| Basis of Allotment |
| THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY. THIS IS NOT A PROSPECTUS ANNOUNCEMENT AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, OUTSIDE INDIA |
![]() |
H. R. HYGIENE PRODUCTS LIMITED |
| CORPORATE IDENTITY NUMBER: U74999GJ2016PLC093028 |
Our company was originally incorporated and registered as a Private Limited Company under Companies Act, 2013 in the name and style of H.R. Hygiene Private Limited vide certificate of incorporation dated July 21, 2016 bearing registration number 93028 issued by the Registrar of Companies, Ahmedabad. Further, the name of our Company was changed to "H. R. Hygiene Products Limited" and a fresh certificate of incorporation dated February 10, 2025 was issued by Registrar of Companies, Central Processing Centre. Pursuant to a resolution of our Board dated December 23, 2024 and a resolution of our shareholders dated January 17, 2025, our Company was converted into a public limited company under the Companies Act, and consequently the name of our company was changed to "H.R. Hygiene Products Limited", and a fresh certificate of incorporation dated February 10, 2025 issued by Registrar of Companies, Central Processing Centre. For details pertaining to the changes of name of our company and change in registered office please refer to the chapter titled 'History and Corporate Structure' on page no. 158 of the Prospectus.
| Registered Office: Survey No. 125/P2/P2 Plot no. 1 to 3, Village: Lothada, Rajkot - 360002, Gujarat, India. Website: www.hrhygiene.com E-Mail: compliance@hrhygiene.com Tel. No: +91 6354554191 Company Secretary and Compliance Officer: Sagar Parmar |
| OUR PROMOTERS: HEMAL BABUBHAI BORSADIYA, RAHUL KISHORBHAI SHERADIA, BORSADIYA BINITA HEMALBHAI AND SHERADIA PARTH DAMJIBHAI |
| THE ISSUE IS BEING MADE IN ACCORDANCE WITH CHAPTER IX OF THE SEBI ICDR REGULATIONS AND THE EQUITY SHARES ARE PROPOSED TO BE LISTED ON THE SME PLATFORM OF BSE LIMITED ("BSE SME") |
| BASIS OF ALLOTMENT |
INITIAL PUBLIC OFFERING OF UP TO 61,31,200 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF OUR COMPANY FOR CASH AT A PRICE OF RS. 88 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 78 PER EQUITY SHARE) ("OFFER PRICE") AGGREGATING UP TO RS. 5,395.46 LAKHS (THE "OFFER") COMPRISING A FRESH OFFER OF UP TO 49,05,600 EQUITY SHARES OF FACE VALUE RS. 10 EACH AGGREGATING UP TO RS. 4,316.93 LAKHS BY OUR COMPANY (THE "FRESH OFFER") AND OFFER FOR SALE OF UP TO 12,25,600 EQUITY SHARES (THE "OFFERED SHARES") AGGREGATING UP TO RS. 1,078.53 LAKHS COMPRISING OFFER FOR SALE OF 3,06,400 EQUITY SHARES BY HEMAL BABUBHAI BORSADIYA, 3,06,400 EQUITY SHARES BY RAHUL KISHORBHAI SHERADIA, 3,06,400 EQUITY SHARES BY BORSADIYA BINITA HEMALBHAI AND 3,06,400 EQUITY SHARES BY SHERADIA PARTH DAMJIBHAI (COLLECTIVELY "PROMOTER SELLING SHAREHOLDERS", AND SUCH EQUITY SHARES OFFERED BY THE PROMOTER SELLING SHAREHOLDERS, THE "OFFERED SHARES") (SUCH OFFER FOR SALE BY PROMOTER SELLING SHAREHOLDERS, THE "OFFER FOR SALE" AND TOGETHER WITH THE FRESH OFFER, "THE OFFER").
