H.R.Hygiene Products IPO Details

Bookbuilding IPO | ₹54 Cr | Listing at BSE SME | Wed, Jul 29, 2026 - Fri, Jul 31, 2026

IPO Details

GMP ↗

Subscription

Reviews ↗
Docs ▼
DRHP ↗

H.R. Hygiene Products IPO is a book build issue of ₹53.95 crores. The issue is a combination of fresh issue of 0.49 crore shares aggregating to ₹43.17 crores and offer for sale of 0.12 crore shares aggregating to ₹10.79 crores.

H.R. Hygiene Products IPO opens for subscription on Jul 29, 2026 and closes on Jul 31, 2026. The allotment for the H.R. Hygiene Products IPO is expected to be finalized on Aug 3, 2026. H.R. Hygiene Products IPO will list on the BSE SME with a tentative listing date fixed as Aug 5, 2026.

H.R. Hygiene Products IPO is set issue price band at ₹83 to ₹88 per share. The lot size for an application is 1,600 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,81,600 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹4,22,400.

Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is SMC Global Securities Ltd.

Refer to H.R. Hygiene Products IPO DRHP for detailed Information.

IPO Open

Wed, Jul 29, 2026

IPO Close

Fri, Jul 31, 2026

Price Band

₹83 to ₹88

Market Cap (Pre-IPO)

₹199.87 Cr

IPO Details

IPO Date

29 to 31 Jul, 2026
Listing Date

Wed, Aug 5, 2026
Face Value

₹10 per share
Price Band

₹83 to ₹88
Lot Size

1,600 Shares
Sale Type

Fresh capital cum OFS
Issue Type

Bookbuilding IPO
Listing At

BSE SME

Total Issue Size

61,31,200 shares (agg. up to ₹54 Cr)
Reserved for Market Maker

3,10,400 shares (agg. up to ₹3 Cr) SMC Global Securities Ltd.
Fresh Issue (Ex Market Maker)

45,95,200 shares (agg. up to ₹40 Cr)
Offer for Sale

12,25,600 shares of ₹10 (agg. up to ₹11 Cr)
Net Offered to Public

58,20,800 shares (agg. up to ₹51 Cr)
Share Holding Pre Issue

1,78,06,438 shares
Share Holding Post Issue

2,27,12,038 shares

IPO Timetable (Tentative)

IPO Open

Wed, Jul 29, 2026
Allotment

Mon, Aug 3, 2026
Credit of Shares

Tue, Aug 4, 2026

IPO Close

Fri, Jul 31, 2026
Refund

Tue, Aug 4, 2026
Listing

Wed, Aug 5, 2026

Issue Reservation

H.R. Hygiene Products IPO comprises a total issue size of 61,31,200 shares. The net offer to the public is 58,20,800 shares, after excluding 3,10,400 shares allotted on a firm basis. Of the Net offer 29,08,800 (49.97%) are allocated to QIB, 8,73,600 (15.01%) allocated to NII 20,38,400 (35.02%) allocated to RII.

Investor Category	Shares Offered	% of Net Issue	% of Total Issue
QIB Shares Offered	29,08,800	49.97%	47.44%
− Anchor Investor Shares Offered	16,86,400		27.51%
− QIB (Ex. Anchor) Shares Offered	12,22,400		19.94%
NII (HNI) Shares Offered	8,73,600	15.01%	14.25%
− bNII > ₹10L	5,82,400		9.50%
− sNII < ₹10L	2,91,200		4.75%
Retail Shares Offered	20,38,400	35.02%	33.25%
Firm Reservations
Market Maker Shares Offered	3,10,400		5.06%
Total Shares Offered	61,31,200	100.00%	100.00%

IPO Lot Size

Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.

Application	Lots	Shares	Amount
Individual investors (IND) (Min)	2	3,200	₹2,81,600
Individual investors (IND) (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

IPO Subscription Details

About H.R.Hygiene Products Ltd.

Incorporated in 2016, H.R. Hygiene Products Limited is engaged in the manufacturing and marketing of hygiene products (sanitary napkins). The company operates under multiple in-house brands Femiss, Womanica, ElderFit, and Bloom Baby designed to address hygiene and personal care needs across various consumer segments, from babies and young women to the elderly. The company’s core business focuses on sanitary napkins, which it manufactures under both its own brands and white-label arrangements for select customers. Over time, it has expanded its product portfolio to include female care, adult care, and baby care products, catering to diverse consumer requirements.

