Himalaya Nutravedics India Ltd. logo

Himalaya Nutravedics India was incorporated on June 16, 2022. The company manufactures, markets and distributes Ayurvedic and nutraceutical formulations in India and also undertakes third-party contract manufacturing. Its diversified portfolio includes classical and proprietary Ayurvedic formulations and nutraceutical products in capsules, tablets, liquid orals and medicated oils

Bidding Dates
22 Sep 2026 - 24 Sep 2026
Subscription
2.24x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue Price BandPost Issue Promoter Holding %Issue SizeIPO Document
₹240,0002212002.5 M₹100 - ₹10668.13 %₹250.0 M - ₹265.0 MRHP DOC

Himalaya Nutravedics IPO SUBSCRIPTION STATUS

24 Sep '26
Total2.24x
Retail Individual Investor2.56x
HNI (NII) Investors2.9x
Qualified Institutional Buyers1x

Himalaya Nutravedics IPO overall subscription rate was 2.24 times the total available shares

Himalaya Nutravedics IPO retail subscription rate was 2.56 times in the retail segment

Himalaya Nutravedics IPO non-institutional investor subscription rate was 2.9 times in the non-institutional investor category

Himalaya Nutravedics IPO Qualified Institutional Bidder subscription rate was 1 times the available shares for Qualified Institutional Bidder

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation35%15%50%
24 Sep 2026
(Day 3)
2.56x2.9x1x
23 Sep 2026
(Day 2)
0.67x0.36x0x
22 Sep 2026
(Day 1)
0.16x0.1x-

Himalaya Nutravedics FINANCIALS

Period Revenue from Operations (Rs in crore) Net Profit (Rs in crore) Cash Flow from Operations (Rs in crore) Free Cash Flow (Rs in crore) Margins
FY26 43.1 7.4 -3.8 -3.9 18.8%
FY25 21.0 2.2 -1.4 -1.6 14.2%
FY24 14.4 0.4 -0.6 -1.6 6.5%

Himalaya Nutravedics IPO SUBSCRIPTION STATUS DETAILS

Himalaya Nutravedics had 2.5 M shares on offer

Himalaya Nutravedics IPO offer price was in the range ₹100 - ₹106

Himalaya Nutravedics IPO minimum Investment was ₹240000

Himalaya Nutravedics IPO issue size was ₹ 250.0 M - ₹ 265.0 M

Himalaya Nutravedics had a minimum lot size of 1200 Shares per application

Himalaya Nutravedics NUMBER OF SHARES ON OFFER

Total2.5 M
Fresh Issue2.5 M
Offer for Sale0
Post Issue Promoter Holding %68.13 %

Himalaya Nutravedics IPO IMPORTANT DATES

Issue Open Date22 Sep 2026
Issue close Date24 Sep 2026
Allotment Date25 Sep 2026
Refund Date28 Sep 2026
Demat Account Credit Date28 Sep 2026
Listing Date29 Sep 2026
Listing on Exchange(s)BSE
Himalaya Nutravedics Allotment StatusExchange/ Registrar

Himalaya Nutravedics IPO subscription opened on 22 Sep 2026, and closed on 24 Sep 2026

IPO allotment for Himalaya Nutravedics was finalized on Friday, 25 Sep 2026

IPO listing for Himalaya Nutravedics was on BSE on Tuesday, 29 Sep 2026

Himalaya Nutravedics IPO LISTING GAINS

Issue Price (adjusted)106.0
Listing Open Price118.0
Listing Close Price122.9
Listing Gain%11.3%
Current Gain%14.0%

Himalaya Nutravedics Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Himalaya Nutravedics India Ltd.120.8106.414.40.12.545.130.343.1105.47.4231.18.4231.1
Sun Pharmaceutical Industries Ltd.1777.7426529.838.97.96.913.710.660433.810.811479.4545.74.9
Divi's Laboratories Ltd.9780259628.388.83.323.115.312.81106714256817.2110.226.8
Torrent Pharmaceuticals Ltd.4613.4175478.982.6-110.510.125.84.913886.220.32163.413.255.8-0.7
Laurus Labs Ltd.2405.5129972.197116.616.88.46861.322.2888.814824.895.9
Zydus Lifesciences Ltd.1245.5125326.427.8-17.94.418.69.627657.917.6504011.444.9-1.6

