Himalaya Nutravedics India IPO
Updated 31 Oct 2026, 1:45 pm.
Minimum investment (Individual investors (IND))
₹2,54,400
2 lots · 2,400 shares at the upper price band
Price band
₹106
Latest GMP
₹0
0.0% of the ₹106 upper band
Est. listing price
₹106
Issue size
₹25.16 Cr
Allotment status
Check it on the registrar's page or either exchange with your PAN or application number.
- Allotment finalised25 Sept 2026(done)
- Refunds start28 Sept 2026(done)
- Shares credited to demat28 Sept 2026(done)
- Listing29 Sept 2026(done)
GMP history
Each point is a recorded observation from the scheduled data sync.
| Observed | GMP | Est. listing price |
|---|---|---|
| 29 Sept 2026, 1:50 pm | ₹0 | ₹106 |
| 29 Sept 2026, 1:45 pm | ₹0 | ₹106 |
| 29 Sept 2026, 8:50 am | ₹0 | ₹106 |
| 29 Sept 2026, 8:45 am | ₹0 | ₹106 |
| 28 Sept 2026, 6:50 pm | ₹0 | ₹106 |
| 28 Sept 2026, 6:45 pm | ₹0 | ₹106 |
| 28 Sept 2026, 1:50 pm | ₹0 | ₹106 |
| 28 Sept 2026, 1:45 pm | ₹0 | ₹106 |
| 28 Sept 2026, 8:50 am | ₹0 | ₹106 |
| 28 Sept 2026, 8:45 am | ₹0 | ₹106 |
| 26 Sept 2026, 6:50 pm | ₹0 | ₹106 |
| 26 Sept 2026, 6:45 pm | ₹0 | ₹106 |
| 26 Sept 2026, 1:50 pm | ₹0 | ₹106 |
| 26 Sept 2026, 1:45 pm | ₹0 | ₹106 |
| 26 Sept 2026, 8:50 am | ₹0 | ₹106 |
| 26 Sept 2026, 8:45 am | ₹0 | ₹106 |
| 25 Sept 2026, 6:50 pm | ₹0 | ₹106 |
| 25 Sept 2026, 6:45 pm | ₹0 | ₹106 |
| 25 Sept 2026, 1:45 pm | ₹0 | ₹106 |
| 25 Sept 2026, 8:50 am | ₹0 | ₹106 |
| 25 Sept 2026, 8:45 am | ₹0 | ₹106 |
| 24 Sept 2026, 6:50 pm | ₹0 | ₹106 |
| 24 Sept 2026, 6:45 pm | ₹0 | ₹106 |
| 24 Sept 2026, 1:50 pm | ₹0 | ₹106 |
| 24 Sept 2026, 1:45 pm | ₹0 | ₹106 |
| 24 Sept 2026, 8:50 am | ₹0 | ₹106 |
| 24 Sept 2026, 8:45 am | ₹0 | ₹106 |
| 23 Sept 2026, 6:50 pm | ₹0 | ₹106 |
| 23 Sept 2026, 6:45 pm | ₹0 | ₹106 |
| 23 Sept 2026, 1:50 pm | ₹0 | ₹106 |
| 23 Sept 2026, 1:45 pm | ₹0 | ₹106 |
| 23 Sept 2026, 8:50 am | ₹0 | ₹106 |
| 23 Sept 2026, 8:45 am | ₹0 | ₹106 |
| 22 Sept 2026, 6:50 pm | ₹0 | ₹106 |
| 22 Sept 2026, 6:45 pm | ₹0 | ₹106 |
| 22 Sept 2026, 1:50 pm | ₹0 | ₹106 |
| 22 Sept 2026, 1:45 pm | ₹0 | ₹106 |
| 22 Sept 2026, 8:50 am | ₹0 | ₹106 |
| 22 Sept 2026, 8:45 am | ₹0 | ₹106 |
| 21 Sept 2026, 6:50 pm | ₹0 | ₹106 |
| 21 Sept 2026, 6:45 pm | ₹0 | ₹106 |
| 21 Sept 2026, 1:50 pm | ₹0 | ₹106 |
| 21 Sept 2026, 1:46 pm | ₹0 | ₹106 |
| 21 Sept 2026, 11:23 am | ₹0 | ₹106 |
| 21 Sept 2026, 8:45 am | ₹0 | ₹106 |
| 19 Sept 2026, 6:45 pm | ₹0 | ₹106 |
| 19 Sept 2026, 1:45 pm | ₹0 | ₹106 |
| 19 Sept 2026, 8:45 am | ₹0 | ₹106 |
| 18 Sept 2026, 6:45 pm | ₹0 | ₹106 |
| 18 Sept 2026, 1:45 pm | ₹0 | ₹106 |
| 18 Sept 2026, 8:45 am | ₹0 | ₹106 |
| 17 Sept 2026, 6:45 pm | ₹0 | ₹106 |
| 17 Sept 2026, 1:45 pm | ₹0 | ₹106 |
| 17 Sept 2026, 8:45 am | ₹0 | ₹0 |
| 16 Sept 2026, 6:45 pm | ₹0 | ₹0 |
| 16 Sept 2026, 1:45 pm | ₹0 | ₹0 |
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹106
- Issue size
- ₹25.16 Cr
- Lot size
- 1,200
- Opens
- 22 Sept 2026
- Closes
- 24 Sept 2026
- Allotment
- 25 Sept 2026
- Listing
- 29 Sept 2026
- Est. listing price
- ₹106
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Kfin Technologies Ltd.
