Swara Baby Products Ltd. has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its proposed Rs.1,000 crore IPO. The issue will include a fresh issue of shares along with an offer for sale by existing shareholders.
The company, founded in 2018, manufactures disposable hygiene products catering to different consumer segments. The proposed IPO proceeds are expected to support expansion of its manufacturing facilities, repayment of borrowings and other corporate requirements.
The SEBI approval allows the company to move ahead with the next stages of the public-offering process. The final price band and subscription dates will be announced closer to the launch.