Product Portfolio: As of March 31, 2026, the company offered 2 products across 2 segments, serving personal, healthcare, and institutional hygiene needs through B2B and B2C channels, with products priced between ₹10 and ₹1,000 per pack.

Femiss targets the affordable hygiene segment with reliable sanitary napkins, Womanica offers premium high-absorbency products, ElderFit provides adult care solutions such as absorbent adult diapers, and Bloom Baby focuses on baby diapers designed for comfort and skin safety.

H.R. Hygiene Products distributes its products pan-India through a dual-channel strategy an extensive offline retail network supported by consignment sale agents and distributors, and online sales through major e-commerce platforms including Meesho, Amazon, Glowroad, Flipkart, Snapdeal, and JioMart.

As of March 31, 2026, the company operated with 25 Consignment Sale Agents (CSAs) and a network of 202 distributors, supported by a sales and marketing team of over 99 personnel. It had a diversified customer base of over 227 customers in 28 states and 8 union territories, reducing dependency on any single customer.

The company’s manufacturing facility is located in Rajkot, enabling efficient production and nationwide supply.

As of May 31, 2026, the company had a total of 144 employees.

Competitive Strengths:

Modern manufacturing facility
Distribution of personal health & hygiene products through Dual Channel Strategy
Brand affinity, loyalty and trust of customers in the brands
Founder-led company with a strong professional management

Company Financials (Restated)

H.R.Hygiene Products Ltd.’s revenue increased by 15% and profit after tax (PAT) rose by 26% between the financial year ending with March 31, 2026 and March 31, 2025. (Amount in ₹ Crore)

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
Reserves and Surplus	24.58	24.31	4.15
Total Borrowing	21.53	21.19	24.68

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Setting up a new manufacturing facility at Rajkot, Gujarat (Proposed facility Unit 2)

31.36
2 Prepayment / repayment of Loan

3.57
3 General Corporate Purposes
Total

34.93

Key Performance Indicator (KPI)

KPI	Mar 31, 2026
ROE	30.90%
ROCE	24.86%
Debt/Equity	0.51
RoNW	26.91%
PAT Margin	8.73%
EBITDA Margin	13.07%
Price to Book Value	1.97

Pre IPO	Post IPO
EPS (₹)	6.41	5.02
P/E (x)	13.73	17.53
Promoter Holding	68.80%
Market Cap	₹199.87 Cr.

Hemal Babubhai Borsadiya, Rahul Kishorbai Sheradia, Borsadiya Binita Hemalbhai, Sheradia Parth Damjibhai

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

IPO Registrar

Purva Sharegistry (India) Pvt.Ltd.

022-41343255
newissue@purvashare.com
Visit Website

IPO Lead Manager(s)

Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. (Past IPO Performance)

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

H.R.Hygiene Products Ltd. Address

Survey No.125/P2/P2

Plot no. 1 to 3

Village: Lothada

Rajkot, Gujarat, 360002

+91 6354554191
compliance@hrhygiene.com
Visit Website

IPO FAQs

What is the H.R. Hygiene Products IPO?

H.R. Hygiene Products IPO is a SME IPO of 61,31,200 equity shares of the face value of ₹10 aggregating up to ₹54 Crores. The issue is priced at ₹83 to ₹88. The minimum order quantity is 1600.

The IPO opens on Wed, Jul 29, 2026, and closes on Fri, Jul 31, 2026.

Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

How to apply in H.R. Hygiene Products IPO through Angel One?

Angel One customers can apply online in H.R. Hygiene Products IPO using UPI as a payment gateway. Angel One customers can apply in H.R. Hygiene Products IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in H.R. Hygiene Products IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘H.R. Hygiene Products IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When H.R. Hygiene Products IPO will open?

The H.R. Hygiene Products IPO opens on Wed, Jul 29, 2026 and closes on Fri, Jul 31, 2026.

What is the lot size of H.R. Hygiene Products IPO?

H.R. Hygiene Products IPO lot size is 1600, and the minimum amount required for application is ₹2,81,600, with 2 lots being the minimum application size.

How to apply for H.R. Hygiene Products IPO?

You can apply in H.R. Hygiene Products IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is H.R. Hygiene Products IPO allotment?

The finalization of Basis of Allotment for H.R. Hygiene Products IPO will be done on Monday, August 3, 2026, and the allotted shares will be credited to your demat account by Tue, Aug 4, 2026. Check the H.R. Hygiene Products IPO allotment status.

When is H.R. Hygiene Products IPO listing date ?

The H.R. Hygiene Products IPO listing date is not yet announced. The tentative date of listing is Wed, Aug 5, 2026.