- Minimum investment
- ₹2,54,400 (2 lots · 2,400 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Fresh issue
- ₹26 Cr
- Listing at
- BSE SME
- Refunds
- 28 Sept 2026
- Shares credited
- 28 Sept 2026
- Promoter holding
- 95.14% before · 68.13% after
- Lead managers
- Nirbhay Capital Services Pvt.Ltd.
Offer documents & links
Subscription by category
As of 24 Sept 2026, 6:54 pm.
Total subscription
2.33x
Full issue details
Details as published for this issue, read 28 Sept 2026, 2:05 pm. Verify against the RHP before applying.
IPO Details
| IPO Date | 22 to 24 Sep, 2026 |
|---|---|
| Listing Date | Tue, Sep 29, 2026 (tentative) |
| Face Value | ₹ 10 per share |
| Price Band | ₹100 to ₹106 |
| Issue Price | ₹106 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 24,99,600 shares (agg. up to ₹ 26 Cr) |
|---|---|
| Reserved for Market Maker | 1,26,000 shares (agg. up to ₹ 1 Cr) Allwin Securities Ltd. |
| Fresh Issue (Ex Market Maker) | 23,73,600 shares (agg. up to ₹ 25 Cr) |
| Net Offered to Public | 23,73,600 shares (agg. up to ₹ 25 Cr) |
| Share Holding Pre Issue | 63,06,720 shares |
| Share Holding Post Issue | 88,06,320 shares |
IPO Timetable (Tentative)
- IPO Open
- Tue, Sep 22, 2026
- IPO Close
- Thu, Sep 24, 2026
- Allotment
- Fri, Sep 25, 2026
- Refund
- Mon, Sep 28, 2026
- Credit of Shares
- Mon, Sep 28, 2026
- Listing
- Tue, Sep 29, 2026
Issue Reservation
- QIB47.38%
- NII (HNI)14.26%
- Retail33.32%
- Market Maker5.04%
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 11,84,400 | 49.90% | 47.38% |
| - Anchor Investor | 7,10,400 | — | 28.42% |
| - QIB (Ex. Anchor) | 4,74,000 | — | 18.96% |
| NII (HNI) | 3,56,400 | 15.02% | 14.26% |
| - bNII > ₹10L | 2,37,600 | — | 9.51% |
| - sNII < ₹10L | 1,18,800 | — | 4.75% |
| Retail | 8,32,800 | 35.09% | 33.32% |
| Firm Reservations | |||
| Market Maker | 1,26,000 | — | 5.04% |
| Total | 24,99,600 | 100.00% | 100.00% |
Himalaya Nutravedics IPO comprises a total issue size of 24,99,600 shares. The net offer to the public is 23,73,600 shares, after excluding 1,26,000 shares allotted on a firm basis. Of the Net offer 11,84,400 (49.90%) are allocated to QIB , 3,56,400 (15.02%) allocated to NII 8,32,800 (35.09%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2,400 | ₹2,54,400 |
| Individual investors (IND) (Max) | 2 | 2,400 | ₹2,54,400 |
| S-HNI (Min) | 3 | 3,600 | ₹3,81,600 |
| S-HNI (Max) | 7 | 8,400 | ₹8,90,400 |
| B-HNI (Min) | 8 | 9,600 | ₹10,17,600 |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
IPO Anchor Investors
| Bid Date | Mon, Sep 21, 2026 |
|---|---|
| Shares Offered | 7,10,400 |
| Anchor Portion (₹ Cr.) | 7.53 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Oct 25, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Dec 24, 2026 |
Himalaya Nutravedics IPO raises ₹ 7.53 crore from anchor investors . Himalaya Nutravedics IPO Anchor bid date is September 21, 2026 .
