FirstCry-backed Swara Baby readies $100M IPO filing within weeks
Swara Baby Products, 76.59% owned by FirstCry parent Brainbees, plans to file DRHP this month for a ₹900 crore IPO via JM Financial and Avendus. The contract manufacturer for P&G, Unicharm, Kimberly-Clark and Kenvue posted FY25 revenue of ₹943 cr and PAT of ₹81 cr, riding a 30%+ CAGR in India's $1.83 bn diaper market.
FirstCry-controlled Swara Baby Products plans to file DRHP within weeks for a $100 million IPO via JM Financial and Avendus, mixing fresh issue and OFS. The contract manufacturer makes hygiene products for P&G, Unicharm, Kimberly-Clark and Kenvue.