SME

IPO ·

BSE SME

H.R.Hygiene Products Ltd

Listed

Incorporated in 2016, H.R.

Issue details

Price band

₹83 – ₹88

Face value

₹10

Lot size

1,600 shares

Minimum investment

₹2,81,600

Issue size

₹53.95 Cr

Fresh issue

₹40.44 Cr

Offer for sale

₹10.79 Cr

Issue type

Book Built

Exchange

BSE SME

Key dates

Opens

29 Jul 2026

Closes

31 Jul 2026

UPI mandate cut-off

5:00 PM on 31 Jul 2026

Allotment

3 Aug 2026

Refunds

4 Aug 2026

Shares in demat

4 Aug 2026

Listing

5 Aug 2026

Subscription and listing

Subscription

5.04x

Listing price

₹90

Registrar

Purva Sharegistry (India) Pvt Ltd

Lead manager

Marwadi Chandarana Intermediaries Brokers

Subscription by category

Total

5.04x

Total applications

5,560

Anchor investors

Amount raised

₹14.84 Cr

Bid date

28 Jul 2026

50% lock-in ends

2 Sep 2026

Rest lock-in ends

1 Nov 2026

Listing day

Issue price

₹88

Open

₹90.00

High

₹91.00

Low

₹85.50

Day close

₹87.97

Listing gain at open

+2.27%

Issue structure

Shares reserved per category and share of the total issue

QIB

29,08,800

47.44%

Anchor Investor

16,86,400

27.51%

QIB (Ex. Anchor)

12,22,400

19.94%

NII

8,73,600

14.25%

bNII > ₹10L

5,82,400

9.50%

sNII < ₹10L

2,91,200

4.75%

Retail

20,38,400

33.25%

Market Maker

3,10,400

5.06%

Total

61,31,200

100.00%

Finaccle’s quick read

Neutral

FY26 income up 15%, PAT up 26%, ROE 30.90%, D/E 0.51, post-issue P/E 17.53x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

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&rsquo;s core business focuses on sanitary napkins, which it manufactures under both its own brands and white-label arrangements for select customers.

Founded

2016

2016

Promoters

Hemal Babubhai Borsadiya, Rahul Kishorbai Sheradia, Borsadiya Binita Hemalbhai, Sheradia Parth Damjibhai

Hemal Babubhai Borsadiya, Rahul Kishorbai Sheradia, Borsadiya Binita Hemalbhai, Sheradia Parth Damjibhai

Promoter holding

68.8% pre-issue; 48.54% post-issue

68.8% pre-issue; 48.54% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

131.90

131.90

17.08

11.41

11.41

42.38

21.53

21.53

170.92

FY25

FY25

115.15

115.15

14.77

9.08

9.08

31.44

21.19

21.19

90.56

FY24

FY24

85.33

85.33

7.58

4.66

4.66

5.90

24.68

24.68

48.87

ROE

30.90%

ROCE

24.86%

Debt / equity

0.51

PAT margin

8.73%

P/E post issue

17.53

Market cap

₹199.87 Cr

Use of IPO money

Setting up a new manufacturing facility at Rajkot, Gujarat (Proposed facility Unit 2)

₹31.36 Cr

Prepayment / repayment of Loan

₹3.57 Cr

General Corporate Purposes

₹3.93 Cr

Issue Expenses

₹5.40 Cr

Strengths

✓

PAT up 26% in FY26 to ₹11.41 Cr

✓

ROE of 30.90% and ROCE of 24.86%

✓

Moderate leverage: debt to equity 0.51

Risks to watch

!

SME platform: large lot size and thinner trading liquidity

!

Modest PAT margin of 8.73%

Planning to take your own company public?

Every listing on this page started with a growing business that got its numbers, governance and paperwork ready for investors. If you are a promoter weighing an SME or main board IPO, we can tell you where you stand and what it will take.

Talk to our IPO Advisory team for readiness planning, or our IPO Consultancy team to run the listing end to end.

Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.