📝 Anchor Investors Letter (PDF)
About Himalaya Nutravedics India Ltd.
Incorporated in June 2022, Himalaya Nutravedics India Limited is engaged in the manufacturing, marketing and distribution of Ayurvedic and nutraceutical formulations in India and also undertakes third-party contract manufacturing for other Ayurvedic and nutraceutical companies. The Company manufactures a diversified portfolio comprising classical (Shastric) Ayurvedic formulations, proprietary Ayurvedic formulations and nutraceutical supplements. Its products are available in multiple dosage forms, including soft gelatin capsules, hard gelatin capsules, tablets, liquid orals and medicated oils. The products cater to therapeutic and wellness areas such as gut health, cardiac and metabolic wellness, diabetes management, pain management, immunity, women's wellness and general wellness.
Himalaya Nutravedics operates through a hybrid business model comprising its own branded products and third-party contract manufacturing. Under its own-brand business, the Company develops, manufactures and markets Ayurvedic and nutraceutical products, while its third-party manufacturing business provides formulation, manufacturing, packaging and dispatch services based on client specifications. As of March 31, 2026, its own-brand business contributed approximately ₹2,202.54 lakh, representing about 51.14% of total revenue.
The Company operates an integrated manufacturing facility in Hyderabad, Telangana, where formulation, production, quality control, packaging and finished-goods release are carried out internally. The facility is compliant with WHO-GMP standards and holds registrations and licences from AYUSH and FSSAI, along with certifications including ISO 9001:2015, ISO 22000:2018, HACCP, HALAL and KOSHER.
As of July 31, 2026, the Company had 86 full-time employees across marketing, factory, finance, quality, compliance and administration functions.
Competitive Strengths
Geographic expansion across India.
Long-standing supplier and customer relationships.
Integrated multi-dosage manufacturing capabilities.
Doctor acceptance supported by product performance.
Broad therapeutic coverage across Ayurvedic and nutraceutical segments
Company Financials (Restated Consolidated)
Total Income
Profit After Tax
EBITDA
NET Worth
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 24.42 | 10.82 | 6.09 |
| Total Income | 43.12 | 21.00 | 14.43 |
| Profit After Tax | 7.39 | 2.23 | 0.43 |
| EBITDA | 8.10 | 2.99 | 0.94 |
| NET Worth | 16.38 | 6.75 | 1.34 |
| Reserves and Surplus | 10.07 | 2.76 | 0.53 |
| Total Borrowing | 5.13 | 1.76 | 3.24 |
| Amount in ₹ Crore |
Himalaya Nutravedics India Ltd.'s revenue increased by 105% and profit after tax (PAT) rose by 231% between the financial year ending with March 31, 2026 and March 31, 2025.
