H.R.Hygiene Products Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,908,800 | — | ₹26 Cr |
| NII (HNI) | — | 873,600 | — | ₹8 Cr |
| Retail | — | 2,038,400 | — | ₹18 Cr |
| Market Maker | — | 310,400 | — | ₹3 Cr |
| Σ Total | — | 6,131,200 | — | ₹54 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹140,800 |
| Retail (Max) | 13 | 20,800 | ₹1,830,400 |
| S-HNI (Min) | 14 | 22,400 | ₹1,971,200 |
| B-HNI (Min) | 67 | 107,200 | ₹9,433,600 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 132 | 115 | 85 |
| EBITDA | 17 | 15 | 8 |
| Profit After Tax | 11 | 9 | 5 |
| Net Worth | 42 | 31 | 6 |
| Total Assets | 171 | 91 | 49 |
| Reserves & Surplus | 25 | 24 | 4 |
| Total Borrowing | 22 | 21 | 25 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Setting up a new manufacturing facility at Rajkot, Gujarat (Proposed facility Unit 2) – 31.36
- Prepayment / repayment of Loan – 3.57
- General Corporate Purposes –
Company Overview
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’s core business focuses on sanitary napkins, which it manufactures under both its own brands and white-label arrangements for select customers. Over time, it has expanded its product portfolio to include female care, adult care, and baby care products, catering to diverse consumer requirements.
Product Portfolio: As of March 31, 2026, the company offered 2 products across 2 segments, serving personal, healthcare, and institutional hygiene needs through B2B and B2C channels, with products priced between ₹10 and ₹1,000 per pack.
Femiss targets the affordable hygiene segment with reliable sanitary napkins, Womanica offers premium high-absorbency products, ElderFit provides adult care solutions such as absorbent adult diapers, and Bloom Baby focuses on baby diapers designed for comfort and skin safety.
H.R. Hygiene Products distributes its products pan-India through a dual-channel strategy an extensive offline retail network supported by consignment sale agents and distributors, and online sales through major e-commerce platforms including Meesho, Amazon, Glowroad, Flipkart, Snapdeal, and JioMart.
As of March 31, 2026, the company operated with 25 Consignment Sale Agents (CSAs) and a network of 202 distributors, supported by a sales and marketing team of over 99 personnel. It had a diversified customer base of over 227 customers in 28 states and 8 union territories, reducing dependency on any single customer.
The company’s manufacturing facility is located in Rajkot, enabling efficient production and nationwide supply.
As of May 31, 2026, the company had a total of 144 employees.
Competitive 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