Nobel Hygiene Limited, a pioneer in India’s adult absorbent hygiene market, has taken a significant step towards going public, filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). Backed by Quadria Capital, the company is looking to tap the public markets as demand for adult, baby and feminine hygiene products accelerates across India.
The proposed IPO comprises a fresh issue of equity shares worth up to Rs 150 crore, along with an offer for sale (OFS) of up to 15,511,082 equity shares by existing shareholders. The selling shareholders include promoters Kamal Kumar Johari and Kamini Kamal Johari, as well as investors such as Orbit Investment Holdings Pte. Ltd., Sixth Sense India Opportunities III, Bennett Trading LLP, Manish Dharanendra Ladage, Seema Manish Ladage and Lashit Lallubhai Sanghvi.
