H.R.Hygiene Products came to market through an SME IPO that opened on 29 July 2026 and closed on 31 July 2026, and the shares listed on 5 August 2026 on BSE SME. The price band was ₹83 to ₹88 per share and one lot was 1600 shares, so the minimum application was ₹1,40,800. The issue size was ₹53.95 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹90, a gain of 2.3% against the issue price of ₹88. Purva Sharegistry (India) Pvt.Ltd was the registrar to the issue, and Marwadi Chandarana Intermediaries Brokers Pvt.Ltd was the lead manager.
As of 31 July 2026.
| Day |
|---|
| 1 |
| 2 |
| 3 |
Overall the issue was subscribed 6.73 times.
Incorporated in 2016, H.R. Hygiene Products Limited engages in the production and marketing of hygiene products (sanitary napkins). The firm works with different in-house brand products, namely Femiss, Womanica, ElderFit, and Bloom Baby, which are meant to meet hygiene requirements of different consumer categories – babies, young girls, as well as older people. Hygiene product manufacturing is a key area of operations of the company, which produces sanitary napkins for its own brands and white label customers.
At the same time, the range of products has been growing over the time and now includes female, adult and baby care products. Namely, Femiss targets affordable hygiene market offering good sanitary napkins, Womanica produces high-absorbent sanitary napkins, ElderFit develops adult care including absorbent adult diapers, and Bloom Baby focuses on the baby diapers to ensure their comfort and skin safety. H.R.
Hygiene Products markets its product throughout India in a two-tier strategy that involves both offline retail with the help of consignment sale agents and distributors and online through major online marketplaces, including Meesho, Amazon, Glowroad, Flipkart, Snapdeal, and JioMart. As on March 31, 2025, the company employed 11 Consignment Sale Agents (CSA) and maintained a distribution network with 182 distributors, all aided by sales and marketing staff of more than 96.
The company had a diverse clientele of over 200 customers spread over 28 states and 8 union territories, thus decreasing its reliance on any particular customer. The company’s manufacturing plant is situated at Rajkot, thus making the manufacturing process easier and facilitating countrywide supply. On September 29, 2025, the company had an employee strength of 141.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
|---|
H R Hygiene Products Limited finalised its anchor investor allocation on July 28, 2026, raising ₹14.84 crore from 7 institutional investors at an anchor price of ₹88 per share. The anchor book comprises 16,86,400 equity shares allocated across non-mutual fund institutional investors. Saint Capital Fund received the largest allocation at 20.21%, followed by Necta Bloom VCC – Necta Bloom One at 18.98%.
Moneywise Financial Services Private Limited, Krushnam Nexus Capital Scheme 1, Kuber India Opportunity Fund, and Craft Emerging Market Fund PCC – Citadel Capital Fund each received 13.47%, while Rajasthan Global Securities Private Limited received 6.93%. No domestic mutual funds, life insurance companies, or pension funds participated in the H R Hygiene Products IPO anchor round.
Hemal Babubhai Borsadiya, Rahul Kishorbai Sheradia, Borsadiya Binita Hemalbhai, Sheradia Parth Damjibhai. Promoter holding 68.80% before the issue.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
H.R.Hygiene Products IPO was a ₹53.95 crore book-built issue, comprising a fresh issue of ₹43.17 crore and an offer for sale of ₹10.79 crore. It was priced at ₹83–₹88 per share with a lot size of 1,600 shares; the minimum retail application was 3,200 shares (₹2,81,600). The IPO was open from July 29 to July 31, 2026 and was subscribed 6.73x.
Shares listed on BSE SME on August 5, 2026 at ₹90, a 2.3% premium to the issue price of ₹88. Purva Sharegistry (India) Pvt. Ltd. is the registrar. Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is the book running lead manager.
The price band of H.R.Hygiene Products IPO is ₹83 to ₹88 per share.
The lot size of H.R.Hygiene Products IPO is 1600 shares.
The minimum investment for H.R.Hygiene Products IPO is approximately ₹2,81,600 based on the upper price band.
The allotment date of H.R.Hygiene Products IPO is Aug 3, 2026.
No GMP quote could be verified as recorded before H.R.Hygiene Products IPO listed. A grey-market observation of ₹1 per share was recorded on 5 Aug 2026, 7:15 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹90. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check H.R.Hygiene Products IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the H.R.Hygiene Products IPO allotment status on Rupix for quick and easy access.
₹83 to ₹88 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,40,800. After listing, SME shares also trade in lots rather than one share at a time.
₹1,40,800, for one lot of 1600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 29 July 2026 and closed on 31 July 2026.
The basis of allotment was published on 3 August 2026 by Purva Sharegistry (India) Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 5 August 2026 on BSE SME, opening at ₹90.
The issue size was ₹53.95 crore. The fresh issue was 49,05,600 shares (aggregating up to ₹43.17 crore). The offer for sale was 12,25,600 shares (aggregating up to ₹10.79 crore).
It listed at ₹90 against an issue price of ₹88, a gain of 2.3 percent on listing day.