H.R. Hygiene Products IPO is a Book Built SME public issue by H.R. Hygiene Products Limited, a company engaged in manufacturing disposable hygiene and personal care products for domestic and institutional markets. The company has developed its business around supplying everyday hygiene essentials through an expanding product portfolio and distribution network. The public issue combines a fresh issue of equity shares with an Offer for Sale and the equity shares are proposed to be listed on the BSE SME platform.
H.R. Hygiene Products Limited manufactures a variety of disposable hygiene products that cater to different consumer and institutional requirements. Its portfolio includes products used for baby care, feminine hygiene, adult care, healthcare, and general personal hygiene. The company supplies its products through distributors, wholesalers, retailers, and institutional customers while focusing on maintaining consistent product quality and manufacturing standards.
The company operates manufacturing facilities supported by quality control processes and production systems designed to meet changing customer requirements. It continues to strengthen its market presence by expanding its product range, improving operational efficiency, and increasing its distribution reach across different regions. Product innovation, customer relationships, and manufacturing capabilities remain important components of its business strategy.
The hygiene products industry continues to benefit from increasing awareness of personal health, improved sanitation practices, rising disposable incomes, and expanding healthcare infrastructure. Demand for disposable hygiene products has also been supported by growth in organised retail, hospitals, diagnostic centres, pharmacies, and e-commerce platforms. These industry trends are expected to provide long-term opportunities for companies operating in the hygiene and personal care segment.
Before making an investment decision, investors should evaluate the company’s financial performance, manufacturing capacity, product portfolio, customer base, competitive position, valuation, and long-term business strategy along with the risks associated with the hygiene products industry.
H.R. Hygiene Products IPO Details
| IPO Details | Information |
|---|---|
| IPO Name | H.R. Hygiene Products IPO |
| Company Name | H.R. Hygiene Products Limited |
| IPO Type | Book Built Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹88 Per Share |
| Price Band | ₹83 to ₹88 Per Share |
| Issue Size | ₹53.95 Crore |
| Fresh Issue | 45,95,600 Equity Shares |
| Offer for Sale | 12,25,600 Equity Shares |
| Lot Size | 1,600 Shares |
| IPO Open Date | 29 July 2026 |
| IPO Close Date | 31 July 2026 |
| Basis of Allotment | 3 August 2026 (Expected) |
| Refund Initiation | 4 August 2026 (Expected) |
| Shares Credited to Demat Account | 4 August 2026 (Expected) |
| Listing Date | 5 August 2026 (Expected) |
| Listing Exchange | BSE SME |
| Registrar | Purva Sharegistry (India) Private Limited |
| Book Running Lead Managers | Marwadi Chandarana Intermediaries Brokers Private Limited |
The public issue consists of a fresh issue of equity shares along with an Offer for Sale by certain existing shareholders. The funds raised through the fresh issue are intended to support the company’s business requirements and future expansion plans, whereas the proceeds from the Offer for Sale will be received by the respective selling shareholders.
H.R. Hygiene Products IPO Dates
The following timeline outlines the key events associated with the H.R. Hygiene Products IPO. Investors should complete their applications within the subscription window to participate in the public issue.
| IPO Event | Date |
|---|---|
| IPO Opening Date | 29 July 2026 |
| IPO Closing Date | 31 July 2026 |
| Basis of Allotment | 3 August 2026 (Expected) |
| Refund Initiation | 4 August 2026 (Expected) |
| Shares Credited to Demat Account | 4 August 2026 (Expected) |
| Listing Date | 5 August 2026 (Expected) |
Following the completion of the allotment process, successful applicants are expected to receive the allotted shares in their demat accounts before the proposed listing on the BSE SME platform.
H.R. Hygiene Products IPO Reservation
The share allocation has been structured in accordance with the SEBI regulations applicable to SME Book Built public issues.
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Up to 50% |
| Non-Institutional Investors (NII) | At least 15% |
| Retail Individual Investors (RII) | At least 35% |
The final category-wise allocation will depend on the valid bids received during the IPO subscription period.
H.R. Hygiene Products IPO Lot Size
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 1 Lot (1,600 Shares) | ₹1,40,800 |
| Retail Maximum | 1 Lot (1,600 Shares) | ₹1,40,800 |
| HNI Minimum | 2 Lots (3,200 Shares) | ₹2,81,600 |
The application amount has been calculated using the upper issue price of ₹88 per equity share. Investors should verify the final application details before submitting their IPO bids.
About H.R. Hygiene Products Limited
H.R. Hygiene Products Limited is engaged in the manufacturing and marketing of disposable hygiene products designed for personal care, healthcare, and institutional use. The company offers products that cater to the growing demand for hygiene essentials across retail, medical, commercial, and household segments. By focusing on product quality, manufacturing efficiency, and customer satisfaction, it has established its presence in the hygiene products market.
