Swara Baby gets Sebi nod for Rs 1,000 crore IPO as hygiene products maker eyes expansion

What happened: Swara Baby received Sebi approval for a Rs 1,000 crore IPO, comprising a fresh issue of up to Rs 500 crore and an offer for sale of up to Rs 500 crore. Key numbers: Fresh issue up to Rs 500 crore; OFS up to Rs 500 crore (Brainbees Solutions up to Rs 300 crore, Anadya Bon Mercari LLP up to Rs 200 crore); possible pre-IPO placement of Rs 100 crore; Rs 198.2 crore for Why it matters: Proceeds fund a new manufacturing facility, debt reduction and inorganic growth. The filing cites a projected 12.7% CAGR for India's hygiene market. JM Financial and Avendus Capital are the bankers.

Swara Baby received Sebi approval for a Rs 1,000 crore IPO, comprising a fresh issue of up to Rs 500 crore and an offer for sale of up to Rs 500 crore.

Proceeds fund a new manufacturing facility, debt reduction and inorganic growth. The filing cites a projected 12.7% CAGR for India's hygiene market. JM Financial and Avendus Capital are the bankers.