H.R.Hygiene Products IPO is a sme IPO raising ₹54 Cr at ₹83 – ₹88 a share. The smallest application you can make is 1600 shares, costing ₹1,40,800 at the top of the band. Bidding closes on 31 Jul 2026 and the shares list on 5 Aug 2026. So far it has been subscribed 0.00× in total.
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populated partly populated we hold nothing here — the tab says why
Read from the 354-page prospectus. Indian prospectuses list hundreds of risk factors, most of them generic boilerplate. These are the 14 specific to this company; 323 generic ones were skipped. Every one is quoted verbatim with its page, so you can check it against the document.
Sanitary Napkin 12,462.11 95.33% ... Because of this concentration, our financial performance depends disproportionately on the continued demand for and supply of our consumer hygiene products
Revenue from Largest Customer 6,320.81 ... 48.35% ... Revenue from Top 10 Customers 10,511.29 80.41%
Trade receivables ... 10475.99 ... 4938.89 ... 627.33
Net cash (used)/from operating activities 157.78 (1008.38) 229.03 ... Negative cash flows from operating activities for FY 2025 were mainly attributable to change in working capital consist of increase in Trade Receivables
our Company has outstanding dues payable to 54 creditors who are registered as micro, small and medium enterprises ("MSMEs") under the Micro, Small and Medium Enterprises Development Act, 2006 ("MSME Act") for Rs. 2,661.21 Lakhs
During Fiscal 2026 we had transaction of 13.08% of purchases from R.P. Hygiene LLP. Such purchase of product from R.P Hygiene LLP is on arm's length and we had entered into an exclusive production agreement.
Our facility at Rajkot are subject to operating risks, such as shutdowns due to the breakdown or failure of equipment ... our business, financial condition, results of operations and prospects may be adversely affected by any disruption of operations at our facilities.
our top 10 suppliers contributed around 84.57 %, 86.86 % and 90.50 % respectively of our purchases, reflecting a significant concentration in our supply chain
we derived Rs.10,067.70 lakhs, (77.02%), Rs. 8,630.26 lakhs (75.29 %) and Rs. 5,289.86 lakhs (62.72%) of revenue from operation, respectively
We are dependent on single contract manufacturer for manufacturing of Diapers ... engagement, is on a non-exclusive and short-term basis without definitive long-term contract
Our Company has experienced multiple changes in its statutory auditors since its incorporation ... RPC & CO ... DDM & ASSOCIATES ... R. B. Gohil & Co. ... Savjani & Associates ... resigned ... due to non co – operation on behalf of the Company
We have not yet placed firm purchase orders for the capital expenditure proposed to be incurred towards the purchase and installation of new equipment and machinery and construction of manufacturing facility
Our Company proposes to augment our manufacturing capacity by undertaking brownfield expansion... Underutilization of our manufacturing capacities over extended periods, or significant under-utilization in the short term, or an inability to fully realize the benefits of our proposed capacity expansion, could adversely impact our business
There is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the BSE SME in a timely manner or at all.
Extracted from the issuer’s own prospectus and ranked by how specific and material each risk is to this company. Severity is our assessment of the disclosure, not a prediction — and nothing here is a recommendation to apply to this issue.
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed; the disclosed aggregate at stake is ₹3.8 Cr.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 0 | 9 | 1 | ₹3.8 Cr |
| Promoters | 0 | 1 | 0 | ₹0.0 Cr |
| Directors | 0 | 0 | 0 | — |
| Subsidiaries | 0 | 0 | 0 | — |
| Group companies | 0 | 2 | 0 | ₹0.0 Cr |
Income Tax demand of Rs. 3,60,54,130 (plus interest Rs. 10,81,623) against the Company for A.Y. 2025-26 (1 case, Rs. 374.96 lakhs in summary table)
Consumer Complaint No. 141/2025 filed by Shri Hemalbhai Borsadiya (Director of H.R. Hygiene Products Pvt. Ltd.) and Smt. Ramaben R. Mavani against The New India Insurance Company Ltd. before Rajkot District Consumer Disputes Redressal Commission, seeking Rs. 50 lakh compensation for alleged arbitrary repudiation of hail-damage claim of Rs. 67.92 lakh
TDS defaults of Rs. 6,98,970 spread across 8 years against the Company (Rs. 6.99 lakhs)
Income Tax demand of Rs. 1,11,630 (plus interest Rs. 20,008) against Promoter/Director Sheradia Parth Dhamjibhai for A.Y. 2024-25 u/s 143(1)(a)
TDS defaults of Rs. 0.71 lakhs across 2 years against Group Company/ies
All amounts converted from Rs. lakhs to Rs. crore (1 crore = 100 lakhs). No grand total is explicitly stated; total_amount_cr computed as sum of disclosed tax/aggregate amounts across parties (374.96 + 6.99 + 1.32 + 0.71 = 383.98 lakhs = 3.8398 crore). The lone 'other' matter (Consumer Complaint 141/2025) is filed BY the Company rather than against it; it is a material litigation filed by the Company in the ordinary course and is not quantified in the summary table. No criminal proceedings, no regulatory/statutory actions, and no disciplinary actions by SEBI/stock exchanges against any Relevant Party are reported.. Outstanding means unresolved — a listed case is an exposure, not a verdict.
What the issuer and the exchanges published. Everything else on this tab is read out of these.