The company manufactures a diverse range of hygiene products for different age groups and end-user requirements. Its product portfolio includes baby hygiene products, feminine hygiene products, adult care products, and other disposable personal care solutions. These products are supplied through distributors, dealers, wholesalers, retailers, and institutional customers across various regions.
H.R. Hygiene Products Limited continuously focuses on improving its manufacturing capabilities by adopting modern production processes, maintaining quality standards, and expanding its product offerings. Its emphasis on operational efficiency, product innovation, and an expanding distribution network supports the company’s long-term growth strategy.
Business Operations
H.R. Hygiene Products Limited operates through an integrated business model covering product manufacturing, quality control, marketing, and distribution.
- Disposable Hygiene Products – The company manufactures a range of disposable products used for personal hygiene and healthcare applications.
- Baby Care Products – It produces hygiene products designed for infant care and everyday use.
- Feminine Hygiene Products – The company manufactures products that cater to women’s personal hygiene requirements.
- Adult Care Products – Its portfolio includes hygiene solutions designed for adult care and healthcare applications.
- Institutional Supply – The company supplies hygiene products to hospitals, healthcare facilities, distributors, retailers, and commercial customers.
- Manufacturing & Quality Control – Production is supported by quality management systems and inspection processes to maintain product consistency.
- Distribution Network – The company markets its products through an expanding network of distributors, wholesalers, dealers, and retail partners across different regions.
Industry Overview
India’s hygiene and personal care industry has experienced steady growth due to increasing health awareness, rising disposable incomes, improved sanitation practices, and expanding healthcare infrastructure. Consumers are increasingly adopting disposable hygiene products as awareness regarding personal health and cleanliness continues to improve.
The industry is also benefiting from the growth of organised retail, e-commerce platforms, hospitals, diagnostic centres, and pharmacies. Rising demand for baby care, feminine hygiene, and adult care products is creating new opportunities for manufacturers operating in this segment.
Government initiatives promoting sanitation, improved healthcare services, and hygiene awareness are expected to support long-term industry growth. Companies with diversified product portfolios, strong manufacturing capabilities, established distribution networks, and consistent product quality are well positioned to benefit from these market opportunities.
Business Strategy
H.R. Hygiene Products Limited aims to strengthen its position in the hygiene products industry by expanding manufacturing capacity, broadening its product portfolio, and increasing its market reach.
The company focuses on improving production efficiency through investments in manufacturing facilities, modern equipment, and quality assurance systems. It also plans to strengthen its distribution network by increasing its presence across retail, institutional, and commercial channels.
Another important strategic objective is to introduce products that address evolving consumer preferences while maintaining consistent quality standards. The company also intends to enhance operational efficiency, build long-term customer relationships, and expand its presence in both existing and new markets.
By combining manufacturing expertise, product quality, an expanding distribution network, and customer-focused operations, H.R. Hygiene Products Limited aims to achieve sustainable long-term growth in the hygiene and personal care industry.
H.R. Hygiene Products IPO Financial Information
The financial performance of a company provides insight into its revenue growth, profitability, operational efficiency, and financial position. Reviewing financial statements over multiple years helps investors understand how the business has performed and assess its ability to support future growth.
H.R. Hygiene Products Financial Summary
| Particulars | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue from Operations | ₹83.54 Crore | ₹110.28 Crore | ₹134.72 Crore |
| Total Income | ₹84.06 Crore | ₹111.14 Crore | ₹135.48 Crore |
| EBITDA | ₹9.87 Crore | ₹13.74 Crore | ₹17.92 Crore |
| Profit Before Tax (PBT) | ₹6.84 Crore | ₹9.86 Crore | ₹13.21 Crore |
| Profit After Tax (PAT) | ₹5.09 Crore | ₹7.36 Crore | ₹9.84 Crore |
| Net Worth | ₹19.42 Crore | ₹26.78 Crore | ₹36.62 Crore |
| Total Borrowings | ₹15.67 Crore | ₹18.35 Crore | ₹20.11 Crore |
The company has reported steady growth in revenue and profitability over the last three financial years, reflecting expansion in business operations and improving operational efficiency. Investors should evaluate these financial results together with the company’s manufacturing capacity, competitive position, valuation, and future growth plans before making an investment decision.
H.R. Hygiene Products IPO Key Performance Indicators (KPIs)
Key Performance Indicators (KPIs) help investors assess the company’s profitability, capital efficiency, financial leverage, and operational performance.
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 31.46% |
| Return on Capital Employed (ROCE) | 27.18% |
| Return on Net Worth (RONW) | 26.87% |
| EBITDA Margin | 13.24% |
| PAT Margin | 7.28% |
| Debt-to-Equity Ratio | 0.55 |
| Earnings Per Share (EPS) | ₹6.42 |
| Net Asset Value (NAV) Per Share | ₹23.88 |
| Price to Earnings (P/E) | 13.71x |
These indicators suggest improving profitability and efficient utilisation of capital while maintaining a moderate leverage profile. Investors should consider these metrics along with industry conditions and the company’s long-term business strategy before investing.
Objects of the H.R. Hygiene Products IPO
According to the Red Herring Prospectus, the company proposes to utilise the net proceeds from the fresh issue for the following purposes:
- Setting up an additional manufacturing facility.
- Purchase of plant and machinery.
- Meeting incremental working capital requirements.
- Repayment or prepayment of certain borrowings.
- General corporate purposes.
The proposed utilisation of IPO proceeds is expected to expand manufacturing capacity, strengthen operational capabilities, improve financial flexibility, and support the company’s future growth plans.
H.R. Hygiene Products IPO Listing Performance
The listing performance of an IPO indicates how the market values the company’s shares when they begin trading on the stock exchange. Since H.R. Hygiene Products IPO has not yet been listed, the final listing details will be available after trading commences on the BSE SME platform.
| Particular | Details |
|---|---|
| Listing Exchange | BSE SME |
| Listing Date | 5 August 2026 (Expected) |
| Issue Price | ₹88 Per Share |
| Listing Price | Yet to be Announced |
| Listing Gain | Yet to be Announced |
| Listing Gain (%) | Yet to be Announced |
The listing price may differ from the issue price depending on subscription demand, market sentiment, and prevailing conditions in the SME segment at the time of listing.
H.R. Hygiene Products IPO Subscription Status
The subscription status reflects the level of demand received from different categories of investors during the IPO bidding period. The category-wise subscription figures will be updated after the public issue opens.
H.R. Hygiene Products IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | Yet to be Updated |
| Non-Institutional Investors (NII) | Yet to be Updated |
| Retail Individual Investors (RII) | Yet to be Updated |
| Total Subscription | Yet to be Updated |
The final subscription data will be available after the IPO closes and the stock exchange publishes the category-wise bidding statistics.
H.R. Hygiene Products IPO Review
H.R. Hygiene Products Limited operates in the disposable hygiene products industry by manufacturing products used for personal care, healthcare, and institutional applications. The company offers a diversified product portfolio and serves customers through distributors, wholesalers, retailers, and institutional channels across different regions.
The business is supported by increasing awareness of personal hygiene, expanding healthcare infrastructure, rising disposable incomes, and growing demand for hygiene products in both urban and rural markets. Expansion of organised retail and e-commerce platforms also creates opportunities for companies operating in this industry.
However, investors should also consider factors such as intense competition, fluctuations in raw material prices, dependence on distribution networks, changing consumer preferences, and regulatory requirements, which may affect future business performance.
Overall, H.R. Hygiene Products Limited operates in a sector with favourable long-term demand prospects. Investors should evaluate the company’s financial performance, manufacturing capabilities, product portfolio, valuation, and future growth strategy before making an investment decision.
H.R. Hygiene Products IPO Strengths
H.R. Hygiene Products Limited has developed several strengths that support its business operations and future growth.
- Diversified Product Portfolio – The company manufactures hygiene products across baby care, feminine hygiene, adult care, and personal care categories.
- Manufacturing Capabilities – Modern production processes and quality control systems help maintain product consistency and manufacturing efficiency.
- Growing Distribution Network – The company supplies products through distributors, wholesalers, retailers, and institutional customers across multiple regions.
- Focus on Product Quality – Continuous quality assurance and manufacturing standards help strengthen customer confidence.
- Favourable Industry Growth – Rising awareness regarding hygiene and healthcare continues to support demand for disposable hygiene products.
- Experienced Management – The leadership team focuses on business expansion, operational efficiency, and long-term growth.
H.R. Hygiene Products IPO Risk Factors
Like other companies operating in the hygiene products industry, H.R. Hygiene Products Limited faces certain business and industry-related risks.
- Raw Material Price Fluctuations – Changes in the prices of raw materials may impact manufacturing costs and profit margins.
- Competitive Market – The hygiene products industry includes several organised and unorganised players, resulting in competitive pricing.
- Dependence on Distribution Network – Business growth depends on maintaining strong relationships with distributors, wholesalers, and retailers.
- Changing Consumer Preferences – Consumer demand may change due to evolving product preferences and market trends.
- Regulatory Compliance – The company must comply with quality, safety, and other regulatory requirements applicable to its products.
- Working Capital Requirements – Growth in operations may require additional working capital, which could affect cash flow if not managed efficiently.
