Swara Baby Products, a contract manufacturer of baby diapers, adult diapers, and feminine hygiene products backed by FirstCry, has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise ₹1,000 crore through an initial public offering (IPO), according to livemint.com. The IPO will include a fresh issue of equity shares worth up to ₹500 crore and an offer for sale (OFS) of ₹500 crore by existing shareholders.
The company submitted its draft red herring prospectus (DRHP) as part of the IPO process, signaling its intent to tap public markets for capital. The fresh issue will help Swara Baby Products expand its manufacturing capabilities and strengthen its balance sheet, while the OFS will provide liquidity to existing investors. The filing marks a key milestone for the company, which has grown under the backing of FirstCry, a major player in the baby products segment.
Swara Baby Products operates in the fast-growing hygiene products market, which has seen rising demand driven by increasing awareness and consumption. The ₹1,000 crore IPO positions the company alongside other notable entrants in the sector, reflecting investor interest in consumer goods manufacturing. The deal also highlights the trend of contract manufacturers seeking public funding to scale operations amid competitive pressures and evolving consumer preferences.
The Securities and Exchange Board of India will review the draft papers before granting approval for the IPO to proceed. Swara Baby Products aims to finalize the offer size and pricing after regulatory clearance, with market participants closely watching the subscription details once the IPO opens.