SME
    listed

    Himalaya Nutravedics India IPO

    Updated 31 Oct 2026, 1:45 pm.

    Open Demat Account
    GMP disclaimer: GMP is unofficial and unregulated. It is not a recommendation or a reliable estimate of listing price or returns. Consider the RHP and your own risk assessment before applying.

    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.

    1. Allotment finalised25 Sept 2026(done)
    2. Refunds start28 Sept 2026(done)
    3. Shares credited to demat28 Sept 2026(done)
    4. Listing29 Sept 2026(done)

    GMP history

    Each point is a recorded observation from the scheduled data sync.

    ObservedGMPEst. 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.

    Subscription by category

    As of 24 Sept 2026, 6:54 pm.

    Total subscription

    2.33x

    Qualified Institutional1.00×
    Non Institutional3.58×
    Retail Individual2.56×

    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 Date22 to 24 Sep, 2026
    Listing DateTue, Sep 29, 2026 (tentative)
    Face Value₹ 10 per share
    Price Band₹100 to ₹106
    Issue Price₹106 per share
    Lot Size1,200 Shares
    Sale TypeFresh capital only
    Issue TypeBookbuilding IPO
    Listing AtBSE SME
    Total Issue Size24,99,600 shares (agg. up to ₹ 26 Cr)
    Reserved for Market Maker1,26,000 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 Public23,73,600 shares (agg. up to ₹ 25 Cr)
    Share Holding Pre Issue63,06,720 shares
    Share Holding Post Issue88,06,320 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%
    Issue Reservation: Share of the issue reserved for each investor category. Figures as published in the table below.
    Investor CategoryShares% of Net Issue% of Total Issue
    QIB11,84,40049.90%47.38%
    - Anchor Investor7,10,400—28.42%
    - QIB (Ex. Anchor)4,74,000—18.96%
    NII (HNI)3,56,40015.02%14.26%
    - bNII > ₹10L2,37,600—9.51%
    - sNII < ₹10L1,18,800—4.75%
    Retail8,32,80035.09%33.32%
    Firm Reservations
    Market Maker1,26,000—5.04%
    Total24,99,600100.00%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

    Individual investors (IND) (Min)₹2,54,400
    Individual investors (IND) (Max)₹2,54,400
    S-HNI (Min)₹3,81,600
    S-HNI (Max)₹8,90,400
    B-HNI (Min)₹10,17,600
    IPO Lot Size: What an application costs at the upper price band, by category. Figures as published in the table below.
    ApplicationLotsSharesAmount
    Individual investors (IND) (Min)22,400₹2,54,400
    Individual investors (IND) (Max)22,400₹2,54,400
    S-HNI (Min)33,600₹3,81,600
    S-HNI (Max)78,400₹8,90,400
    B-HNI (Min)89,600₹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 DateMon, Sep 21, 2026
    Shares Offered7,10,400
    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

    31 Mar 202414.43
    31 Mar 202521.00
    31 Mar 202643.12

    Profit After Tax

    31 Mar 20240.43
    31 Mar 20252.23
    31 Mar 20267.39

    EBITDA

    31 Mar 20240.94
    31 Mar 20252.99
    31 Mar 20268.10

    NET Worth

    31 Mar 20241.34
    31 Mar 20256.75
    31 Mar 202616.38
    Company Financials (Restated Consolidated): Each line is scaled to its own largest period, ₹ crore - compare periods within a line, not one line against another. Figures as published in the table below.
    Period Ended31 Mar 202631 Mar 202531 Mar 2024
    Assets24.4210.826.09
    Total Income43.1221.0014.43
    Profit After Tax7.392.230.43
    EBITDA8.102.990.94
    NET Worth16.386.751.34
    Reserves and Surplus10.072.760.53
    Total Borrowing5.131.763.24
    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.

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    IPO Objects of the Issue

    Funding Working Capital Requirements13.75
    Business Development and Digital Marketing Activities7.50
    IPO Objects of the Issue: What the proceeds are earmarked for (₹ Cr.). Figures as published in the table below.
    #Issue ObjectsEst Amt (₹ Cr.)
    1Funding Working Capital Requirements13.75
    2Business Development and Digital Marketing Activities7.50
    3General Corporate Purposes—
    Total21.25

    The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

    Key Performance Indicator (KPI)

    KPIMar 31, 2026
    ROE63.87%
    ROCE36.41%
    Debt/Equity0.31
    RoNW45.12%
    PAT Margin17.16%
    EBITDA Margin18.82%
    NAV26.70
    Price to Book Value3.97

    Check IPO Peer Comparison here.

    IPO Valuation

    Valuation MetricPre IPOPost IPO
    EPS (₹)11.728.39
    P/E (x)9.0412.63
    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%
    Shareholding Structure: Who holds the company before and after the issue. Figures as published in the table below.
    CategoryPre IPOPost IPO
    Promoter and Promoter Group95.14%68.13%
    Public4.86%31.87%
    Total100%100%

    Company Promoters: Rohit Asawa, Divya Asawa, Chanda Asawa and Rama Raju Penmatsa.

    Himalaya Nutravedics IPO Recommendations

    Review BySubscribeMay ApplyNeutralAvoid
    Brokers0000
    Members0000

    IPO Subscription Status

    CategorySubscription (x)Shares OfferedShares bid forTotal Applications
    QIB (Ex Anchor)1.004,74,0004,74,0000
    NII *3.583,56,40012,74,4000
    bNII (> ₹10L)3.842,37,6009,13,200—
    sNII (< ₹10L)3.041,18,8003,61,200—
    Individual Investor2.568,32,80021,33,6000
    Total2.3316,63,20038,82,0001,039

    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

    FAQ

    Himalaya Nutravedics India: common questions

    Answered from this issue's own record.

    The Himalaya Nutravedics India SME IPO is priced at ₹106 per share, for an issue size of ₹25.16 crore.

    The issue opens on 22 Sept 2026 and closes on 24 Sept 2026, with listing expected on 29 Sept 2026.

    One lot is 1200 shares, and applications must be in multiples of a lot. At the upper band that is ₹1,27,200 for one lot.

    Latest recorded subscription: QIB 1x, NII 3.58x, retail 2.56x (as of 31 Oct 2026).