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H. R. Hygiene Products Ltd

MiscellaneousIPOSME
₹88 - 88
₹88 - 88

We are a manufacturer of hygiene products with a growing presence in the Indian market. Under our brand framework, we have developed Femiss, Womanica, ElderFit and Bloom Baby, each designed to address consumer needs across the hygiene care spectrum, from babies to young women and the elderly. While our core focus has been on sanitary napkins, we have progressively diversified our portfolio to include a broader range of female care and wellness products, with Femiss catering to the economic segment through affordable and reliable sanitary napkins, Womanica offering premium high-absorbency solutions, ElderFit extending specialized hygiene care to the elderly, and Bloom Baby focusing on safe and comfortable baby care. We also manufacture our product sanitary napkin on white label for few customers. Our products are distributed pan-India through a dual-channel strategy comprising an extensive offline retail presence with network of dealers and e-commerce platforms including Meesho, Amazon, Glowroad, Flipkart, Snapdeal and JioMart, catering to both B2B and B2C customers. As on May 31, 2026 we have 25 SKUs across product range.

Lot1,600Min Invest₹2,81,600Face Value₹10Issue Size₹54 CrFresh Issue₹43 CrOffer for Sale₹11 CrListing Price₹90CMP₹62

Timeline

29 Jul
Bidding opens
31 Jul
Bidding closes
3 Aug
Allotment
4 Aug
Refund & demat credit
5 Aug
Listing

Subscription

Subscription opens once dates are announced

Reports

Offer Details

Terms

Issue Size₹54 Cr0.61 Cr shares
Fresh Issue₹43 Cr
Offer for Sale₹11 Cr
Face Value₹10
Lot Size1,600 shares
ReservationQIB 49.97% · NII 15.01% · RETAIL 35.02%

Application Sizes

Retail2,81,6001-1 lots
sNII2,81,600from 2 lots
bNII11,26,400from 8 lots

Managers & Registrar

Lead ManagerMarwadi Chandarana Intermediaries Brokers Pvt Ltd
RegistrarPurva Sharegistry (I) Pvt Ltd

Ownership & Proceeds

Offer for Sale

Selling ShareholderShares OfferedAmt ₹ CrHemalbhai Babubhai BorsadiyaPRMTR3,06,4002.70Rahul Kishorbhai SheradiaPRMTR3,06,4002.70Sheradia Parth DamjibhaiPRMTR3,06,4002.70Borsadiya Binita HemalbhaiPRMTR3,06,4002.70Total12,25,60010.79

Shareholding

CategoryPre IPOPost IPOPromoter Group68.8%48.53%Public31.2%51.47%

Objects of the Issue

  1. Setting up a new manufacturing facility
  2. Prepayment / repayment of Loan
  3. General corporate purposes

Anchor Book

Bid Date28-Jul-2026

Financials

Profit & Loss

Financial YearFY23FY24FY25FY26
RevenueCr4283115131
Operating ProfitCr261518
OPM%4.97.813.013.6
PBTCr071216
PATCr05911
EPS22856

Balance Sheet

Financial YearFY23FY24FY25FY26
Equity CapitalCr22718
ReservesCr052425
BorrowingsCr20252122
Total AssetsCr344991171

Cash Flow

Financial YearFY23FY24FY25FY26
Operating Cash FlowCr-12-102
Investing Cash FlowCr0-600
Financing Cash FlowCr2411-1
Net Cash FlowCr0010

Strengths & Risks

Strengths · as stated in the DRHP
  • A state-of-the-art production facility spread across 32,780.88 sq. ft., equipped with fully automated systems that span from raw material handling to finished product packaging.
  • Distribution of personal health & hygiene products through Dual Channel Strategy
  • Brand affinity, loyalty and trust of customers in our brands
  • Pan India presence.
  • Our facility holds certifications including ISO 9001:2015 and WHO-GMP certified and also holds a BIS certification.
Strategies · as stated in the DRHP
  • Scaling Production Capabilities and Diversifying Product Offerings.
  • Brand building.
  • Operational Efficiency and Supply Chain Optimization.
  • Expanding our geographical footprint in rural areas through robust distribution.
Risks · as stated in the DRHP
  • There is change in statutory auditor from the filing of DRHP. The Company has appointed new statutory auditor. The cessation was not on account of any disagreement with the Company relating to the financial statements, accounting policies, auditing procedures, internal financial controls, management representations or any reportable event under the applicable provisions of the Companies Act, 2013.
  • There are certain outstanding legal proceedings involving the company, Group Company, Promoters, Directors and KMP and SMP which may adversely affect its business, financial condition and results of operations.
  • The company's revenue from operations is highly concentrated in one product category and any adverse development affecting such category could materially and adversely affect its business.
  • The company's inability to timely adapt to changing consumer preferences, spending patterns, or hygiene and personal care trends may reduce demand for its products, adversely affecting the company's business, results of operations, financial condition, and cash flows.
  • The company's brands and reputation constitute critical assets of its Company and any deterioration in them could materially and adversely affect the company's business, financial condition, cash flows and results of operations.
  • The company generally does business with its customers on purchase order basis and does not enter into long term contracts with them. The company's inability to maintain relationships with its customers could have an adverse effect on the company's business, prospects, results of operations and financial condition.
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