Recently Listed IPOs in Pharmaceuticals
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Bio Medica Laboratories Ltd. | SME | ₹52.43 Cr | ₹139 | 13.03 | ₹115.80 | -16.69% | ₹164.50 |
| Goldline Pharmaceutical Ltd. | SME | ₹11.61 Cr | ₹43 | 10.47 | ₹56.77 | +32.02% | ₹32.49 |
| Speciality Medicines Ltd. | SME | ₹29.14 Cr | ₹124 | 9.27 | ₹125.90 | +1.53% | ₹162.20 |
| Accretion Nutraveda Ltd. | SME | ₹24.77 Cr | ₹129 | 26.27 | ₹191.20 | +48.22% | ₹271.75 |
| KRM Ayurveda Ltd. | SME | ₹77.49 Cr | ₹135 | 17.32 | ₹180.70 | +33.85% | ₹298.70 |
| Curis Lifesciences Ltd. | SME | ₹27.52 Cr | ₹128 | 12.44 | ₹141.00 | +10.16% | ₹223.65 |
| Aptus Pharma Ltd. | SME | ₹13.02 Cr | ₹70 | 11.29 | ₹84.84 | +21.20% | ₹347.00 |
| Symbiotec Pharmalab Ltd. | Mainboard | ₹1,757.00 Cr | ₹988 | 55.44 | ₹1,097.70 | +11.10% | ₹1,003.35 |
| Hexagon Nutrition Ltd. | Mainboard | ₹138.87 Cr | ₹45 | 22.69 | ₹53.19 | +18.20% | ₹65.10 |
| Sai Parenteral's Ltd. | Mainboard | ₹408.79 Cr | ₹392 | 72.19 | ₹405.70 | +3.49% | ₹503.95 |
| Corona Remedies Ltd. | Mainboard | ₹655.37 Cr | ₹1062 | 43.47 | ₹1,438.40 | +35.44% | ₹2,117.70 |
| Rubicon Research Ltd. | Mainboard | ₹1,377.50 Cr | ₹485 | 55.75 | ₹628.20 | +29.53% | ₹1,676.30 |
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital Requirements | 13.75 |
| 2 | Business Development and Digital Marketing Activities | 7.50 |
| 3 | General Corporate Purposes | — |
| Total | 21.25 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 63.87% |
| ROCE | 36.41% |
| Debt/Equity | 0.31 |
| RoNW | 45.12% |
| PAT Margin | 17.16% |
| EBITDA Margin | 18.82% |
| NAV | 26.70 |
| Price to Book Value | 3.97 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 11.72 | 8.39 |
| P/E (x) | 9.04 | 12.63 |
| Market Cap at Offer Price | ₹66.85 Cr. | ₹93.35 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
Pre IPO
- Promoter and Promoter Group95.14%
- Public4.86%
Post IPO
- Promoter and Promoter Group68.13%
- Public31.87%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 95.14% | 68.13% |
| Public | 4.86% | 31.87% |
| Total | 100% | 100% |
Company Promoters: Rohit Asawa, Divya Asawa, Chanda Asawa and Rama Raju Penmatsa.
Himalaya Nutravedics IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.00 | 4,74,000 | 4,74,000 | 0 |
| NII * | 3.58 | 3,56,400 | 12,74,400 | 0 |
| bNII (> ₹10L) | 3.84 | 2,37,600 | 9,13,200 | — |
| sNII (< ₹10L) | 3.04 | 1,18,800 | 3,61,200 | — |
| Individual Investor | 2.56 | 8,32,800 | 21,33,600 | 0 |
| Total | 2.33 | 16,63,200 | 38,82,000 | 1,039 |
The Himalaya Nutravedics IPO is subscribed 2.33 times on September 24, 2026 6:54:56 PM (Day 3). The public issue subscribed 2.56 times in the individual investors category, 1.00 times in the QIB category, and 3.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
Reload
Total Applications: 1,039
*Market Maker portion is not included to NII/HNI.
IPO Registrar
Kfin Technologies Ltd.
040-79615565
himalaya.ipo@kfintech.com
IPO Lead Manager(s)
Nirbhay Capital Services Pvt.Ltd.
Contact Details
Himalaya Nutravedics India Ltd. Address
Plot No. 101/A, Phase-III
Industrial Development Park
Cherlapally, Hindustan Cables Ltd, Uppal
Hyderabad, Telangana , 500051
+91-9063498493
info@himalayanutravedics.com
Himalaya Nutravedics India IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Himalaya Nutravedics IPO Day 3: Subscribed 0.57x; QIB demand absent
scanx.trade · 24 Sept 2026
Himalaya Nutravedics IPO Day 3 Subscription Status 24 Sep 2026
Univest · 24 Sept 2026
Himalaya Nutravedics IPO Day 2: Subscribed 0.16x; Retail leads at 0.3x, QIB nil
scanx.trade · 23 Sept 2026
Himalaya Nutravedics IPO Day 2 Subscription Status 23 Sep 2026
Univest · 23 Sept 2026
Himalaya Nutravedics India IPO Day 1 Subscription Status: 0.11x
HDFC Sky · 22 Sept 2026
Himalaya Nutravedics IPO Day 1 Subscription Status 22 Sep 2026
Univest · 22 Sept 2026
Himalaya Nutravedics IPO Day 1: Subscribed 0.11x; Retail demand jumps 220% intraday
scanx.trade · 22 Sept 2026
Himalaya Nutravedics IPO GMP, Price, Allotment, Profit Estimate 2026
IPO Central · 16 Sept 2026
Himalaya Nutravedics India: common questions
Answered from this issue's own record.