Himalaya Nutravedics INFORMATION ON IPO ISSUE

About Himalaya Nutravedics

Himalaya Nutravedics India was incorporated on June 16, 2022. The company manufactures, markets and distributes Ayurvedic and nutraceutical formulations in India and also undertakes third-party contract manufacturing. Its diversified portfolio includes classical and proprietary Ayurvedic formulations and nutraceutical products in capsules, tablets, liquid orals and medicated oils

Object of the Issue

  • Funding working capital requirements
  • Investment in branding, digital marketing and sales expansion
  • General corporate purposes

Himalaya Nutravedics - PROMOTERS

Name
Rohit Asawa
Divya Asawa
Chanda Asawa
Rama Raju Penmatsa

Himalaya Nutravedics - MANAGEMENT & LEADERSHIP

NameDesignation
Rohit AsawaChairman & Managing Director
Divya AsawaNon- Executive Director
Abhisheak DhootIndependent Director
Ramya InalaIndependent Director

Himalaya Nutravedics Book Running Lead Manager

Nirbhay Capital Services Private Limited

kunjal@nirbhaycapital.com

Himalaya Nutravedics Registrar to the Offer

KFin Technologies Limited

himalaya.ipo@kfintech.com

Himalaya Nutravedics Strengths

Integrated manufacturing facility

The company operates an integrated manufacturing facility capable of producing medicated oils, soft and hard gelatin capsules, tablets and liquid orals for Ayurvedic and nutraceutical products. This multi-dosage capability supports faster product launches, diverse customer needs and efficient utilisation of manufacturing infrastructure

Strength

Broad theraupeutic coverage

The company offers Ayurvedic and nutraceutical products across gut health, cardiac and metabolic wellness, diabetes, pain management, immunity, infertility and general wellness. Its portfolio of classical, proprietary Ayurvedic formulations and nutraceutical blends supports diverse healthcare needs and cross-selling across therapeutic areas

Strength

Practitioner-led ayurvedic product adoption

The company’s Ayurvedic and nutraceutical products have gained repeat prescriptions and re-orders through practitioner-focused marketing rather than mass advertising. Its approach uses scientific detailing, clinical data, CME programmes, medical camps and targeted engagement, helping control marketing costs while strengthening practitioner acceptance

Strength

Himalaya Nutravedics Risks

Labour intensive

The company’s labour-intensive operations employ 80 personnel and may face risks from strikes, work stoppages, wage demands or future unionisation. Labour disruptions or rising employee costs could interrupt operations and adversely affect its business, financial performance and financial condition

Risk

Competition

The company operates in a highly competitive Ayurvedic and nutraceutical industry, with established players and moderate-to-high entry barriers. Failure to innovate, differentiate products, strengthen manufacturing capabilities or respond to competitors’ pricing could limit market share, growth and profitability

Risk

Regulatory risks

The company may face higher costs and operational complexity if regulations on sourcing, testing and quality of Ayurvedic and nutraceutical raw materials become more stringent. Failure to adapt to enhanced requirements could lead to manufacturing delays, regulatory action, product recalls, reputational damage and adverse financial impact

Risk

IPO FAQs

  • The promoters of the company are Rohit Asawa, Divya Asawa, Chanda Asawa and Rama Raju Penmatsa.
  • The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
  • The price band of the IPO is Rs 100.0 - 106.0.
  • The IPO application opens on Sep 22, 2026 and closes on Sep 24, 2026.
  • The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
  • For all category investors, the minimum application amount for this IPO is Rs. 240,000.0, the maximum value for this IPO is Rs 254,400.0.
  • This IPO will be allotted on Sep 25, 2026.
  • The refund will be credited to your account on Sep 28, 2026.
  • The allotted shares will be credited to your demat on Sep 28, 2026.
  • Himalaya Nutravedics India Ltd.’s shares listed on the stock exchanges on Sep 29, 2026.