H.R. Hygiene Products IPO
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.92x | 1.01x | 2.81x |
| NII | 2.20x | 2.71x | 12.19x |
| bNII > ₹10L | 2.84x | 3.34x | 12.93x |
| sNII 2-10L | 0.92x | 1.43x | 10.71x |
| Retail | 1.41x | 1.99x | 6.74x |
| Total | 1.43x | 1.85x | 6.73x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 85.33 | 115.15 | 131.90 |
| Expense | 79.10 | 103.05 | 116.16 |
| Profit (PAT) | 4.66 | 9.08 | 11.41 |
| Total Assets | 48.87 | 90.56 | 170.92 |
Promoters & Holding Pattern
Promoters: Hemal Babubhai Borsadiya, Rahul Kishorbai Sheradia, Borsadiya Binita Hemalbhai, Sheradia Parth Damjibhai
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,78,06,438 | 68.80% |
Strengths & Risks
- Strong institutional (QIB) demand — 2.8x.
- Solid profit margin — 8.7%.
- Strong return on equity — 31%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About H.R. Hygiene Products
H.R. Hygiene Products, founded in 2016, is one of the leading manufacturers of hygiene products, mainly Sanitary napkins. The firm supplies its products under various in-house brands: Femiss, Womanica, ElderFit, and Bloom Baby. Each brand is designed for a different customer group, providing hygiene and personal care products for babies, young women, adults, and elderly people. The company mainly sells sanitary napkins under its own brand and under white-label arrangements for some brands. Moreover, over time, H.R. has expanded its product range to include female, adult, and baby care products. Under Femiss, the firm sells affordable and reliable sanitary napkins; Womanica offers premium, high-absorbency sanitary products. ElderFit provides adult diapers, and Bloom Baby focuses on baby diapers. Moreover, the firm sells its products via major e-commerce platforms including Meesho, Amazon, Glowroad, Flipkart, Snapdeal, and JioMart.
Company Contact Information
H.R. Hygiene Products Ltd., Survey No.125/P2/P2, Plot no. 1 to 3, Village: Lothada, Rajkot, Gujarat, 360002
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Setting up a new manufacturing facility at Rajkot, Gujarat (Proposed facility Unit 2) | 31.36 |
| Prepayment / repayment of Loan | 3.57 |
| General Corporate Purpose | - |
Resources & Documents
Anchor Investors
H.R. Hygiene Products IPO - Quick Take
H.R. Hygiene Products has set a price band of Rs 83–Rs 88 per share for an issue size of Rs 54 crore. The stock listed with a 2.27% gain versus its issue price on August 05, 2026.
The issue is promoted by Hemal Babubhai Borsadiya, Rahul Kishorbai Sheradia, Borsadiya Binita Hemalbhai, Sheradia Parth Damjibhai with Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards setting up a new manufacturing facility at Rajkot, Gujarat (Proposed facility Unit 2) (Rs 31 crore) and prepayment / repayment of Loan (Rs 4 crore).
On fundamentals, the company is posting revenue growth of 14.6%, a profit margin of 8.7%, return on equity of 30.9% in its most recent reported period.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
H.R. Hygiene Products IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 1.1%. Of the 50 SME IPOs we have tracked with a final GMP under 10%, 19 listed above, 12 flat and 19 below the issue price; H.R. Hygiene Products listed 2.3% above its issue price.
See the full H.R. Hygiene Products GMP history and trend, or learn how grey market premium works and how reliable it is.
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