H.R.Hygiene Products IPO: Price Band, Lot Size, Financials & Review
H.R.Hygiene Products IPO listed on BSE on Wed, 5 Aug 2026. The issue was subscribed 6.73x overall.
- Open Date
- 29 Jul 2026
- Close Date
- 31 Jul 2026
Last updated
- Price band
- ₹83 – ₹88
- Lot size
- 1,600 shares
- Min. investment
- ₹2,81,600
- Issue size
- ₹53.95 Cr
- Last GMP
- +₹1
- Subscribed
- 🔥 6.73x
H.R.Hygiene Products IPO details
H.R.Hygiene Products IPO is a ₹53.95 Cr book-building IPO on the SME segment, listing on BSE. It combines a fresh issue of ₹43.17 Cr (80.02%) with an offer for sale of ₹10.79 Cr (19.98%) by existing shareholders. Only the fresh issue money goes to the company.
The issue was open from Wed, 29 Jul 2026 to Fri, 31 Jul 2026. Allotment was finalised on Mon, 3 Aug 2026, and the shares listed on BSE on Wed, 5 Aug 2026.
The price band is ₹83 to ₹88 per share and the lot size is 1600 shares, so the minimum retail application is ₹2,81,600. Retail investors can apply for up to 2 lots (3,200 shares, ₹2,81,600).
Purva Sharegistry India Pvt Ltd is the registrar, and Marwadi Chandarana Intermediaries Brokers Pvt. Ltd is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last H.R.Hygiene Products IPO GMP before listing was +₹1 (+1.14% against the upper price band of ₹88), implying an estimated listing price of ₹89. Across 10 days of tracking, GMP ranged from +₹1 (04 Aug) to +₹2 (25 Jul).
| Last GMP | +₹1 |
|---|---|
| GMP vs upper band | +1.14% |
| Estimated listing price | ₹89 |
| Highest (25 Jul) | +₹2 |
| Lowest (04 Aug) | +₹1 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the H.R.Hygiene Products IPO day-wise GMP.
Subscription
Day-wise subscription →H.R.Hygiene Products IPO was subscribed 6.73x overall: QIB 2.81x, NII 12.19x and retail 6.74x.
| Category | Subscribed |
|---|---|
| QIB | 2.81x |
| NII | 12.19x |
| └ bNII (above ₹10 lakh) | 12.93x |
| └ sNII (₹2–10 lakh) | 10.71x |
| Retail | 6.74x |
| Total | 6.73x |
Final figures at the close of bidding on 31 Jul 2026. Category-wise bids, application-wise breakup and allotment chances are on the H.R.Hygiene Products IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Qualified Institutions | 12,22,400 | 29.57% |
| Non-Institutional | 8,73,600 | 21.13% |
| └ BNII | 5,82,400 | 14.09% |
| └ SNII | 2,91,200 | 7.04% |
| Retail Investors | 20,38,400 | 49.30% |
| Total | 41,34,400 | 100.00% |
H.R.Hygiene Products IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,81,600 |
| Retail (Max) | 2 | 3,200 | ₹2,81,600 |
| S-HNI (Min) | 3 | 4,800 | ₹4,22,400 |
| S-HNI (Max) | 7 | 11,200 | ₹9,85,600 |
| B-HNI (Min) | 8 | 12,800 | ₹11,26,400 |
Amounts at the upper end of the price band.
Issue structure and valuation
It combines a fresh issue of ₹43.17 Cr (80.02%) with an offer for sale of ₹10.79 Cr (19.98%) by existing shareholders. Only the fresh issue money goes to the company.
At the upper price band of ₹88, the issue is priced at 13.73x pre-issue earnings and 17.53x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Promoter holding falls from 68.80% before the issue to 48.53% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹6.41 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 13.73x |
| EPS (post-issue) EPS on the enlarged share capital | ₹5.02 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 17.53x |
| Promoter holding (pre-issue) | 68.80% |
| Promoter holding (post-issue) | 48.53% |
H.R. Hygiene Products Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹115.15 Cr to ₹131.9 Cr, and profit after tax rose from ₹9.08 Cr to ₹11.41 Cr. The PAT margin for 31 Mar 2026 was 8.65%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 170.92 | 90.56 | 48.87 |
| Total Income | 131.90 | 115.15 | 85.33 |
| Profit After Tax | 11.41 | 9.08 | 4.66 |
| EBITDA | 17.08 | 14.77 | 7.58 |
| Net Worth | 42.38 | 31.44 | 5.90 |
| Reserve & Surplus | 24.58 | 24.31 | 4.15 |
| Total Borrowings | 21.53 | 21.19 | 24.68 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 30.90 | 47.78 | 134.27 |
| ROCE % | 24.86 | 32.30 | 41.17 |
| Debt / Equity | 0.51 | 0.67 | 3.95 |
| RoNW % | 26.91 | 28.58 | 80.35 |
| Pat Margin % | 8.73 | 7.87 | 5.93 |
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Setting up a new manufacturing facility at Rajkot, Gujarat (“Proposed facility Unit 2”) |
| 2 | Prepayment / repayment of Loan |
| 3 | General Corporate Purposes |
About H.R. Hygiene Products Limited
H.R. Hygiene Products Limited was incorporated in 2016 and is engaged in the manufacturing and marketing of hygiene and personal care products. The company primarily manufactures sanitary napkins under its own brands as well as through white-label manufacturing for select customers. Over the years, it has expanded its portfolio to include female care, adult care, and baby care products, catering to a broad spectrum of consumer needs.
