Himalaya Nutravedics IPO Review 2026: Listing Dates, Allotment, GMP & Overview

23 Sep 2026
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Himalaya Nutravedics IPO Review 2026: Listing Dates, Allotment, GMP & Overview

IPO Summary: Himalaya Nutravedics IPO is a ₹26.50 crore fresh issue of up to 24,99,600 shares priced at ₹100-₹106 per share. The IPO opens on September 22 and closes on September 24, 2026. The minimum application is 2,400 shares, requiring ₹2,54,400 at the upper price band. Shares are proposed to list on BSE SME on September 29.

Himalaya Nutravedics IPO Details

IPO Date22 to 24 Sep, 2026
Listing DateTue, Sep 29, 2026 (Tentative)
Face Value₹10 per share
Price Band₹100 to ₹106 per share
Lot Size1,200 shares
Minimum Application2 lots / 2,400 shares
Minimum Retail Investment₹2,54,400 at the upper price band
S-HNI Minimum Investment3 lots / 3,600 shares / ₹3,81,600
Issue Size₹25.00 crore to ₹26.50 crore
Market Cap₹93.35 crore at the upper price band
Issue TypeBook Building
Fresh Issue24,99,600 shares
Offer for SaleNil
Listing AtBSE SME
Lead ManagerNirbhay Capital Services Pvt. Ltd.
RegistrarKFin Technologies Ltd.
Market MakerAllwin Securities Ltd.

Himalaya Nutravedics IPO Issue Size

Total Issue Size24,99,600 shares, aggregating up to ₹26.50 crore
Market Maker Reservation1,26,000 shares, aggregating up to ₹1.34 crore at the upper band
Net Issue to Public23,73,600 shares, aggregating up to ₹25.16 crore at the upper band
Fresh Issue24,99,600 shares
Pre-Issue Shareholding63,06,720 shares
Post-Issue Shareholding88,06,320 shares

Himalaya Nutravedics IPO Timeline

IPO OpenTue, Sep 22, 2026
IPO CloseThu, Sep 24, 2026
AllotmentFri, Sep 25, 2026
RefundMon, Sep 28, 2026
Credit of SharesMon, Sep 28, 2026
ListingTue, Sep 29, 2026

Himalaya Nutravedics IPO Reservation

Qualified Institutional Buyers (QIB)11,84,400 shares
Non-Institutional Investors (NII)3,56,400 shares
Retail Individual Investors (RII)8,32,800 shares
Market Maker1,26,000 shares
Total24,99,600 shares

Himalaya Nutravedics IPO Investment Amount

Retail Minimum2 lots / 2,400 shares / ₹2,54,400
S-HNI Minimum3 lots / 3,600 shares / ₹3,81,600
S-HNI Maximum7 lots / 8,400 shares / ₹8,90,400
B-HNI Minimum8 lots / 9,600 shares / ₹10,17,600

Himalaya Nutravedics IPO Objectives

The company proposes to use the IPO proceeds primarily for working capital, branding and digital marketing, sales expansion and general corporate purposes.

Funding Working Capital Requirements₹13.75 crore
Branding, Digital Marketing and Sales Expansion₹7.50 crore
General Corporate PurposesBalance amount

Refer to RHP for detailed information.

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. The company also undertakes third-party contract manufacturing for Ayurvedic and nutraceutical companies.

Its product portfolio includes classical Ayurvedic formulations, proprietary Ayurvedic formulations and nutraceutical supplements in dosage forms such as soft gelatin capsules, hard gelatin capsules, tablets, liquid orals and medicated oils. Its products address areas including gut health, cardiac and metabolic wellness, diabetes management, pain management, immunity, women's wellness and general wellness.

The company follows a hybrid business model comprising its own branded products and third-party contract manufacturing. As of March 31, 2026, its own-brand business contributed approximately ₹2,202.54 lakh, or 51.14% of total revenue.

Himalaya Nutravedics operates an integrated manufacturing facility in Hyderabad, Telangana. The facility carries out formulation, production, quality control, packaging and finished-goods release and has WHO-GMP compliance along with AYUSH and FSSAI registrations and certifications including ISO 9001:2015, ISO 22000:2018, HACCP, HALAL and KOSHER.

Himalaya Nutravedics Financial Highlights

ParticularsFY24FY25FY26
Revenue₹14.43 Cr₹21.00 Cr₹43.07 Cr
Total Income--₹43.12 Cr
EBITDA--₹7.83 Cr
PAT--₹7.39 Cr

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.

Key Risks

  • The company operates from a single manufacturing facility in Hyderabad.
  • The business has significant working-capital requirements.
  • Revenue is concentrated among key customers.
  • Certain trademark applications are subject to opposition proceedings.
  • The company has reported negative operating cash flows in recent periods.

