India, Aug. 24 -- Swara Baby Products plans to invest Rs 558.47 crore in a new manufacturing facility in Madhya Pradesh, including Rs 198.21 crore proposed to be funded from the net proceeds of its initial public offering (IPO), as the hygiene products manufacturer seeks to expand its annual capacity across baby diapers, adult incontinence products and sanitary napkins.

The company proposes to establish the facility at Pithampur in Dhar, Madhya Pradesh. The project will add annual installed capacity of 1,464 million baby diapers, 252 million adult diapers and 192 million sanitary napkins. Following the expansion, Swara Baby's total installed capacity is proposed to increase to 4,124 million baby diapers, 505 million adult diapers and 948...