New Delhi, 29 July (H.S.): HR Hygiene Products Limited, a manufacturer of sanitary pads, baby diapers and adult care products, has launched its ₹53.95 crore initial public offering (IPO) for subscription today. Investors can bid for the issue until July 31. Following the closure of the issue, the basis of allotment is expected to be finalised on August 3, while the allotted shares are likely to be credited to investors' demat accounts on August 4. The company's shares are expected to be listed on the BSE SME platform on August 5.

The IPO has been priced in a band of ₹83 to ₹88 per share, with a lot size of 1,600 shares. Retail investors are required to apply for a minimum of two lots, or 3,200 shares, which translates into a minimum investment of ₹2,81,600.

Under the public issue, the company is issuing a total of 61,31,200 equity shares with a face value of ₹10 each. Of these, approximately 12,25,600 shares worth nearly ₹11 crore are being offered through the Offer for Sale (OFS) route, while about 49,05,600 fresh equity shares worth around ₹43 crore are being issued by the company.

The IPO allocation has been structured with 47.44 per cent reserved for Qualified Institutional Buyers (QIBs), 33.25 per cent for retail investors and 14.25 per cent for Non-Institutional Investors (NIIs). In addition, 5.06 per cent of the issue has been reserved for the market maker.

Marwadi Chandarana Intermediaries Brokers Private Limited has been appointed as the Book Running Lead Manager to the issue, while Purva Sharegistry (India) Private Limited is serving as the registrar. SMC Global Securities Limited has been designated as the market maker for the IPO.

According to the Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI), the company's financial performance has strengthened consistently over the past three financial years.

HR Hygiene Products reported a net profit of ₹4.66 crore in the financial year 2023-24, which increased to ₹9.08 crore in FY 2024-25. The company's net profit further rose to ₹11.41 crore during FY 2025-26.

The company also witnessed steady growth in revenue during the same period. Total revenue stood at ₹85.33 crore in FY 2023-24, rising to ₹115.15 crore in FY 2024-25 and further increasing to ₹131.90 crore in FY 2025-26.

The company's debt levels, however, witnessed some fluctuations. Outstanding borrowings stood at ₹24.68 crore at the end of FY 2023-24, declined to ₹21.19 crore in FY 2024-25, and edged up marginally to ₹21.53 crore during FY 2025-26.

The company's net worth also registered significant growth over the three-year period. It increased from ₹5.90 crore in FY 2023-24 to ₹31.44 crore in FY 2024-25 and further climbed to ₹42.38 crore in FY 2025-26.

Similarly, the company's reserves and surplus improved substantially. These stood at ₹4.15 crore in FY 2023-24, surged to ₹24.31 crore in FY 2024-25 and increased further to ₹24.58 crore during FY 2025-26.

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) also recorded consistent growth. It rose from ₹7.58 crore in FY 2023-24 to ₹14.77 crore in FY 2024-25 and further increased to ₹17.08 crore in FY 2025-26.

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Hindusthan Samachar / Jun Sarkar