HRS Aluglaze SME IPO Subscribed 44.90 Times on Final Day

• HRS Aluglaze SME IPO was subscribed 44.90 times on its final day.
• The Rs 50.9 crore initial share sale received bids for over 17.86 crore equity shares.
• Non-institutional buyers subscribed 82.49 times, individual investors 49.54 times, and QIBs 19.48 times.
• The IPO's price band was fixed at Rs 94-96 per share, with listing expected on the BSE SME platform on December 18.
• Proceeds will fund working capital and establish a new assembly & glass glazing line in Rajoda, Ahmedabad.

Why It Matters: Strong investor demand for HRS Aluglaze IPO suggests potential for growth and returns.