Swara Baby Products receives approval for ₹1,000 Cr IPO
Swara Baby Products, a subsidiary of FirstCry parent Brainbees Solutions, gained SEBI approval to raise up to ₹1,000 Cr through an IPO. The offer splits equally between new share issuance and sales by existing stakeholders, including Brainbees Solutions and Anadya Bon Merchari LLP. Proceeds from new shares are earmarked for expanding manufacturing capacity, reducing debt, and acquisitions. The company specializes in making disposable hygiene products and serves both major corporate clients and its own brands.
- IPO includes ₹500 Cr new shares, ₹500 Cr offer for sale
- Brainbees Solutions plans to sell shares worth up to ₹300 Cr
- Funds to support new factory and debt reduction
- Company may also buy other businesses with proceeds
Sources covering this
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