MUMBAI, June 9 -- FirstCry-owned contract manufacturer Swara Baby Products Ltd plans to file draft papers for an initial public offering (IPO) by the end of this month, seeking to raise about $100 million, according to two people familiar with the matter.

"The company expects to file draft papers with the regulator within 10-15 days, if all goes according to plan," one of the people said. "The company has roped in JM Financial and Avendus Capital to manage the share sale," the person added.

The IPO is expected to comprise both a fresh issue of shares and an offer for sale by existing shareholders, the second person said on condition of anonymity. The total issue size could be as much as $100 million (about Rs.900 crore).

The people cit...