FirstCry-promoted Swara Baby to file papers for up to Rs 1,000-cr IPO in June

Business 09 Jun, 2026

FirstCry-promoted Swara Baby to file papers for up to Rs 1,000-cr IPO in June

Business To Business, New Delhi, 9^th June, 2026: Swara Baby Products, a contract manufacturer of baby diapers, adult diapers, and feminine hygiene products backed by FirstCry, is reportedly preparing to file draft papers with the Securities and Exchange Board of India (SEBI) this month for an Initial Public Offering (IPO) worth up to ₹1,000 crore.
Proposed IPO Structure
According to people familiar with the matter, the IPO is expected to include:

A fresh issue of shares, through which the company will raise new capital.
An Offer for Sale (OFS), allowing existing shareholders to sell part of their holdings.

The final size and structure of the issue will be confirmed in the draft red herring prospectus (DRHP) filed with SEBI.
Lead Managers Appointed
The company has reportedly appointed:

as the book-running lead managers for the public issue.
About the Company
Swara Baby Products operates as a contract manufacturer in the personal care and hygiene segment, producing:

Baby diapers
Adult diapers
Feminine hygiene products

The company benefits from growing demand in India's hygiene and personal care market, driven by rising consumer awareness, increasing disposable incomes, and expanding organized retail and e-commerce channels.
Significance of the IPO
If launched as planned, the offering would add to the pipeline of consumer and manufacturing-focused companies seeking to tap India's capital markets.
Investors will closely watch:

The company's revenue and profitability trends.
Capacity expansion plans.
Customer concentration and contract manufacturing relationships.
Growth prospects in the baby care, adult incontinence, and feminine hygiene segments.

The filing of draft papers with SEBI will provide a clearer picture of the company's financial performance, valuation expectations, and intended use of proceeds.