HRS Aluglaze IPO Soars 37.81% on Debut, Hits Upper Circuit!

• HRS Aluglaze IPO made a stellar debut on BSE SME, listing at ₹126.00 against an IPO price of ₹96.
• Investors saw a 31.25% listing gain, with the share quickly reaching the upper circuit of ₹132.30.
• The first trading day concluded with IPO investors sitting on a 37.81% profit.
• The ₹50.92 crore IPO was oversubscribed 44.83 times, indicating strong investor confidence.
• Funds raised will be used for setting up assembly lines in Rajoda, Ahmedabad, working capital, and general corporate purposes.

Why It Matters: HRS Aluglaze IPO delivered significant gains, hitting the upper circuit on its BSE SME debut.