H R Hygiene Products IPO Day 2: Subscription Reaches 1.43x as Retail, NII Demand Keeps Issue Fully Booked

Mumbai, July 30: Investor interest in the H.R. Hygiene Products IPO remained steady on the second day of bidding, with the ₹53.95 crore SME public issue receiving subscriptions of 1.43 times by 10:35 AM. While the issue has already crossed full subscription, participation has largely been driven by retail and non-institutional investors as the IPO enters its penultimate day.

The book-built issue, which opened for subscription on July 29, will remain open until July 31. With another full trading session still available, market participants will be watching whether demand gathers further momentum before the bidding window closes.

Retail Investors Keep the Issue Ahead

Retail participation continued to anchor the subscription numbers, while the HNI segment also remained comfortably subscribed. Institutional demand, excluding anchor investors, was yet to reach full subscription during the morning session.

As of 10:35 AM on July 30, the subscription stood at:

The IPO had received 1,169 applications by the latest update.

One More Day of Bidding Remains

Although the issue has already been fully subscribed, bidding activity typically accelerates during the final day as investors wait until the last few hours to submit applications. The final subscription figures will therefore provide a clearer picture of overall investor appetite.

About the IPO

H.R. Hygiene Products is looking to raise ₹53.95 crore through a combination of a fresh issue of 49.05 lakh equity shares aggregating ₹43.17 crore and an offer for sale of 12.26 lakh shares aggregating ₹10.79 crore.

The IPO is priced in the range of ₹83 to ₹88 per share. Investors can bid for a minimum of 3,200 shares, requiring an investment of ₹2,81,600 at the upper price band.

Ahead of the public issue, the company raised ₹14.84 crore from anchor investors.

Important Dates

• IPO closes: July 31, 2026
• Expected allotment: August 3, 2026
• Refund initiation: August 4, 2026
• Credit of shares: August 4, 2026
• Expected listing: August 5, 2026 on the BSE SME

About H.R. Hygiene Products

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

Conclusion

H.R. Hygiene Products IPO has crossed full subscription on the second day of bidding, supported by healthy retail and NII participation. With subscriptions remaining open until July 31, investors will now watch whether demand strengthens further during the final day before the focus shifts to allotment and listing.

Source:

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