Swara Baby, India's largest contract manufacturer of disposable hygiene products by value in FY25, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise Rs 1,000 crore through an initial public offering (IPO).
The proposed IPO comprises a fresh issue of equity shares worth up to Rs 500 crore and an offer for sale (OFS) of up to Rs 500 crore. The OFS includes shares aggregating up to Rs 300 crore by promoter-selling shareholder Brainbees Solutions Limited and up to Rs 200 crore by Anadya Bon Merchari LLP.