THE OFFER INCLUDES UP TO 3,10,400 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH AT AN OFFER PRICE OF RS. 88 PER EQUITY SHARE FOR CASH, AGGREGATING RS. 273.15 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE OFFER (THE "MARKET MAKER RESERVATION PORTION"). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. OFFER OF UPTO 58,20,800 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH, AT AN OFFER PRICE OF RS. 88 PER EQUITY SHARE FOR CASH, AGGREGATING UP TO RS. 5,122.30 LAKHS IS HEREINAFTER REFFERED TO AS THE "NET OFFER". THE OFFER AND NET OFFER WILL CONSTITUTE 27.00% AND 25.63% RESPECTIVELY OF THE POST-ISSUE PAID UP CAPITAL OF THE COMPANY.
| THE FACE VALUE OF THE EQUITY SHARE IS RS.10 EACH AND THE OFFER PRICE IS RS. 88.00/- PER EQUITY SHARE. |
| ANCHOR INVESTOR ISSUE PRICE: RS. 88.00/- PER EQUITY SHARE THE OFFER PRICE IS 8.8 TIMES THE FACE VALUE OF THE EQUITY SHARES |
| BID / ISSUE PERIOD | ANCHOR INVESTOR BIDDING DATE WAS: TUESDAY, JULY 28, 2026 |
| ISSUE OPENED ON: WEDNESDAY, JULY 29, 2026 | ISSUE CLOSED ON: FRIDAY, JULY 31, 2026 |
| RISK TO INVESTORS |
1. Top 5 Risks:
i. There is change in statutory auditor from the filing of DRHP. The Company has appointed new statutory auditor. The cessation was not on account of any disagreement with the Company relating to the financial statements, accounting policies, auditing procedures, internal financial controls, management representations or any reportable event under the applicable provisions of the Companies Act, 2013.
ii. There are certain outstanding legal proceeding involving our Company, Group Company, Promoters, Directors and KMP and SMP which may adversely affect our business, financial condition and results of operations.
iii. Our revenue from operations is highly concentrated in one product category and any adverse development affecting such category could materially and adversely affect our business.
iv. Our inability to timely adapt to changing consumer preferences, spending patterns, or hygiene and personal care trends may reduce demand for our products, adversely affecting our business, results of operations, financial condition, and cash flows.
v. Our brands and reputation constitute critical assets of our Company and any deterioration in them could materially and adversely affect our business, financial condition, cash flows and results of operations.
For details refer to Chapter titled 'Risk Factors' beginning on page 21 of the Prospectus.
2. The average cost of acquisition of Equity Shares held by our Promoters and Promoter Selling Shareholders is as follows:
| Sr. No. | Name of the Promoters | No. of Equity Shares held | Average cost of Acquisition per Equity Share (in Rs.)* |
| 1. | Hemalbhai Babubhai Borsadiya | 45,93,750 | 1.14 |
| 2. | Rahul Kishorbhai Sheradia | 22,96,875 | 2.05 |
| 3. | Sheradia Parth Damjibhai | 22,96,875 | 1.14 |
| 4. | Borsadiya Binita Hemalbhai | 30,62,500 | 1.14 |
* As certified by Savjani & Associates, statutory auditors, vide their certificate dated July 31,2026
3. Weighted Average Cost of Acquisition
| Types of transactions | Weighted average cost of acquisition (Rs. per Equity Share) | Issue Price (Rs. 88.00/-) Times of the Weighted average cost of acquisition |
| Weighted average cost of acquisition of primary issuances | NA ^ | NA ^ |
| Weighted average cost of acquisition for secondary transactions | NA ^^ | NA ^^ |
| Weighted average cost of acquisition for the last five primary transactions in Equity Shares not older than 3 years prior to the date of the Prospectus irrespective of the size of the transactions. | 165.00 | 0.53 |
| Weighted average cost of acquisition for the last five secondary transactions in Equity Shares (secondary transactions where the Promoter/ Promoter Group entities or Shareholders having the right to nominate director on the Board are a party to the transaction) not older than 3 years prior to the date of filing of the Prospectus irrespective of the size of the transactions. | NIL | NA |
^ There were no primary / new issue of shares (equity/convertible securities).
^^ There were no secondary sales / acquisition of shares (equity/ convertible securities) transactions in last 18 months from the date of the Prospectus.
