Quadria Capital-backed Nobel Hygiene Ltd, a home-grown maker of absorbent hygiene products, has filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO).

The proposed IPO comprises a fresh issue of shares worth up to Rs 150 crore and an Offer-for-Sale (OFS) of up to 1.55 crore equity shares by promoters and existing investors, according to the draft red herring prospectus (DRHP) filed on Thursday.