H. R. Hygiene Products IPO
Miscellaneous • ₹54cr
High risk because:
- 5 material risk factors disclosed in DRHP
- SME listing with thinner post-listing liquidity
- Revenue from operations is highly concentrated in a single product category of sanitary na…
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹29-31
Lot Size
1600 shares
Issue Size
₹54cr
Open
29 Jul 2026
Close
31 Jul 2026
Subscription
6.17×
GMP +₹1 → est. ₹32
IPO Schedule
| Issue Open Date | 29 Jul 2026 |
| Issue Close Date | 31 Jul 2026 |
| Allotment Date | 03 Aug 2026 |
| Listing Date | 05 Aug 2026 |
About H. R. Hygiene Products
H.R. Hygiene Products Limited is engaged in the manufacturing and marketing of hygiene products in India. The company offers sanitary napkins and other hygiene products under its brands Femiss, Womanica, ElderFit, and Bloom Baby, catering to women, babies, and the elderly. It also manufactures sanitary napkins for third parties under white-label arrangements. Its products are distributed through an offline dealer network and e-commerce platforms, serving both B2B and B2C customeRs As of August 31, 2025, the company had 25 SKUs across its product portfolio. The company operates a manufacturing facility in Rajkot, Gujarat, spread across 32,780.88 sq. ft., with an installed production capacity of 6.41 lakh sanitary napkins per day. The facility is equipped with automated production systems and holds ISO 9001:2015, WHO-GMP, and BIS certifications. As of March 31, 2025, the company had a distribution network comprising over 96 sales and marketing personnel, 11 consignment sale agents, and approximately 182 distributors across India. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes: Setting up a new manufacturing facility at Rajkot, Gujarat — Rs 31.36 crore Prepayment/repayment of loan — Rs 3.56 crore General corporate purposes
Company Details
Founders / Promoters
Mr. Hemalbhai Babubhai Borsadiya
Founded
2016
Registrar
Purva Sharegistry (I) Pvt Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
H. R. Hygiene Products — IPOFins Verdict
QuantitativeDriven by QIB demand at 2.8x and elevated disclosed risk (7/10), H. R. Hygiene Products listed at a premium of 190.3% to its issue price. SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
- State-of-the-art production facility spread across 32,780.88 square feet equipped with fully automated systems from raw material handling to finished product packaging.
- Distribution of personal health and hygiene products through a dual-channel strategy combining offline distributors and online platforms.
- Established brand affinity, loyalty, and customer trust in proprietary brands such as Femiss, Womanica, ElderFit, and Bloom Baby.
- Pan-India distribution presence for marketing personal health and hygiene products.
- Manufacturing facility holding key quality and safety certifications including ISO 9001:2015, WHO-GMP, and BIS certifications.
Score breakdown — what drove this verdict
High risk from DRHP → score -0.8
Institutional subscription → score 0
Strong retail interest → score +0.5
Actual listing outcome → score +1.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹31
Listing Price
₹90
Listing Gain/Loss
+190.32%
Listing Date
05 Aug 2026
Price Since Listing
Returns are measured against the ₹31 issue price.
Listing
₹90
+190.3%
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FAQ
What is the price band of H. R. Hygiene Products IPO?
The price band is ₹29-31 per share with a lot size of 1600 shares. Minimum investment: ₹49,600.
What does H. R. Hygiene Products do?
H.R. Hygiene Products Limited is engaged in the manufacturing and marketing of hygiene products in India. The company offers sanitary napkins and other hygiene products under its brands Femiss, Womanica, ElderFit, and Bloom Baby, catering to women, babies, and the elderly. It also manufactures sanitary napkins for third parties under white-label arrangements. Its products are distributed through an offline dealer network and e-commerce platforms, serving both B2B and B2C customeRs As of August 31, 2025, the company had 25 SKUs across its product portfolio. The company operates a manufacturing facility in Rajkot, Gujarat, spread across 32,780.88 sq. ft., with an installed production capacity of 6.41 lakh sanitary napkins per day. The facility is equipped with automated production systems and holds ISO 9001:2015, WHO-GMP, and BIS certifications. As of March 31, 2025, the company had a distribution network comprising over 96 sales and marketing personnel, 11 consignment sale agents, and approximately 182 distributors across India. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes: Setting up a new manufacturing facility at Rajkot, Gujarat — Rs 31.36 crore Prepayment/repayment of loan — Rs 3.56 crore General corporate purposes
Should I apply for H. R. Hygiene Products IPO?
H. R. Hygiene Products listed at ₹90 (+190.3% premium to the ₹31 issue price) after 6.2x subscription. IPOFins Score 6/10: Driven by QIB demand at 2.8x and elevated disclosed risk (7/10), H. R. Hygiene Products listed at a premium of 190.3% to its issue price. SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
Who founded H. R. Hygiene Products?
H. R. Hygiene Products was founded by Mr. Hemalbhai Babubhai Borsadiya in 2016.