As certified by Savjani & Associates, statutory auditors, vide their certificate dated July 31,2026 4. The Merchant Banker associated with the Issue has handled following public issues in the past three financial years which were closed below the issue price on the listing date.
| Particulars | Numbers of issues/Offer Handled | Issue closed below issue price on listing date |
| SME | 11 | 0 |
| PROPOSED LISTING: WEDNESDAY, AUGUST 05, 2026 |
This Issue is being made in terms of Rule 19(2)(b) of the SCRR, through the Book Building Process in accordance with Regulation 253 of the SEBI ICDR Regulations wherein not more than 50.00% of the Offer shall be allocated on a proportionate basis to QIBs, allocate up to 60% of the QIB Portion to Anchor Investors and forty per cent of the anchor investor portion, shall be reserved as under - (i) 33.33 per cent for domestic mutual funds; and (ii) 6.67 per cent for life insurance companies and pension funds: Any under-subscription in the reserved category specified in clause (ii) above may be allocated to domestic mutual funds., subject to valid Bid received from Mutual Funds at or above the Anchor Investor Allocation Price on a discretionary basis in accordance with the SEBI ICDR Regulations. Further, 5.00% of the QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, and spill-over from the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15.00% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35.00% of the Issue shall be available for allocation to Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. Under-subscription, if any, in any category, except in the QIB Portion, would be allowed to be met with spill over from any other category or combination of categories of Bidders at the discretion of our Company, in consultation with the BRLM and the Designated Stock Exchange subject to receipt of valid Bids received at or above the Offer Price. Under- subscription, if any, in the QIB Portion, would not be allowed to be met with spill-over from any other category or a combination of categories. For details, see "Offer Procedure" beginning on page 292 of the Prospectus. The investors are advised to refer to the prospectus for the full text of the Disclaimer clause pertaining to BSE. For the purpose of this Issue, the Designated Stock Exchange will be BSE Limited ("BSE"). The trading is proposed to commence on Wednesday, August 05, 2026*.
*Subject to the listing and trading approval from the SME Platform of BSE Limited.
| DETAILS OF APPLICATIONS |
The Net offer has received 5,554 valid applications for 2,79,63,200 Equity Shares resulting in 6.29 times subscription. The details of the applications received in the Net Issue (After removing multiple and duplicate bids, bids (UPI Mandates) not accepted by investors/ blocked, bids rejected under application banked but bid not registered and valid rejections cases from the 'Bid Book') are as follows:
Detail of the Valid Applications Received
| Sr. No. | Category | No. of Applications | No. of Equity Shares Applied | Equity Shares Reserved as per Prospectus | No. of Times Subscribed | Amount (Rs.) |
| 1 | Market Maker | 1 | 310400 | 310400 | 1.00 | 27315200.00 |
| 2 | Individual Investors | 4332 | 13862400 | 2038400 | 6.80 | 1219891200.00 |
| 3 | NII 1 | 649 | 3147200 | 291200 | 10.81 | 276953600.00 |
| 4 | NII 2 | 563 | 7217600 | 582400 | 12.39 | 635148800.00 |
| 5 | QIB (excluding Anchor Portion) | 9 | 3425600 | 1222400 | 2.80 | 301452800.00 |
| Total | 5554 | 27963200 | 4444800 | 6.29 | 2460761600.00 |
The Basis of allotment was finalized in consultation with the Designated Stock Exchange, being BSE Limited (SME Platform of BSE Limited) on Monday, August 03, 2026 and in view of the explanation provided under regulations 253 (2) of the SEBI (ICDR) Regulation, 2018,
1. Allocation to Individual Investors (After Rejections): The Basis of Allotment to the Individual Investors, who have bid at or above the Offer Price of Rs. 88.00/- per equity shares, was finalized in consultation with BSE. The category was subscribed by 6.80 times i.e. for 1,38,62,400 Equity Shares. Total number of shares allotted in this category is 20,38,400 Equity Shares to 637 successful applicants. The category wise details of the Basis of Allotment as under:
