Swara Child Merchandise, a FirstCry-backed maker of disposable hygiene merchandise, has filed draft papers with the SEBI for an IPO value Rs 1,000 crore.

The proposed share sale will embrace a recent difficulty of fairness shares value as much as Rs 500 crore and a proposal on the market of as much as Rs 500 crore by present shareholders.

Brainbees Options, the dad or mum firm of FirstCry, plans to promote shares value as much as Rs 300 crore by way of the supply on the market. Anadya Bon Merchari LLP will promote shares value as much as Rs 200 crore.

Swara Child plans to make use of Rs 198.2 crore from the recent difficulty to arrange a brand new manufacturing facility in Madhya Pradesh. It’ll additionally use Rs 100 crore to repay or prepay borrowings, and Rs 27.5 crore to put money into subsidiaries Solis Hygiene, Swara Hygiene and Ok.A. Enterprises Hygiene for reimbursement of their excellent dues.

The remaining proceeds can be used for acquisitions and basic company functions.

The corporate may additionally take into account a pre-IPO placement of as much as Rs 100 crore. If accomplished, the scale of the recent difficulty can be decreased.

JM Monetary and Avendus Capital are the book-running lead managers to the difficulty.

Swara Child manufactures disposable hygiene merchandise throughout the infant care, grownup incontinence and female hygiene classes. Its merchandise embrace child diapers, grownup diapers, sanitary napkins and panty liners, primarily made for shopper manufacturers on a contract manufacturing foundation.

Its clients embrace Brainbees Solutions, Piramal Pharma and Himalaya Wellness Firm. The corporate additionally sells merchandise underneath its personal manufacturers by way of on-line platforms and trendy retail channels.

Based on the draft papers, Swara Child had a 37% share of India’s child diaper contract manufacturing market by worth in FY25. It additionally had a 36% share of the grownup diaper contract manufacturing market by worth.

The corporate operates 4 manufacturing services in Pithampur and Indore in Madhya Pradesh.

For the 12 months ended March 2026, Swara Child reported income from operations of Rs 1,163.9 crore, up from Rs 942.97 crore a 12 months earlier. Revenue after tax rose to Rs 95.58 crore from Rs 80.67 crore.

Child diapers remained its largest product class, accounting for 79% of product gross sales in FY26.

In December 2025, Swara Child acquired Ok.A. Enterprises Hygiene, a maker of female hygiene merchandise.