Nobel Hygiene Limited, an absorbent hygiene products manufacturer, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for its initial public offering (IPO). In June, Entrackrexclusivelyreported that Nobel Hygiene had converted into a public company, signalling its preparations for a public market debut. The IPO comprises a fresh issue of up to Rs 150 crore and an offer for sale (OFS) of up to 1.55 crore equity shares by existing shareholders. The OFS will be led by Quadria Capital through Orbit Investment Holdings, which will offload 95.7 lakh shares, followed by Sixth Sense Ventures with 50 lakh shares. Bennett Trading, Manish Dharanendra Ladage, Seema Manish Ladage and Lashit Lallubhai Sanghvi will also participate in the OFS. The company plans to use the fresh issue proceeds to repay certain borrowings, invest in its subsidiary Nobel Hygiene Baroda, and part-finance the expansion of its Halol manufacturing facility. The expansion will include a brownfield manufacturing-cum-warehousing facility and the installation of an adult diaper production line. A portion of the proceeds will also be used for general corporate purposes. Founded over two decades ago, Nobel Hygiene operates across adult, baby and feminine hygiene segments through brands including Friends, B-Fit, Teddyy, Snuggy and RIO, with over 1,158 SKUs as of March 2026. It plans to expand its feminine hygiene portfolio with disposable period panties while strengthening its adult and baby hygiene businesses. As on the date of DRHP, Quadria Capital via Orbit Investment Holdings is the largest shareholder in Nobel Hygiene with a 36.71% stake, followed by Fancy Textrade LLP and Neo Secondaries Fund holding 13.35% and 13.20%, respectively. Sixth Sense India Opportunities II holds 12.66%, while Powerful Impex LLP owns 7.75%. Promoter Kamal Kumar Johari holds a 7.03% stake, with Kamal Kumar Johari HUF and Kamini Kamal Johari holding 3.24% and 2.60%, respectively. On the financial front, Nobel Hygiene's revenue from operations grew 14.6% year-on-year to Rs 846.75 crore in FY26 from Rs 739.14 crore in FY25. EBITDA rose 29.3% to Rs 84.76 crore, while EBITDA margin improved to 10.01% from 8.87%. Adult and baby absorbent hygiene contributed 49.25% and 45.32%, respectively, of the company's revenue from operations in FY26. Friends and Teddyy accounted for 37.85% and 39.63% of revenue, while B-Fit contributed 10.83%. The company turned profitable during the year, with Rs 18.91 crore in FY26 from Rs 2.28 crore in FY25. ICICI Securities, Motilal Oswal Investment Advisors and SBI Capital Markets are the book running lead managers to the issue. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