IPO Allotment & Application Status

Registrar: Kfin Technologies Ltd.

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Himalaya Nutravedics IPO – Frequently Asked Questions

What is the Himalaya Nutravedics IPO?

Himalaya Nutravedics IPO is a book-built SME IPO of up to 24,99,600 equity shares aggregating up to ₹26.50 crore. The issue is entirely a fresh issue.

When will the Himalaya Nutravedics IPO open and close?

The IPO opens on September 22, 2026 and closes on September 24, 2026.

What is the Himalaya Nutravedics IPO price band?

The price band is ₹100 to ₹106 per equity share.

What is the Himalaya Nutravedics IPO lot size?

The lot size is 1,200 shares. The minimum application is 2 lots, or 2,400 shares.

What is the minimum investment for the Himalaya Nutravedics IPO?

The minimum retail investment is ₹2,54,400 for 2,400 shares at the upper price band of ₹106.

When is the Himalaya Nutravedics IPO allotment?

The tentative allotment date is September 25, 2026.

When will Himalaya Nutravedics IPO shares be listed?

The tentative listing date is September 29, 2026 on the BSE SME platform.

Who is the registrar of the Himalaya Nutravedics IPO?

KFin Technologies Ltd. is the registrar to the issue.

Who is the lead manager of the Himalaya Nutravedics IPO?

Nirbhay Capital Services Pvt. Ltd. is the book running lead manager to the issue.

What are the objectives of the Himalaya Nutravedics IPO?

The IPO proceeds are proposed to be used for working capital requirements, branding, digital marketing and sales expansion, along with general corporate purposes.

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Disclaimer: - Investments in IPOs are subject to market risks. Investors should read the Red Herring Prospectus carefully and consult their financial advisor before investing. https://www.mnclgroup.com/research-disclaimer

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    Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014

    Registered Address

    Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat

    Corporate Address

    Ahmedabad

    “Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad - 380009

    Mumbai

    Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.

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    Tel:079-26666500 / 6600500
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    SEBI Registration No:INZ000008037
    NSE Member ID:06386
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    CDSL-DP ID:35000
    NSDL-DP ID:IN303052
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  • Complete name of entity registered with SEBI as Portfolio Manager:Monarch Networth Capital Limited
    Type of Registration (Individual, Non-Individual):Non-Individual
    PMS Registration No.:INP000006059
    Corporate Identification No.:L64990GJ1993PLC120014
    Principal Place of Business:301-302, 3rd Floor, Arunachal Building, Barakhamba Road, New Delhi - 110001
    Registered Office Address:Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar, Gujarat, India, 382050
    Corresponding SEBI regional/local office Address:8th floor, Plate B, Tower 1, NBCC Complex, East Kidwai Nagar, New Delhi – 110023

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    AIF Registration number :IN/AIF3/20-21/0787
    Registration Date :April 23, 2020
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    MB Registration No.:INM000011013
    Corporate Identification Number:L64990GJ1993PLC120014
    Principal Place of Business:4th FLoor, B Wing, Laxmi Tower, Bandra Kurla Complex, Bandra East, Mumbai-400051
    Registered office address:Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar, Gujarat, India, 382050

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    RA Registration No.:INH000000644
    BSE Enlistment No.:5039
    Corporate Identification Number: L64990GJ1993PLC120014

    Contact Details

    Registered office address: Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar, Gujarat, India, 382050
    Principal Place of Business: 4th FLoor, B Wing, Laxmi Tower, Bandra Kurla Complex, Bandra East, Mumbai-400051
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  • Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014

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    Escalation Matrix

    Monarch Networth Capital Limited

    Registered Address

    Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat

    Corporate Address

    Ahmedabad

    “Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad – 380009

    Mumbai

    Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.

    Contact Details

    “Filing of complaints on SCORES – Easy & quick
    (Link is given in our useful link option on our website)

    • A. Register on SCORES portal
    • B. Mandatory details for filing complaints on SCORES:
      • I. Name, PAN, Address, Mobile Number, Email ID
    • C. Benefits
      • I. Effective communication
      • II. Speedy redressal of the grievances

    Email for Grievance: cs@mnclgroup.com

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    Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances :
    Mr. Nitesh Tanwar : 022 - 66476400 / 66476405

    Listing of Equity Shares on Stock Exchange at

    BSE

    Add :Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001
    Scrip Id :Monarch Scrip Code : 511551

    NSE

    Add :Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai – 400 051.
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    Demat ISIN Numbers in NSDL & CDSL for

    Equity Shares:INE903D01011

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    (Formerly known as Link Intime India Private Limited)

    Add:C 101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400083
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    For any queries related to broking please contact helpdesk@mnclgroup.com.

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