H.R. Hygiene Products IPO Day 1: NII Investors Lead as Issue gets Subscribed 0.15 Times on Opening Day

Mumbai, July 29: The H.R. Hygiene Products IPO opened for subscription on Wednesday and witnessed a cautious start from investors. As of 10:38 AM on July 29, the ₹53.95 crore public issue was subscribed 0.15 times, with non-institutional investors (NIIs) accounting for most of the early bids, while qualified institutional buyers (QIBs) were yet to participate.

The book-built SME IPO will remain open for subscription until July 31, giving investors three days to place their bids.

H.R. Hygiene Products IPO Day 1 Subscription Status

According to the latest exchange data, the subscription across investor categories stood as follows:

The IPO had received 120 applications at the time of the latest update.

Early Demand Led By NII Investors

The non-institutional investor category recorded the strongest response on the opening day with a subscription of 0.35 times. Retail investors subscribed their reserved portion 0.15 times, while institutional investors are yet to submit bids beyond the anchor allocation.

Subscription levels are expected to change significantly over the remaining two days as more retail, HNI and institutional investors participate.

IPO Details

H.R. Hygiene Products is looking to raise ₹53.95 crore through a public issue comprising a fresh issue of 49.95 lakh shares worth ₹43.17 crore and an offer for sale of 12.25 lakh shares aggregating ₹10.79 crore.

The IPO is priced in the range of ₹83 to ₹88 per share. Investors can apply for a minimum of 3,200 shares, requiring an investment of ₹2,81,600 at the upper price band. The minimum application size for sHNIs is 4,800 shares, amounting to ₹4,22,400.

The net issue allocation comprises 49.97% for QIBs, 35.02% for retail investors, and 15.01% for NIIs. Ahead of the IPO, the company raised ₹14.84 crore from anchor investors.

Important Dates

• IPO closes: July 31, 2026

• Expected allotment: August 3, 2026

• Expected refunds: August 4, 2026

• Expected share credit: August 4, 2026

• Expected listing: August 5, 2026 on the BSE SME platform

About H.R. Hygiene Products

H.R. Hygiene Products Limited manufactures and markets hygiene products, including sanitary napkins, through multiple in-house brands. The company also undertakes white-label manufacturing and serves both consumer and institutional markets across India.

Conclusion

The H.R. Hygiene Products IPO has made a modest start, with the issue subscribed 0.15 times on Day 1. While NII investors have shown relatively better participation, the next two bidding sessions will be crucial in determining whether retail and institutional demand gathers momentum before the issue closes on July 31.

Source:

https://www.chittorgarh.net/reports/anchor-investor/hr-hygiene-ipo.pdf