Mumbai: Nobel Hygiene Pvt., a maker of hygiene merchandise, is contemplating an preliminary public providing in India that might elevate as a lot as $300 million, in accordance to individuals conversant in the matter.
The Quadria Capital-backed firm has held preliminary discussions with funding banks a couple of potential itemizing and will appoint advisers within the coming weeks, the individuals said, asking not to be recognized as a result of the knowledge is personal.
The proposed IPO might embrace a mixture of recent share issuance and secondary gross sales by present traders, the individuals said. Deliberations are ongoing, and particulars akin to dimension and timing might change.
A consultant for Nobel Hygiene said the corporate frequently evaluates strategic and capital market alternatives and engages with exterior advisers from time to time as a part of that course of.
Indian companies have raised about $3.1 billion by means of IPOs up to now this yr, in contrast with roughly $22 billion in all of 2025, in accordance to knowledge compiled by Bloomberg.
Quadria Capital, one in every of Asia’s largest healthcare-focused personal fairness companies, introduced in 2021 that it had acquired a big minority stake in Nobel Hygiene.
Based in 2000 by Kamal Johari, the corporate manufactures hygiene merchandise tailor-made to Indian customers, in accordance to its web site.
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