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H.R. Hygiene Products IPO
Price Band
₹83.0–88.0
Issue Size
₹53.95 Cr
Lot Size
1,600 shares
Min Investment
₹281,600
2 LOTS MIN
GMP
+₹1.0 (1.14%)
Issue Price
₹88.0
Subject to Sauda
₹1200
Paid only if allotted
H.R. Hygiene Products IPO AI Summary
- H.R. Hygiene Products IPO is listed on BSE SME in the Diversified consumer products sector.
- Price band: ₹83.0–₹88.0 per share, lot size 1,600 shares (min. investment ₹281,600, 2 lots minimum).
- Subscription window: 29 Jul–31 Jul 2026, listing on 05 Aug 2026.
- Current GMP is +₹1.0 (1.14%), an estimated listing price of ₹89 — unofficial and can change daily.
H.R. Hygiene Products Limited is an emerging player in the hygiene products sector, with a diverse product range and a robust distribution network. The company has shown consistent growth in revenue and profitability, making it an interesting prospect for investors considering the IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
6.65x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
2.81x
|
2.81x |
| NII (HNI) |
11.83x
|
12x ✓ |
| ↳ bNII (>₹10L) |
12.39x
|
12x ✓ |
| ↳ sNII (<₹10L) |
10.71x
|
11x ✓ |
| Retail (RII) |
6.74x
|
6.74x |
| Total | 6.65x | 6.65x |
Auto-updated every 5 min · As of 31st Jul 2026 18:56
H.R. Hygiene Products IPO Grey Market Premium (GMP) Today
GMP
+₹1.0
GMP %
+1.14%
Est. Listing
₹89.0
Updated: 05 Aug 2026 09:30
GMP Trend (Last 11 Days)
About the Company
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. 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, 2025, the company operated with 11 Consignment Sale Agents (CSAs) and a network of 182 distributors, supported by a sales and marketing team of over 96 personnel. It had a diversified customer base of over 200 clients across 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 September 29, 2025, the company had a total of 141 employees.
Company Financials (₹ Cr)
As of 2026-03-31
| 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 |
Key Ratios
EPS
₹6.41
NAV
₹23.80
ROE
30.90%
ROCE
24.86%
RoNW
26.91%
P/B Value
3.70
P/E Ratio
13.73
Market Cap
₹199.87 Cr
PAT Margin
8.73%
Debt/Equity
0.51
Promoters
Hemal Babubhai Borsadiya, Rahul Kishorbai Sheradia, Borsadiya Binita Hemalbhai, Sheradia Parth Damjibhai
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 3.93 4 Issue Expenses 5.40 Total 44.25
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹85.33 Cr in the period ending 31 Mar 2024, rising to ₹115.15 Cr by 31 Mar 2025, and further increasing to ₹131.90 Cr by 31 Mar 2026. This shows a consistent growth trend in revenue over the periods.
Profit Trend
Profit after tax was ₹4.66 Cr in the period ending 31 Mar 2024, increasing to ₹9.08 Cr by 31 Mar 2025, and further rising to ₹11.41 Cr by 31 Mar 2026. This indicates a positive trend in profitability across the periods.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the estimated premium at which shares of a company are expected to trade on the grey market before they are officially listed. A positive GMP suggests that the market anticipates a higher listing price than the issue price, while a negative GMP indicates the opposite.
Subscription Demand
The IPO saw a total subscription of 6.65 times as of 31st July 2026. The QIB category was subscribed 2.81 times, NII (HNI) at 11.83 times, and Retail (RII) at 6.74 times, indicating strong demand across various investor categories.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company’s growth potential, market position, and overall financial health. It's important to consider these factors before making an investment decision.
Who May Want to Wait
Investors with a low-risk appetite or those averse to the inherent uncertainties of the IPO market may want to avoid investing in this IPO. It's essential to evaluate personal risk tolerance and investment goals.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscription is 29th July 2026, and it closes on 31st July 2026. Allotment of shares will be finalized by 3rd August 2026, with the listing date set for 5th August 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange at a price higher than the issue price. However, these gains are not guaranteed and can vary based on market conditions and investor sentiment on the listing day.
This evaluation is generated from H.R. Hygiene Products's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is H.R. Hygiene Products IPO GMP today?
H.R. Hygiene Products IPO GMP today is +₹1.0 (1.14%), indicating an estimated listing price of ₹89. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of H.R. Hygiene Products IPO?
The price band of H.R. Hygiene Products IPO is ₹83.0–₹88.0 per share.
When does H.R. Hygiene Products IPO open and close?
H.R. Hygiene Products IPO opens on 29 July 2026 and closes on 31 July 2026.
When does H.R. Hygiene Products IPO list on the stock exchange?
H.R. Hygiene Products IPO listed on 05 August 2026 at ₹89.0.
What is the lot size for H.R. Hygiene Products IPO?
The lot size for H.R. Hygiene Products IPO is 1600 shares, requiring a minimum investment of ₹281,600 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹83.0 to ₹88.0.
What is the minimum investment required?
The minimum investment required is ₹281,600.
What is the lot size for the IPO?
The lot size for the IPO is 1,600 shares.
When is the listing date for the IPO?
The listing date for the IPO is 5th August 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which shares are likely to trade on the grey market before the official listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
29 Jul 2026
Close
31 Jul 2026
Allotment
03 Aug 2026
Listing
05 Aug 2026
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