Nobel Hygiene files DRHP for ₹150-crore IPO with SEBI
Quadria Capital-backed Nobel Hygiene has filed its draft red herring prospectus with SEBI for an initial public offering.
The proposed IPO comprises a fresh issue of shares worth up to ₹150 crore and an offer-for-sale of up to 15,511,082 equity shares by existing shareholders.
Proceeds from the fresh issue are earmarked for debt repayment, capacity expansion at the company's Halol facility, including a brownfield manufacturing-cum-warehousing unit and an adult diaper machine line, investment in subsidiary NHBPL, and general corporate purposes.
What Nobel Hygiene does
Nobel Hygiene is India's largest home-grown branded manufacturer of absorbent hygiene products among pure-play branded companies, with a legacy spanning more than two decades.
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It operates across adult, baby, and feminine categories through brands including Friends, B-Fit, Teddyy, Snuggy, and RIO, with over 1,158 SKUs.
In FY2026, the company's revenue from operations grew 15 per cent to ₹847 crore, while EBITDA increased to ₹85 crore.
The adult absorbent hygiene market in India is projected to grow at 21-23 per cent CAGR through FY2031, driven by rising penetration and new user adoption.
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