Investors should evaluate these strengths and risks together with the company’s financial performance, valuation, industry outlook, and long-term business strategy before investing in the IPO.
H.R. Hygiene Products IPO Promoters
H.R. Hygiene Products Limited is promoted by individuals with experience in the hygiene and personal care products industry. The promoters have been instrumental in establishing the company’s manufacturing operations, expanding its product portfolio, and strengthening its distribution network. Their continued focus remains on improving operational efficiency, expanding market reach, and supporting sustainable business growth.
H.R. Hygiene Products IPO Promoters Details
| Promoter | Designation |
|---|---|
| Harsh Rajesh Shah | Promoter |
| Rajesh Ramanlal Shah | Promoter |
H.R. Hygiene Products IPO Management Team
The company is managed by professionals with experience in manufacturing, finance, operations, marketing, and corporate management. The management team oversees business development, production, quality control, finance, and regulatory compliance.
| Name | Designation |
|---|---|
| Harsh Rajesh Shah | Chairman & Managing Director |
| Rajesh Ramanlal Shah | Whole-time Director |
| Mansi Harsh Shah | Executive Director |
| Jayesh Shah | Chief Financial Officer |
| Bhavika Shah | Company Secretary & Compliance Officer |
H.R. Hygiene Products IPO Registrar Details
The registrar to the issue is responsible for processing IPO applications, finalising the basis of allotment, initiating refunds, crediting shares to successful applicants’ demat accounts, and handling investor-related queries.
| Particular | Details |
|---|---|
| Registrar Name | Purva Sharegistry (India) Private Limited |
| Website | www.purvashare.com |
| IPO Allotment Status | https://www.purvashare.com/investor-service/ipo-query |
| Email ID | [email protected] |
| Contact Number | +91-22-4961 4132 |
H.R. Hygiene Products IPO Lead Manager Details
The Book Running Lead Manager is responsible for managing the IPO process, coordinating regulatory compliance, marketing the public issue, and assisting the company throughout the listing process.
| Particular | Details |
|---|---|
| Lead Manager | Marwadi Chandarana Intermediaries Brokers Private Limited |
| Website | www.marwadiinc.com |
| Email ID | [email protected] |
| Contact Number | +91-79-6136 1300 |
H.R. Hygiene Products Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | H.R. Hygiene Products Limited |
| Registered Office | Ahmedabad, Gujarat, India |
| Website | www.hrhygieneproducts.com |
| Email ID | [email protected] |
How to Check H.R. Hygiene Products IPO Allotment Status
Applicants can check their IPO allotment status after the basis of allotment is finalised through the registrar’s website or the BSE portal.
Through Purva Sharegistry (India) Private Limited
- Visit the official IPO allotment portal of Purva Sharegistry.
- Select H.R. Hygiene Products IPO from the list of available IPOs.
- Choose any one of the search options such as Application Number, PAN, or DP/Client ID.
- Enter the required details.
- Click Submit to view your allotment status.
Through BSE
- Visit the official BSE IPO allotment page.
- Select H.R. Hygiene Products IPO from the issue list.
- Enter your Application Number, PAN, or DP/Client ID.
- Complete the verification, if required.
- Click Search to check your allotment status.
Frequently Asked Questions (FAQs)
What is H.R. Hygiene Products IPO?
H.R. Hygiene Products IPO is a Book Built SME public issue comprising a fresh issue of equity shares and an Offer for Sale.
What is the issue price of the H.R. Hygiene Products IPO?
The issue price of the IPO is ₹88 per equity share.
What is the price band of the H.R. Hygiene Products IPO?
The price band has been fixed at ₹83 to ₹88 per equity share.
When will the H.R. Hygiene Products IPO open and close?
The IPO will open on 29 July 2026 and close on 31 July 2026.
What is the total issue size of the H.R. Hygiene Products IPO?
The total issue size of the IPO is approximately ₹53.95 crore.
What is the minimum lot size for the H.R. Hygiene Products IPO?
Retail investors can apply for a minimum of 1 lot comprising 1,600 equity shares.
Where will H.R. Hygiene Products shares be listed?
The company’s equity shares are proposed to be listed on the BSE SME platform.
Who is the registrar for the H.R. Hygiene Products IPO?
Purva Sharegistry (India) Private Limited is the registrar to the issue.
Who is the Book Running Lead Manager for the H.R. Hygiene Products IPO?
Marwadi Chandarana Intermediaries Brokers Private Limited is the Book Running Lead Manager.
What are the objects of the H.R. Hygiene Products IPO?
The company proposes to utilise the net proceeds from the fresh issue for expanding manufacturing capacity, purchasing plant and machinery, meeting working capital requirements, repaying certain borrowings, and general corporate purposes.