Product Portfolio
As of March 31, 2026, H.R. Hygiene Products offered products across female hygiene, adult care, and baby care segments, serving individual consumers, healthcare institutions, and commercial clients through both B2B and B2C channels. Its products are priced between ₹10 and ₹1,000 per pack, making them accessible across multiple consumer segments.
The company's portfolio includes the following in-house brands:
- Femiss – Affordable sanitary napkins designed for everyday feminine hygiene.
- Womanica – Premium sanitary napkins featuring enhanced absorbency and superior comfort.
- ElderFit – Adult care products, including absorbent adult diapers for elderly and incontinence care.
- Bloom Baby – Baby diapers developed to provide comfort, skin protection, and reliable absorbency.
Distribution Network
H.R. Hygiene Products has established a pan-India distribution network supported by both offline and online sales channels. Its offline presence is driven by an extensive network of Consignment Sale Agents (CSAs) and distributors, while its online products are available on leading e-commerce platforms such as Meesho, Amazon, GlowRoad, Flipkart, Snapdeal, and JioMart.
As of March 31, 2026, the company operated through:
- 25 Consignment Sale Agents (CSAs)
- 202 distributors
- A dedicated sales and marketing team of over 99 personnel
The company served a diversified customer base of more than 227 customers across 28 states and 8 union territories, reducing its dependence on any single customer or region.
Manufacturing Facility
The company's manufacturing facility is located in Rajkot, Gujarat, where it produces its hygiene products with the capacity to efficiently serve customers across India.
Employee Strength
As of May 31, 2026, H.R. Hygiene Products Limited employed 144 people, supporting its manufacturing, sales, marketing, and operational activities nationwide.
Promoters
- Hemal Babubhai Borsadiya
- Rahul Kishorbai Sheradia
- Borsadiya Binita Hemalbhai
- Sheradia Parth Damjibhai
Contact details
H.R.Hygiene Products Ltd.
Survey No.125/P2/P2
Plot no. 1 to 3
Village: Lothada
Rajkot, Gujarat, 360002
Tel. No: +91 6354554191
Email Id: compliance@hrhygiene.com
Website: https://www.hrhygiene.com/
H.R.Hygiene Products IPO FAQs
- What is the H.R.Hygiene Products IPO price band?
- The H.R.Hygiene Products IPO price band is ₹83 to ₹88 per share.
- What is the H.R.Hygiene Products IPO lot size and minimum investment?
- The H.R.Hygiene Products IPO lot size is 1600 shares. The minimum retail investment is ₹2,81,600 for one lot at the upper price band. Retail investors can apply for up to 2 lots (3,200 shares), costing ₹2,81,600.
- When was H.R.Hygiene Products IPO open for subscription?
- H.R.Hygiene Products IPO was open for subscription from Wed, 29 Jul 2026 to Fri, 31 Jul 2026.
- What is the H.R.Hygiene Products IPO subscription status?
- H.R.Hygiene Products IPO was subscribed 6.73x overall: QIB 2.81x, NII 12.19x and retail 6.74x. Day-wise and category-wise figures are on the subscription page.
- What was the H.R.Hygiene Products IPO GMP before listing?
- The last H.R.Hygiene Products IPO GMP before listing was +₹1 (+1.14% against the upper price band of ₹88), implying an estimated listing price of ₹89. Across 10 days of tracking, GMP ranged from +₹1 (04 Aug) to +₹2 (25 Jul). GMP is an unofficial grey market indicator and can change quickly.
- What is the H.R.Hygiene Products IPO allotment date?
- The H.R.Hygiene Products IPO basis of allotment was finalised on Mon, 3 Aug 2026. You can check your allotment status on the Purva Sharegistry India Pvt Ltd website.
- What is the H.R.Hygiene Products IPO listing date?
- H.R.Hygiene Products IPO listed on BSE on Wed, 5 Aug 2026.
- Is the H.R.Hygiene Products IPO a fresh issue or an offer for sale?
- It combines a fresh issue of ₹43.17 Cr (80.02%) with an offer for sale of ₹10.79 Cr (19.98%) by existing shareholders. Only the fresh issue money goes to the company.
- Who are the registrar and lead managers of the H.R.Hygiene Products IPO?
- The registrar for the H.R.Hygiene Products IPO is Purva Sharegistry India Pvt Ltd, and the book running lead manager is Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.