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FirstCry-backed Swara Baby Products gets Sebi nod for Rs 1,000 crore IPO ↗

Swara Baby Products has received approval from Sebi to proceed with its Rs 1,000 crore IPO. The IPO includes a fresh issue of equity shares and an offer for sale by promoters. Proceeds will be used for expanding a manufacturing facility and repaying borrowings among other corporate purposes. Founded in 2018, Swara Baby manufactures a range of disposable hygiene products for different consumer needs.

From The Economic Times Markets

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4 sources

  1. The Economic Times Markets · 6 Oct, 15:49 IST
  2. Business Standard Markets · 6 Oct, 15:54 IST
  3. The Hindu BusinessLine Companies · 6 Oct, 18:56 IST
  4. The Hindu BusinessLine Markets · 6 Oct, 18:56 IST

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2 comments

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  1. Rs 500 Cr fresh issue + Rs 500 Cr OFS. Brainbees (FirstCry) selling Rs 300 Cr worth of shares in this OFS. Good liquidity event for FirstCry.

    1. sgoel007

      Agreed. Swara has decent contract manufacturing margins in hygiene and baby care. Will watch valuation band when RHP is filed.