1 week ago
Nobel Hygiene Files Papers for Rs 150 Crore IPO
Nobel Hygiene makes products that help absorb liquids, such as certain hygiene products.
The company wants to raise money by selling shares to the public.
It has submitted its IPO plans to Sebi, the market regulator.
The new shares could raise up to Rs 150 crore for the company.
Some existing owners will also sell up to 1.55 crore shares.
These sellers include the company’s promoters and several investment firms.
This part of the sale is called an Offer-for-Sale.
The IPO will allow investors to buy shares in Nobel Hygiene.
Quadria Capital-backed Nobel Hygiene has filed draft IPO papers with Sebi.
The proposed IPO includes a fresh issue of shares worth up to Rs 150 crore.
The offering also includes an Offer-for-Sale of up to 1.55 crore equity shares.
Promoters Kamal Kumar Johari and Kamini Kamal Johari will sell shares through the OFS.
Investors including Orbit Investment Holdings, Sixth Sense India Opportunities III and Bennett Trading LLP will also pare their stakes.
- Who
- Quadria Capital-backed Nobel Hygiene Ltd, its promoters Kamal Kumar Johari and Kamini Kamal Johari, and existing investors.
- What
- Nobel Hygiene filed draft papers with Sebi for an IPO comprising a fresh issue of up to Rs 150 crore and an OFS of up to 1.55 crore shares.
- Where
- The filing was made with India’s Securities and Exchange Board of India; the article is datelined New Delhi.
- When
- The draft red herring prospectus was filed on Thursday; the articles do not provide a calendar date.
- Why
- The company is seeking to raise funds through a public share offering, while promoters and existing investors plan to sell part of their holdings.
Company and new-investor perspective
Existing-holder perspective
Purpose of the offering
Company and new-investor perspective
The IPO includes a fresh issue intended to raise funds for Nobel Hygiene.
Existing-holder perspective
The OFS allows promoters and existing investors to reduce their stakes by selling shares.
Share sale structure
Company and new-investor perspective
New shares worth up to Rs 150 crore would be issued to public investors.
Existing-holder perspective
Up to 1.55 crore existing equity shares would be sold by current holders rather than newly issued by the company.
Key facts
- Company
- Nobel Hygiene Ltd
- Investor backing
- Quadria Capital
- Fresh issue
- Shares worth up to Rs 150 crore
- Offer-for-Sale
- Up to 1.55 crore equity shares
- Regulator
- Securities and Exchange Board of India (Sebi)
- Promoters selling shares
- Kamal Kumar Johari and Kamini Kamal Johari
- Other selling investors
- Orbit Investment Holdings, Sixth Sense India Opportunities III and Bennett Trading LLP
Sources
Related news
India Exposition Mart Files Draft Papers for IPO
NSE IPO Nears Launch as SEBI Review Approaches Completion
Pushp Brand Wins Sebi Approval for Up to 74.45-Lakh-Share IPO
NDR InvIT Trust files draft papers for ₹750-crore IPO
Atomberg Files IPO Papers With Rs 450 Crore Fresh Issue
NSE Wins SEBI Approval for Potential ₹30,000 Crore IPO
One-size-fits-all wellness programmes failing Gen Z workers in India
Indian Firms Lose ₹1.1 Trillion to Poor Employee Health
Aragen Expands Biologics in India
Quadria Capital Focuses on Healthcare and Med-Tech