| Sr. No | No. of Shares Applied for (Category wise) | No. Of Applications received | % to total | Total No. of Equity Shares applied in this Category | % to total | Proportionate Shares Available | Allocation per Applicant | Ration of Allottee's to applicants | Number of successful applicants (after rounding) | % to total | Total No. of shares allocated/ allotted | % to total | Surplus/ Deficit | ||
| Before Rounding off | After Rounding Off | ||||||||||||||
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (12) | (13) | (14) | (15) | (16) | |
| 1 | 3200 | 4332 | 100 | 13862400 | 100 | 2038400 | 470.54 | 3200 | 637 | 4332 | 637 | 100 | 2038400 | 100 | 0 |
2. Allocation to Non-Institutional Investors 1 (After Rejections): The Basis of Allotment to Non-Institutional Investors 1, who have bid at Offer Price of Rs. 88.00/- per equity shares or above, was finalized in consultation with BSE. The category was subscribed by 10.81 times i.e.; for 31,47,200 Equity Shares. The total number of shares allotted in this category is 2,91,200 Equity Shares to 60 successful applicants. The category wise details of the Basis of Allotment are as under:
| Sr. No | No. of Shares Applied for (Category wise) | No. Of Applications received | % to total | Total No. of Equity Shares applied in this Category | % to total | Proportionate Shares Available | Allocation per Applicant | Ratio | Number of successful applicants (after rounding) | % to total | Total No. of shares allocated/allotted | % to total | Surplus/ Deficit | ||
| Before Rounding off | After Rounding Off | ||||||||||||||
| 1 | 4800 | 641 | 98.77 | 3076800 | 97.76 | 287610 | 448.69 | 4800 | 59 | 641 | 59 | 98.33 | 283200 | 97.25 | -4410 |
| 2 | 6400 | 1 | 0.15 | 6400 | 0.20 | 449 | 448.69 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0.00 | -449 |
| 3 | 8000 | 2 | 0.31 | 16000 | 0.51 | 897 | 448.69 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0.00 | -897 |
| 4 | 9600 | 5 | 0.77 | 48000 | 1.53 | 2243 | 448.69 | 8000 | 1 | 5 | 1 | 1.67 | 8000 | 2.75 | 5757 |
| Total | 649 | 100.00 | 3147200 | 100.00 | 291200 | 60 | 100.00 | 291200.00 | 100.00 | 0.00 | |||||
3. Allocation to Non-Institutional Investors 2 (After Rejections): The Basis of Allotment to Non-Institutional Investors 2, who have bid at Offer Price of Rs. 88.00/- per equity shares or above, was finalized in consultation with BSE. The category was subscribed by 12.39 times i.e.; for 72,17,600 Equity Shares. The total number of shares allotted in this category is 5,82,400 Equity Shares to 121 successful applicants. The category wise details of the Basis of Allotment are as under:
| Sr. No | No. of Shares Applied for (Category wise) | No. Of Applications received | % to total | Total No. of Equity Shares applied in this Category | % to total | Proportionate Shares Available | Allocation per Applicant | Ratio | Number of successful applicants (after rounding) | % to total | Total No. of shares allocated/allotted | % to total | Surplus/ Deficit | ||
| Before Rounding off | After Rounding Off | ||||||||||||||
| 1 | 12800 | 556 | 98.76 | 7116800 | 98.60 | 575159 | 1034.46 | 4800 | 120 | 556 | 120 | 99.17 | 576000 | 98.90 | 841 |
| 2 | 14400 | 7 | 1.24 | 100800 | 1.40 | 7241 | 1034.46 | 6400 | 1 | 7 | 1 | 0.83 | 6400 | 1.10 | -841 |
| Total | 563 | 100.00 | 7217600 | 100.00 | 582400 | 121 | 100.00 | 582400 | 100.00 | 0.00 | |||||
4. Allocation to QIBs excluding Anchor Investors (After Rejections): The Basis of Allotment to QIBs, who have bid at Offer Price of Rs. 88.00/- per Equity Shares or above, was finalized in consultation with BSE. The category was subscribed by 2.80 times i.e. for 34,25,600 Equity shares. The total number of shares allotted in this category is 12,22,400 Equity Shares to 9 successful applicants. The category wise details of the Basis of Allotment are as under:
| Category | FIs/Banks | MF'S | IC'S | NBFC'S | AIF | FPI/FII | Others | Total |
| Allotment | - | - | - | - | 2,36,800 | 9,85,600 | - | 12,22,400 |
5. Allocation to Anchor Investors (After Rejections): The Company in consultation with the BRLM has allotted 16,86,400 Equity Shares to 7 Anchor Investors at Anchor Investor Offer Price of Rs. 88.00/- per Equity Shares in accordance with the SEBI ICDR Regulations. The category wise details of the Basis of Allotment are as under:
