Mohini Health and Hygiene Ltd

Mohini Health and Hygiene Ltd

About the Company:

Incorporated in 2009, Mohini Health & Hygiene Ltd is an ISO 9001(QMS), ISO 140001 (EMS) and 18001 (OHSAS) certified Company and is engaged in manufacturing and export of absorbent cotton and medical consumable products.

Company, formerly known as Mohini Fibers Limited was engaged in the business of dealing and processing of waste cotton, yarn and textile fabric and has now diversified into the health & hygiene sector with advent of manufacturing of medical consumable products.

Mohini Health and Hygiene Ltd has their registered office and manufacturing facilities situated at Pithampur, Madhya Pradesh.

Company has been issued Certificate of Compliance from UK Certification & Inspection Limited and has been inspected and assessed according to the Global Organic Textile Standard by One Cert International Private Limited.

Company operates both in domestic and international markets and has been awarded as Two Star Export House by Office of the Joint Director General of Foreign Trade.

Company’s revenue from operations from domestic region and international markets contributed around 44.77% and 55.23% respectively for the period ended September 30, 2017.They also export their products majorly to countries such as Poland, Italy, Lativa, Russia, Spain, Greece, etc.

Company Sells products under the following Main Categories:

Company’s Product Portfolio:

  • Absorbent Bleached Surgical Cotton
  • Absorbent Cotton Wool
  • Cotton Balls
  • Cotton Ear Buds
  • Cotton Zig Zag
  • Baby Diapers
  • Face Wipe
  • Bandage/ First Aid Bandage.
  • Non Woven Surgical Tapes.


Upcoming Products to be Launched by the Company:

  • Hand Sanitizer.
  • Liquid hand wash.
  • First Aid Kit.
  • Basic dressing Pack.
  • Pain Relief Patch.
  • Fever Cooling Patch.
  • Mosquito Repellant Patch.
  • Surgical Gloves.


Top 5 Exporting Countries:

Country Amount in Crores (Rs.)
Poland 19.77
Italy 8.35
Latvia 7.74
Russia 2.35
Spain 2.02
Greece 1.56


Company’s Capacity Utilization:

Management Team:

  1. Mr. Sarvapriya Bansal (Designation: Chairman and Executive Director)
  2. Mr.Avnish Bansal (Designation: Managing Director)
  3. Ms. Parul Agarwal (Designation: Non Executive Director)


Promoters Average Acquisition Cost:

Name of the Promoter No. of Shares held Average Acquisition Cost (in Rs.)
Sarvapriya Bansal 11,12,500 2.53
Avnish Bansal 1,01,15,736 5.41


Promoters Stake Pre & Post Issue:

Shareholder Name Pre Issue Stake (%) Post Issue Stake (%)
Sarvapriya Bansal 9.39% 6.10%
Avnish Bansal 85.35% 55.47%
 Promoter Group Entities               —–               ——
Total 94.74% 61.57%


Objectives of the Issue:

  • Repayment/ Prepayment of certain Unsecured Borrowings availed by the company.
  • Funding the working capital requirements of the Company.
  • General Corporate Purposes.


Fund Utilization:

Particulars Amount (Rs. in Crores)
Repayment/ Prepayment of certain Unsecured Borrowings availed by our
Funding the working capital requirements of the Company 11.20
General Corporate Purposes. 7.61
Net Proceeds 26.81 cr


Peer Group Comparison:

We believe that there are no listed Companies in India which are engaged in manufacturing of absorbent cotton and medical consumable products.

Further there are no listed entities which are focused exclusively on the segment in which Mohini Health and Hygiene operates. Hence, it is not possible to provide an industry comparison in relation to the Company.


Positives for the Company:

Presence in International markets:

  • Company’s revenue from export operations contributed 55.22% of their total revenue from operations. At present they are exporting to nearly 11 countries and have presence in around 25 countries.

Expanding their Product Portfolio:

  • Company has a wide product basket and is planning to add many new products , which will increase the turnover in the coming years.

Enhancing their customer base:

  • Company intend to grow in the business continuously by adding new customers. With growth in the retail sector company also aims to tap medical super stores and super markets for their products to be made readily available to end consumers.


Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17 30th Sept 17
Revenue  41.45  48.69 91.03  123.09  137.73  85.16
Net Profit  0.64  0.73  1.93  3.8 3.40  3.64


IPO Details:

Details Info
Issue Opens on 5th February 2018
Issue Closes on:. 7th February 2018
Issue Price Rs.40 – 42
Face Value Rs.10
Minimum Lot 3000
Minimum Investment Rs.1,26,000
Issue Constitutes 35%
Issue Size Rs.26.81 cr ($4.25 million)
Market Cap Rs.76.59 cr ($12.51 million)
Listing at NSE SME
Total Equity Shares Offered (Fresh) 63,84,000
Equity Shares Prior to the Issue 1,18,51,900
Equity Shares after the Issue 1,82,35,900


Important Dates:

Finalization of Basis of Alottment on or before 12th February 2018
Initiation of Refunds on or before 14th February 2018
Credit of Equity Shares: on or before 15th February 2018
Listing Date: on or before 16th February 2018


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV) Debt/ Equity Ratio
2.91 14.43 13.83% 82.80 2.64


Grey Market Premium :

Date IPO Price Band Grey Market premium
13/02/18 Mohini Health & Hygiene Ltd 40 – 42  12 – 15


Markets Guruji Opinion:

IPO View Apply For: Expected listing Gain:
Subscribe Long Term 40%


Check IPO Allotment Status:

Link InTime Website (Click on the below Link)


Company Contact Info:
Mohini Health and Hygenie Limited
Plot No 109, Sector 3,s Industrial Area Pithampur
Dhar 454774 Madhya Pradesh, India
Tel: 07292426666


IPO Registrar Info:
C-101, 1st Floor, 247 Park, L.BS. Marg,
Vikhroli (West), Mumbai 400083,
Tel: +91 022 49186200; Fax: +91 022 49186195


Lead Manager to the Issue:
406-408, Keshava Premises,
Behind Family Court, Bandra Kurla
Complex, Bandra (East),
Mumbai – 400051, Maharashtra, India
Tel: +91-22 61946719; Fax: +91-22 2659 8690
Investor Grievance Id: