium products, will use funds for working capital, a new assembly line, and general corporate purposes, listing on BSE SME on December 18.
