FirstCry-backed Swara Baby Products gets Sebi nod for Rs 1,000 Cr IPO
The IPO will be a combination of fresh issue of shares and offer for sale.
Swara Baby Products, a baby hygiene products manufacturer backed by FirstCry, has received Sebi's approval to proceed with its Rs 1,000 crore IPO. The IPO comprises a fresh issue of equity shares worth up to Rs 500 crore and an offer for sale of shares valued at Rs 500 crore by various promoters. The company plans to use the proceeds to set up a new manufacturing facility in Madhya Pradesh, repay borrowings, invest in subsidiaries, pursue acquisitions, and for general corporate purposes.
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