Now Reading: Nobel Hygiene files DRHP with SEBI for Rs 150 crore IPO
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Nobel Hygiene files DRHP with SEBI for Rs 150 crore IPO
Nobel Hygiene, India's largest home-grown branded manufacturer of absorbent hygiene products among pure-play companies, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for…
Nobel Hygiene, India's largest home-grown branded manufacturer of absorbent hygiene products among pure-play companies, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The IPO comprises a fresh issue of up to Rs 150 crore and an offer-for-sale of up to 1.55 crore equity shares by existing shareholders.
The proceeds from the fresh issue will be used for debt repayment, capacity expansion at Halol including a brownfield manufacturing-cum-warehousing facility and an adult diaper machine line, investment in subsidiary NHBPL, and general corporate purposes. The company operates brands including Friends, B-Fit, Teddyy, Snuggy and RIO, with over 1,158 stock-keeping units (SKUs).
For FY2026, Nobel Hygiene's revenue from operations grew 15 per cent to Rs 847 crore, while EBITDA rose to Rs 85 crore. The adult absorbent hygiene market in India is projected to grow at a 21-23 per cent compound annual growth rate (CAGR) through FY2031, driven by rising penetration and new user adoption.
Indian Opinion Analysis
Nobel Hygiene's IPO comes as the Indian hygiene market sees rising urban demand and low penetration, especially in adult diapers where awareness is still nascent. The company's debt repayment plan suggests leverage from earlier expansion, and the fresh capacity at Halol targets this projected growth. The offer-for-sale component will allow existing backers like Quadria Capital to partially exit. Watch for the final IPO price band and valuation compared to listed peers like RSH Global (Reynolds) and Unicharm.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
