Comparison between Acetech E-Commerce IPO and HRS Aluglaze IPO.
Acetech E-Commerce IPO is a SME Bookbuilding IPO proposed to list at NSE SME while HRS Aluglaze IPO is a SME Bookbuilding proposed to list at BSE SME.
| Acetech E-Commerce IPO | HRS Aluglaze IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Gretex Corporate Services Ltd. | Cumulative Capital Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Arihant Capital Markets Ltd. | Mnm Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Acetech E-Commerce IPO is up to ₹46.49 Cr whereas the issue size of the HRS Aluglaze IPO is up to ₹48.28 Cr. The final issue price of Acetech E-Commerce IPO is ₹112.00 per share and of HRS Aluglaze IPO is ₹96.00 per share.
| Acetech E-Commerce IPO | HRS Aluglaze IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹106.00 per share | ₹94.00 per share |
| Issue Price (Upper) | ₹112.00 per share | ₹96.00 per share |
| Issue Price (Final) | ₹112.00 per share | ₹96.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 41,50,800 shares | 50,29,200 shares |
| Fresh Issue Size (Amount) | up to ₹46.49 Cr | up to ₹48.28 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 41,50,800 shares | 50,29,200 shares |
| Issue Size Total (Amount) | up to ₹46.49 Cr | up to ₹48.28 Cr |
Acetech E-Commerce IPO opens on Feb 27, 2026, while HRS Aluglaze IPO opens on Dec 11, 2025. The closing date of Acetech E-Commerce IPO and HRS Aluglaze IPO is Mar 04, 2026, and Dec 15, 2025, respectively.
| Acetech E-Commerce IPO | HRS Aluglaze IPO | |
|---|---|---|
| Anchor Bid Date | Dec 10, 2025 | |
| Issue Open | Feb 27, 2026 | Dec 11, 2025 |
| Issue Close | Mar 04, 2026 | Dec 15, 2025 |
| Basis Of Allotment (Tentative) | Mar 05, 2026 | Dec 16, 2025 |
| Initiation of Refunds (Tentative) | Mar 06, 2026 | Dec 17, 2025 |
| Credit of Share (Tentative) | Mar 06, 2026 | Dec 17, 2025 |
| Listing date (Tentative) | Mar 09, 2026 | Dec 18, 2025 |
| Anchor Lockin End date 1 | Jan 13, 2026 | |
| Anchor Lockin End date 2 | Mar 14, 2026 |
Acetech E-Commerce IPO P/E ratio is 19.56, as compared to HRS Aluglaze IPO P/E ratio of 26.07.
| Acetech E-Commerce IPO | HRS Aluglaze IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)HRS Aluglaze Ltd.'s revenue increased by 56% and profit after tax (PAT) rose by 188% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 87.81 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 64.37 | 72.49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 19.56 | 26.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹183.50 Cr. | ₹185.11 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 73.75 | 34.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 71.12 | 15.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.04 | 1.92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.73 | ₹3.68 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 73.75 | 34.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Acetech E-Commerce IPO Retail Individual Investors (RII) are offered 14,54,400 shares while in HRS Aluglaze IPO retail investors are offered 14,54,400 shares. Qualified Institutional Buyers (QIB) are offered 20,73,600 shares in Acetech E-Commerce IPO and 14,43,600 shares in HRS Aluglaze IPO.
| Acetech E-Commerce IPO | HRS Aluglaze IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 10,44,000 shares |
| Market Maker Reservation | 2,19,600 shares | 2,74,800 shares |
| QIB | 20,73,600 shares | 14,43,600 shares |
| NII | 6,22,800 shares | 7,56,000 shares |
| RII | 14,54,400 shares | 17,85,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 41,50,800 shares | 50,29,200 shares |
Acetech E-Commerce IPO subscribed 1.14x in total, whereas HRS Aluglaze IPO subscribed 44.83x.
| Acetech E-Commerce IPO | HRS Aluglaze IPO | |
|---|---|---|
| QIB (times) | 1.00x | 19.48x |
| NII (times) | 1.57x | 82.13x |
| Big NII (times) | 2.19x | 98.16x |
| Small NII (times) | 0.34x | 50.07x |
| RII (times) | 1.16x | 49.54x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.14x | 44.83x |
