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H.R. Hygiene Products IPO

₹2,81,600/(2 Lots) 3,200 shares

Minimum Investment

IPO Details

Open Date

29 Jul 26

Close Date

31 Jul 26

Minimum Investment

2,81,600

Lot Size

(2 Lots) 3,200

Price Range

83 to ₹88

Listing Exchange

BSE

Issue Size

53.95 Cr

Listing Date

05 Aug 26

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H.R. Hygiene Products IPO Timeline

Bidding Start

29 Jul 26

Bidding Ends

31 Jul 26

Allotment Finalisation

03 Aug 26

Refund Initiation

04 Aug 26

Demat Transfer

04 Aug 26

Listing

05 Aug 26

About H.R. Hygiene Products Limited

H.R. Hygiene Products Limited, incorporated in 2016, is engaged in the manufacturing and marketing of hygiene and personal care products. The company primarily manufactures sanitary napkins under its in-house brands, including Femiss and Womanica, while also offering adult care products under ElderFit and baby care products under Bloom Baby. In addition to its branded portfolio, the company undertakes white-label manufacturing for select customers. It serves both B2B and B2C markets through an extensive distribution network comprising consignment sale agents, distributors and online platforms. Its manufacturing facility in Rajkot, Gujarat, supports nationwide supply, while its diversified customer base spans multiple states and union territories across India.

H.R. Hygiene Products Limited IPO Overview

H.R. Hygiene Products Limited is launching a Bookbuilding SME IPO aggregating up to ₹53.95 crore, comprising a fresh issue of 45,95,200 equity shares aggregating ₹43.17 crore and an offer for sale of 12,25,600 equity shares aggregating ₹10.79 crore. The IPO opens for subscription on 29 July 2026 and closes on 31 July 2026, while the basis of allotment is expected to be finalised on 3 August 2026. Eligible investors are likely to receive shares in their demat accounts on 4 August 2026, and the shares are scheduled to list on the BSE SME platform on 5 August 2026. The company has fixed the price band at ₹83 to ₹88 per share. Investors can bid for a minimum of 3,200 shares, while Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is the Book Running Lead Manager, Purva Sharegistry (India) Pvt. Ltd. is the registrar to the issue, and SMC Global Securities Ltd. is the market maker.

H.R. Hygiene Products Limited IPO Details

Particulars Details
IPO Date 29 July 2026 to 31 July 2026
Listing Date 5 August 2026
Face Value ₹10 per share
Issue Price Band ₹83 to ₹88 per share
Lot Size 1,600 Shares
Total Issue Size 61,31,200 shares (aggregating up to ₹53.95 Cr)
Fresh Issue 45,95,200 shares (aggregating up to ₹43.17 Cr)
Offer for Sale 12,25,600 shares (aggregating up to ₹10.79 Cr)
Issue Type Bookbuilding IPO
Listing At BSE SME
Share Holding Pre Issue 1,78,06,438 shares
Share Holding Post Issue 2,27,12,038 shares
Market Maker Portion 3,10,400 shares

H.R. Hygiene Products Limited IPO Reservation

Investor Category Shares Offered
QIB Not more than 50% of the Net Issue
Retail Not less than 35% of the Net Issue
NII (HNI) Not less than 15% of the Net Issue

H.R. Hygiene Products Limited IPO Lot Size

Application Lots Shares Amount
Retail (Min) 2 3,200 ₹2,81,600
Retail (Max) 2 3,200 ₹2,81,600
S-HNI (Min) 3 4,800 ₹4,22,400
S-HNI (Max) 7 11,200 ₹9,85,600
B-HNI (Min) 8 12,800 ₹11,26,400

H.R. Hygiene Products Limited IPO Promoter Holding

Shareholding Status Percentage
Pre-Issue 68.80%
Post-Issue To be updated after the issue

H.R. Hygiene Products Limited IPO Valuation Overview

KPI Value
Earnings Per Share (EPS) ₹5.02 (Post Issue)
Price/Earnings (P/E) Ratio 17.53x
Return on Net Worth (RoNW) 26.91%
Net Asset Value (NAV) Not Available
Return on Equity (ROE) 30.90%
Return on Capital Employed (ROCE) 24.86%
EBITDA Margin 13.07%
PAT Margin 8.73%
Debt to Equity Ratio 0.51

H.R. Hygiene Products Limited IPO Objectives of the Proceeds

  • ₹31.36 crore will be utilised for setting up a new manufacturing facility at Rajkot, Gujarat, to expand production capacity. 
  • ₹3.57 crore will be used towards the prepayment and repayment of certain outstanding borrowings, improving financial flexibility. 
  • The remaining proceeds will be utilised for general corporate purposes, supporting business growth initiatives and operational requirements. 

Key Financials (₹ Crore)

H.R. Hygiene Products Limited

Particulars 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 170.92 90.56 48.87
Revenue (Total Income) 131.90 115.15 85.33
Profit After Tax 11.41 9.08 4.66
Reserves and Surplus 24.58 24.31 4.15
Total Borrowings 21.53 21.19 24.68

IPO Strengths

  • Modern manufacturing facility
  • Distribution of personal health & hygiene products through Dual Channel Strategy
  • Brand affinity, loyalty and trust of customers in the brands
  • Founder-led company with a strong professional management

Peer Group Comparison

As per the DRHP, there are no comparable listed peers of H.R. Hygiene Products Limited. Therefore, the company has not provided any peer comparison in the offer document, and no listed peer benchmarking is available for comparison of financial or operational performance.

SWOT Analysis of H.R. Hygiene Products IPO

Strength and Opportunities

  • Modern manufacturing facility supports efficient production and quality control across hygiene product categories.
  • Strong portfolio of in-house brands catering to women, babies and elderly consumers.
  • Extensive distribution network covering multiple states and union territories across India.
  • Presence in both B2B and B2C segments diversifies revenue streams and customer reach.
  • Growing awareness of personal hygiene creates long-term demand opportunities.
  • Expansion of manufacturing capacity may support future revenue growth and operational scale.

Risks and Threats

  • Business remains exposed to fluctuations in raw material prices, which may impact profitability.
  • Operates in a highly competitive personal care and hygiene products market.
  • Dependence on effective distribution management for sustaining revenue growth.
  • Brand visibility may require continuous marketing expenditure to remain competitive.
  • Regulatory changes affecting manufacturing or product standards could increase compliance costs.
  • Entry of larger established brands may intensify pricing pressure and market competition.

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How to apply IPO with HDFC SKY?

Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.

1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App

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