H.R. Hygiene Products shares to list today on BSE SME. Here’s what GMP suggests

Shares of H.R. Hygiene Products are scheduled to make their stock market debut on the BSE SME platform today, August 5. Ahead of the listing, grey market activity indicates a subdued start, with the stock commanding only a marginal premium over its issue price.

The latest grey market premium (GMP) for H.R. Hygiene Products stands at Rs 1 per share, translating into a premium of nearly 1% over the upper end of the IPO price band of Rs 88. Based on the current GMP, the estimated listing price is around Rs 89 per share, suggesting modest listing gains for investors if broader market sentiment remains supportive.

The SME IPO, which was open for subscription from July 29 to July 31, received a strong response from investors, with the issue getting subscribed 6.26 times overall. The retail investor portion was subscribed 6.74 times, while the Qualified Institutional Buyers (QIBs) segment saw 2.81 times subscription. The Non-Institutional Investors (NIIs) category witnessed the highest demand, with the portion subscribed 8.99 times.


Ahead of the public issue, the company raised Rs 14.84 crore from anchor investors through the anchor book, which opened on July 28, 2026.

H.R. Hygiene Products' public issue comprised a fresh issue of 49 lakh equity shares worth Rs 43.17 crore and an Offer for Sale (OFS) of 12 lakh shares aggregating Rs 10.79 crore.

The company fixed the IPO price band at Rs 83–Rs 88 per share. The issue was managed by Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. as the Book Running Lead Manager, while Purva Sharegistry (India) Pvt. Ltd. acted as the registrar.

The company plans to utilise the net proceeds primarily to expand its manufacturing capabilities and strengthen its balance sheet.

A significant portion, Rs 31.36 crore, has been earmarked for setting up a new manufacturing facility (Proposed Unit 2) in Rajkot, Gujarat. Another Rs 3.57 crore will be used towards the repayment or prepayment of existing borrowings, while the remaining funds will be deployed for general corporate purposes. In total, the company expects to utilise Rs 34.93 crore from the net proceeds.

About H.R. Hygiene Products

Founded in 2016, H.R. Hygiene Products Limited manufactures and markets hygiene and personal care products, with sanitary napkins forming the cornerstone of its business.

The company owns several brands, including Femiss, Womanica, ElderFit, and Bloom Baby, serving customers across women's hygiene, baby care, and adult care segments. Besides marketing products under its own labels, the company also undertakes white-label manufacturing for select clients, expanding its footprint across multiple hygiene categories.

With plans to scale up production through its upcoming Gujarat facility, the company is looking to strengthen its presence in India's fast-growing hygiene products market.

Financial performance

H.R. Hygiene Products has reported steady growth in both revenue and profitability. For FY26, the company posted a 14.5% increase in total income, which rose to Rs 131.90 crore from Rs 115.15 crore in FY25. Profit after tax (PAT) also witnessed robust growth, climbing 25.7% to Rs 11.41 crore, against Rs 9.08 crore in the previous financial year.

While the company's financial performance has remained encouraging, investors will closely watch today's market debut to gauge demand for the stock beyond the primary market. With the grey market indicating only a marginal premium, the focus will be on whether listing-day buying interest can translate into stronger gains.

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