Swara Baby Products has received approval from market regulator SEBI to launch its Rs 1,000-crore initial public offering (IPO). The public issue consists of a fresh issue of shares worth Rs 500 crore and an offer for sale of Rs 500 crore. The hygiene products manufacturer plans to use the fresh funds to set up a new manufacturing facility in Madhya Pradesh and repay debts. Founded in 2018, the company makes baby diapers, adult diapers, and sanitary napkins.
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Source: thehindubusinessline.com


