H.R.Hygiene Products IPO - Company Analysis
H.R.Hygiene Products IPO under the SME IPO category is a book-build issue of Rs. 53.95 Cr by H.R.Hygiene Products Limited, which is involved in the production and promotion of sanitary napkins and other hygiene products.
Operating under several in-house brands, including Femiss, Womanica, ElderFit, and Bloom Baby, the company caters to the personal care and hygiene needs of a wide range of customer categories, including young women, babies, and the elderly.
Sanitary napkins are the company's main product, which it produces under both its own brands and white-label agreements for specific clients. To meet the varied needs of its customers, it has gradually broadened its product range to include adult, baby, and women's care items.
Product Portfolio: As of March 31, 2026, the business offered two goods across two categories to meet institutional, healthcare, and personal hygiene needs through B2B and B2C channels.
H.R.Hygiene Products IPO Details
The H.R.Hygiene Products IPO date of opening is 29 Jul 2026; its initial public offering will end on 31 Jul, IPO allotment on Aug 03 and refund initiation on Aug 04, 2026.
The Rs. 53.95 crore new SME IPO comprises a combination of a fresh issue of 0.49 crore shares (Rs. 43.17 Cr) and an offer for sale of 0.12 crore shares (Rs. 10.79 Cr).
The H.R.Hygiene Products IPO listing date (expected) might be Wednesday, Aug 05, 2026, and listing on the BSE and SME.
The H.R.Hygiene Products IPO price band is Rs. 83 to Rs. 88.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jul 29, 2026 |
|
IPO Closing Date |
Jul 31, 2026 |
|
IPO Allotment Date |
Aug 03, 2026 |
|
Refund Initiation |
Aug 04, 2026 |
|
IPO Listing Date |
Aug 05, 2026 |
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Company Financials
(Amount in Cr)
|
Particulars |
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 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
(1,036.20) |
118.95 |
(144.85) |
|
Net Cash Flow Investing Activities |
(23.58) |
(573.39) |
(34.73) |
|
Net Cash Flow Financing Activities |
1,154.39 |
415.78 |
190.79 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Setting up a new manufacturing facility at Rajkot, Gujarat (Proposed facility Unit 2). ~ Rs. 31.36 Cr.
- Prepayment/repayment of Loan. ~ Rs. 3.57 Cr.
- General Corporate Purposes.
Listed Peers of H.R.Hygiene Products Ltd.
No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.
Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROE |
30.90% |
|
ROCE |
24.86% |
|
Debt/Equity |
0.51 |
|
RoNW |
26.91% |
|
PAT Margin |
8.73% |
|
EBITDA Margin |
13.07% |
|
Price to Book Value |
1.97 |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 5.31 from the last year, the resulting P/E ratio is 16.57x.
Explore the Teja Engineering Industries IPO.
IPO's 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 strong professional management.
IPO's Weaknesses
- Intense Competition
- SME Platform Constraints
- Working Capital Intensity.
H.R.Hygiene Products IPO GMP
H.R.Hygiene Products IPO GMP today is Rs. 0 as of 25 July 2026, while writing this information.
H.R.Hygiene Products IPO Summary
|
IPO Opening & Closing Date |
29 Jul, 2026 to 31 Jul, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 83 to Rs. 88 per Share. |
|
Lot Size |
1600 Shares |
|
Issue Size |
61,31,200 Shares (Rs. 54 Cr) |
|
Offer for Sale |
12,25,600 Shares Rs. 10 (Rs. 11 Cr) |
|
Fresh Issue |
45,95,200 Shares (Rs. 40 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Bookbuild Issue |
|
Registrar |
Purva Sharegistry (India) Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (3200 Shares) for Rs. 2,81,600, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (4800 Shares) for Rs. 4,22,400.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
H.R.Hygiene Products IPO Allotment Status
To check the H.R.Hygiene Products IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of H.R.Hygiene Products Ltd.
- Hemal Babubhai Borsadiya
- Rahul Kishorbai Sheradia
- Borsadiya Binita Hemalbhai
- Sheradia Parth Damjibhai
|
Pre-Issue Promoter Shareholding |
68.80% |
|
Post-Issue Promoter Shareholding |
- |
IPO Lead Managers
- Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
Investors can gain exposure to the expanding personal hygiene and sanitary goods sector in India through the H.R. Hygiene goods IPO. Although competition and working capital problems still exist, the company's long-term commercial potential is supported by strong revenue growth, increasing profitability, and expansion ambitions.
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Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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To Read the Prospectus of the company, click here to download the DRHP.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
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