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H.R. Hygiene Products
Price Band
₹83.0–88.0
Issue Size
₹53.95 Cr
Lot Size
1,600 shares
Min Investment
₹281,600
GMP
info
+₹2.0 (2.27%)
Issue Price
₹88.0
Subject to Sauda
info
₹2400
Paid only if allotted
calendar_month Important Dates
bar_chart Subscription Status
IPO not open yet
Opens 29 Jul 2026 · in 2 days
trending_up Grey Market Premium (GMP)
GMP
+₹2.0
GMP %
+2.27%
Est. Listing
₹90.0
schedule Updated: 27 Jul 2026 01:15
GMP Trend (Last 2 Days)
grid_view Day-wise GMP Trend 2 Days
* Estimated Profit/Loss per lot. GMP × Market Lot.
Share GMP:
speed IPO Listing Probability Meter
Composite Score
42/100
GMP is 2.3% above issue price
Subscription not open yet
No anchor allocation for this IPO
Similar IPOs (same IPO type) averaged 32.0% listing gain
Based on historical patterns in GMP, subscription and anchor data — not a guarantee of listing performance. IPOs carry risk of loss; this is not investment advice.
business 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.
payments 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
1.97
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 Total 34.93
info Issue Details
pie_chart Investor Allocation
Registrar
Lead Managers / Book Running
timeline IPO Timeline
Open
29 Jul 2026
Close
31 Jul 2026
Allotment
03 Aug 2026
Listing
05 Aug 2026