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IPOs, NCDs, OFS, Rights Issues, Buyback and Stock Brokers

IPO Details

  • IPO Date
    [.]
  • Listing Date
    [.]
  • Face Value
    ₹10 per share
  • Price Band
  • Lot Size
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    1,41,00,000 shares (agg. up to ₹[.] Cr)
  • Fresh Issue
    50,00,000 shares (agg. up to ₹[.] Cr)
  • Offer for Sale
    91,00,000 shares of ₹10 (agg. up to ₹[.] Cr)

IPO DRHP Status

Description Date
Filed with SEBI/Exchange Sat, Jan 3, 2026
SEBI/Exchange approval received Mon, Apr 27, 2026

Issue Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII Shares Offered Not less than 15% of the Offer

About Hindustan Laboratories Ltd.

Incorporated in 2017, Hindustan Laboratories Limited is an Indian pharmaceutical company primarily engaged in the large-scale manufacturing and supply of generic medicines to government institutions under a business-to-government (B2G) framework.

The company’s roducts are supplied mainly through procurement contracts for central government healthcare projects under the Ministry of Health and Family Welfare via Government of India agencies, as well as through state government agencies and bodies.

Hindustan Laboratories Limited supplied products across India to 27 states and Union Territories during the six months ended September 30, 2025, and to 27 states and Union Territories during Fiscal 2025. The company served 343 customers during the six months ended September 30, 2025, and 445, 474, and 439 customers in Fiscal 2025, Fiscal 2024, and Fiscal 2023, respectively.

The product portfolio covers a wide range of therapeutic segments addressing both acute and chronic healthcare requirements. These include anti-allergic, anti-diabetic, anti-infective, anti-malarial, antiparasitic, blood-related, cardiac, gastrointestinal, keratolytic, pain and analgesic, respiratory therapies, nutritional and mineral supplements, and vitamin supplements.

The company has formulation capabilities across multiple dosage forms, including tablets, capsules, powders, oral liquids, topical solutions, creams, ointments, combination blister packs, and topical powders. The product portfolio increased from 661 products as of March 31, 2023 to 871 products as of March 31, 2025, and further expanded to 948 products as of September 30, 2025.

The manufacturing facility (Unit 1) is located at Palghar, Maharashtra, approximately 100 km from Mumbai along National Highway 8, with connectivity by road, rail, and air. The facility is certified under ISO 9001:2015 for quality management systems.

An additional manufacturing unit (Unit 2) is located at the Palghar facility and is intended to support capacity expansion. Unit 2 is currently under commissioning, and commercial production has not yet commenced.

As of September 30, 2025, the workforce consisted of 284 employees and 332 contract laborers.

Company Financials (Restated Consolidated)

Period Ended 30 Sep 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 242.95 225.49 176.35 145.40
Total Income 115.78 227.37 194.33 179.48
Profit After Tax 18.24 41.27 34.14 22.25
EBITDA 25.46 53.88 44.09 30.69
NET Worth 197.01 178.74 137.34 103.15
Total Borrowing 3.85 6.79 5.11 1.50
Amount in ₹ Crore

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.)
  • 2 Funding of working capital requirements of the Company; and
    72.50
  • 2 General corporate purposes

Key Performance Indicator (KPI)

KPI Sep 30, 2025 Mar 31, 2025
ROCE 12.86% 33.13%
RoNW 9.71% 26.11%
PAT Margin 16.19% 18.78%
EBITDA Margin 22.60% 24.52%
Pre IPO Post IPO
EPS (₹) 8.28
Promoter Holding 99.99%
Rajesh Vasantray Doshi, Kunjal C Dedhia and Krishiv Rajesh Doshi are the company promoters.

IPO Registrar

MUFG Intime India Pvt.Ltd.

  • +91-22-4918 6270
  • hindustanlaboratories.ipo@in.mpms.mufg.com
  • Visit Website

IPO Lead Manager(s)

  1. Choice Capital Advisors Pvt.Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Hindustan Laboratories Ltd. Address
302, A Wing,
Victory Park, Chandavarkar Road,
Borivali West,
Mumbai, Maharashtra, 400092

IPO FAQs

Hindustan Laboratories IPO is a main-board IPO of 1,41,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The Hindustan Laboratories IPO open and close dates are not available as of now.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Hindustan Laboratories IPO using UPI as a payment gateway. Zerodha customers can apply in Hindustan Laboratories IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Hindustan Laboratories IPO through Zerodha

Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Hindustan Laboratories 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 Zerodha IPO Application Process Review for more detail.

The Hindustan Laboratories IPO dates are not announced. Please check back again after some time.

Hindustan Laboratories IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Hindustan Laboratories 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.

The finalization of Basis of Allotment for Hindustan Laboratories IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Hindustan Laboratories IPO allotment status.

The Hindustan Laboratories IPO listing date is not yet announced. The tentative date of listing is .

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