| Category | FIs/Banks | MF'S | IC'S | NBFC'S | AIF | FPI/FII | Others | Total |
| Allotment | - | - | - | 1,16,800 | 4,54,400 | 8,88,000 | 2,27,200 | 16,86,400 |
6. Allocation to Market Maker (After Rejections): The Basis of Allotment to Market Maker who have bid at Offer Price of Rs. 88.00/- per Equity Shares or above, was finalized in consultation with BSE. The category was subscribed by 1.00 time i.e.; for 3,10,400 Equity shares. The total number of shares allotted in this category is 3,10,400 Equity Shares. The category wise details of the Basis of Allotment are as under:
| No. of Shares Applied for (Category wise) | No. of Applications received | % to total | Total No. of Equity Shares applied in this Category | % of total | No. of Equity Shares allocated/ allotted per Applicant | Ratio | Total Number of shares allotted | Surplus/Deficit |
| 3,10,400 | 1 | 100.00 | 3,10,400 | 100.00 | 3,10,400 | 1:1 | 3,10,400 | 0 |
| TOTAL | 1 | 100.00 | 3,10,400 | 100.00 | 3,10,400 | 0 |
The Board of Directors of our Company at its meeting held on Monday, August 03, 2026 has taken on record the basis of allotment of Equity Shares approved by the designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation will be dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been dispatched / mailed for unblocking of funds and transfer to the Public Issue Account on or before Tuesday, August 04, 2026. In case the same is not received within four working days, Investors may contact the Registrar to the Issue at the address given below. The Equity Shares allotted to the successful allottees shall be uploaded on Tuesday, August 04, 2026 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is in the process of obtaining the listing and trading approval from BSE and the trading of the Equity Shares is expected to commence trading on Wednesday, August 05, 2026.
Note: All Capitalized terms used and not defined herein shall have respective meanings assigned to them in the prospectus dated July 31, 2026 filed with Registrar of Company (RoC), Ahmedabad at Gujarat.
| INVESTORS PLEASE NOTE |
Allotment details are available on the website of the Registrar to the Issue, Purva Sharegistry (India) Private Limited, at www.purvashare.com. For future correspondence, please quote your full name, ASBA form serial number, number of shares bid, DP ID, Client ID, PAN, submission date, address, designated intermediary details, acknowledgment slip, and payment details to the address below:
| Purva Sharegistry (India) Private Limited |
| Address: Unit No. 9, Ground Floor, Shiv Shakti Industrial Estate, J. R. Boricha Marg, Lower Parel (E), Mumbai - 400011, Maharashtra, India |
| Contact Person: Deepali Dhuri |
| Tel: +91 22 4961 4132 / 3522 0056 |
| Email: newissue@purvashare.com |
| Investor grievance e-mail: support@purvashare.com |
| Website: www.purvashare.com |
| SEBI registration number: INR000001112 |
| Place: Mumbai | For and on behalf of Board of Directors |
| Date: August 04, 2026 | H.R. Hygiene Products Limited |
| Sd/- | |
| Hemal Babubhai Borsadiya | |
| Chairman & Managing Director |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF H.R. HYGIEN PRODUCTS LIMITED.
Disclaimer: H.R. Hygiene Products Limited is proposing, subject to market conditions, public issue of its equity shares and had filed the Prospectus with the Registrar of Companies, Ahmedabad at Gujarat. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Book Running Lead Manager at www.ib.marwadichandaranagroup.com, website of the BSE at www.bseindia.com and website of Issuer Company at www.hrhygiene.com Investors should note that investment in Equity Shares involves a high degree of risk. For details, investors shall refer to and rely on the Prospectus including the section titled "Risk Factors" beginning on page 21 of the Prospectus, which has been filed with ROC. The Equity Shares have not and will not be registered under the US Securities Act (the "Securities Act") or any state securities law in United States and may not be Issued or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined in the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.
|
|