HRS Aluglaze IPO listing: Shares of HRS Aluglaze made a strong debut on the BSE SME on Thursday, December 18, defying weak market sentiment. The SME stock was listed at ₹126, up 31.25% over the issue price of ₹96. Soon after the strong debut, the stock extended gains to hit its 5% upper circuit (38% with respect to the issue price) of ₹132.30. HRS Aluglaze IPO listing exceeded grey market expectations as the last grey market premium (GMP) of the SME stock was ₹22, indicating a 23% listing pop.
HRS Aluglaze designs, manufactures, and installs a wide range of aluminium products, including windows, doors, curtain walls, cladding, and glazing systems.
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