India Expo Centre operator files IPO DRHP with Sebi. Check details

The homegrown manufacturer of absorbent hygiene products, Nobel Hygiene Ltd, has submitted draft papers to the Securities and Exchange Board of India (SEBI) to raise capital through an initial public offering (IPO). The proposed IPO includes the issuance of up to ₹150 crore in new shares and an Offer-for-Sale (OFS) of up to 1.55 crore equity shares by the company's promoters and existing investors.

The OFS will involve the reduction of stakes held by the Johari family, as well as investors like Orbit Investment Holdings, Sixth Sense India Opportunities III, and Bennett Trading LLP. The funds raised will be utilized for debt repayment, investment in the subsidiary Nobel Hygiene Baroda Pvt Ltd, expansion of manufacturing capacity at the Halol facility in Gujarat, including the establishment of a brownfield manufacturing and warehousing facility, and general corporate purposes.

Nobel Hygiene's product portfolio includes brands such as Friends, Teddyy, B-Fit, Snuggy, and RIO, which cater to adult, baby, and feminine hygiene needs. As of March 31, 2026, the company had over 1,150 stock keeping units (SKUs) and operated 14 manufacturing lines in Nashik and Halol, with a combined annual production capacity of nearly 1.89 billion units.

The company's distribution network spans across 2.7 lakh retail outlets in 31 states and Union Territories, supported by approximately 300 stockists and more than 400 distributors. Nobel Hygiene also exports its products to 19 countries. For the fiscal year 2026, the company reported a 14.6% increase in revenue from operations, reaching ₹846.75 crore from ₹739.14 crore in the previous fiscal year, and a profit of ₹18.91 crore compared to ₹2.28 crore in the prior year.

The issue of new shares is being managed by ICICI Securities, Motilal Oswal Investment Advisors, and SBI Capital Markets as the book-running lead managers.