Upcoming IPO, July 2 -- Swara Baby Products, a contract manufacturer of baby diapers, adult diapers and feminine hygiene products backed by FirstCry, has filed draft papers with the Securities and Exchange Board of India (Sebi) to raise Rs.1,000 crore through an initial public offering (IPO).

According to the draft red herring prospectus (DRHP), the IPO comprises a fresh issue of equity shares worth up to Rs.500 crore and an offer for sale (OFS) of Rs.500 crore by existing shareholders.

As part of the OFS, Brainbees Solutions Ltd, FirstCry's parent company, will offload shares worth up to Rs.300 crore, while Anadya Bon Merchari LLP will sell shares valued at up to Rs.200 crore.

The proceeds from the fresh issue will be used to establis...