FirstCry board clears Rs 300 crore OFS in Swara Baby via planned Rs 1,000 crore IPO
Brainbees Solutions-owned FirstCry approved a Rs 300 crore stake sale in hygiene-products contract manufacturer Swara Baby through an offer-for-sale in its planned Rs 1,000 crore IPO, pending SEBI approval. Swara Baby stays a FirstCry subsidiary post-listing. Q1 FY26 revenue rose 12% to Rs 2,163 crore though net loss stood at Rs 30.30 crore.
FirstCry's board approved selling a Rs 300 crore stake in subsidiary Swara Baby, a hygiene-products contract manufacturer, via OFS in its planned Rs 1,000 crore IPO, pending SEBI approval. Swara Baby remains a FirstCry subsidiary post-listing.
Why this matters
The Swara Baby OFS extends FirstCry parent Brainbees' capital moves, alongside its push into private labels and Qwik quick commerce and its RocketBees logistics arm handling 40% of online shipments.
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