Hr Hygiene Products Ipo
H.R. Hygiene Products IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | July 29, 2026 |
| IPO Close Date | July 31, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹83 to ₹88 Per Share |
| Issue Size | Approx ₹53.95 Crores |
| Fresh Issue | Approx ₹43.17 Crores |
| Offer for Sale: | Approx 12,25,600 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 3,200 | ₹2,81,600 |
| Retail Maximum | 2 | 3,200 | ₹2,81,600 |
| S-HNI Minimum | 3 | 4,800 | ₹4,22,400 |
| S-HNI Maximum | 7 | 11,200 | ₹9,85,600 |
| B-HNI Minimum | 8 | 12,800 | ₹11,26,400 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 16,86,400 Shares | 27.51% |
| QIB (Ex. Anchor) | 12,22,400 Shares | 19.94% |
| NII Shares Offered | 8,73,600 Shares | 14.25% |
| Retail Shares Offered | 20,38,400 Shares | 33.25% |
| Anchor Bidding Date | July 28, 2026 |
| Anchor Investors List | |
| Shares Offered | 16,86,400 Shares |
| Anchor Size | 14.84 Cr. |
| lock-in period end date 50% shares (30 Days) | Sep 2, 2026 |
| lock-in period end date 50% shares (90 Days) | Nov 1, 2026 |
| IPO Open Date: | July 29, 2026 |
| IPO Close Date: | July 31, 2026 |
| Basis of Allotment: | August 3, 2026 |
| Refunds: | August 4, 2026 |
| Credit to Demat Account: | August 4, 2026 |
| IPO Listing Date: | August 5, 2026 |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,78,06,438 | 68.80% |
| Promoter Holding Post Issue | 2,27,12,038 | -% |
| Purpose | Crores |
| Setting up a new manufacturing facility at Rajkot, Gujarat (Proposed facility Unit 2) | ₹31.36 |
| Prepayment / repayment of Loan | ₹3.57 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹85.33 | ₹79.10 | ₹4.66 | ₹48.87 |
| 2025 | ₹115.15 | ₹103.05 | ₹9.08 | ₹90.56 |
| 2026 | ₹131.90 | ₹116.16 | ₹11.41 | ₹170.92 |
| KPI | Values |
| ROE: | 30.90% |
| ROCE: | 24.86% |
| EBITDA Margin: | 13.07% |
| PAT Margin: | 8.73% |
| Debt to equity ratio: | 0.51 |
| Earning Per Share (EPS): | ₹6.41 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 26.91% |
| Net Asset Value (NAV): | ₹23.80 |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |