Swara Baby Products, a contract manufacturer of baby diapers, adult diapers and feminine hygiene products backed by FirstCry, is planning to file draft papers with Sebi this month to raise funds up to Rs 1,000 crore through an Initial Public Offering (IPO), people familiar with the development said on Tuesday. The proposed IPO is expected to comprise a fresh issue of shares and an Offer for Sale (OFS) by existing shareholders, they added. JM Financial and Avendus Capital have been appointed as the book-running lead managers for the issue. Emails sent to the company and the investment bankers seeking comments did not elicit any response till the filing of this report. Led by Alok Birla, who has over 18 years of experience in the hygiene products industry, Swara Baby manufactures disposable hygiene products across baby care, adult incontinence and feminine hygiene segments. Along with Birla, Brainbees Solutions Ltd, the parent of FirstCry, is among the promoters of the ...
FirstCry shares fell on Wednesday after Q4FY26 results showed that margin pressure and high competition offset revenue growth. JM Financial retains Add, with a share price target of ₹265
Brainbees Solutions shares have surged nearly 22 per cent from the 52-week low of ₹207.05 touched on February 19, 2026.
Brainbees Solutions share price touched a record low of ₹207.05 on the National Stock Exchange (NSE) on Thursday
The scrip fell as much as 12.23 per cent to record low of ₹236.80 per share on the National Stock Exchange (NSE)
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The upward movement in the FirstCry share price came following the company's announcement of an update on acquisitions
Brainbees Solutions, parent of children's retailer FirstCry, posts a 10% year-on-year revenue increase and reduces losses by 20% for the quarter ending September 2025
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JM Financial believes that FirstCry has the potential to dominate the childcare segment in India with an improving gross margin
The fall in the stock price follows the end of the lock-in period for 20 million shares from the company's initial public offering, launched in August this year
So far this year, bankers have pocketed Rs 1,226 crore for handling 45 IPOs
FirstCry has also joined the club of startup unicorns that have successfully IPO'd over the last few years. Others include Zomato, Paytm, PolicyBazaar, and Ola
Before its listing, the grey market premium (GMP) for the FirstCry IPO was quoted around Rs 87, suggesting strong listing gains
According to grey market players, Unicommerce could list at a 60% premium, while FirstCry at 20%
FirstCry shares are trading at a premium of nearly Rs 86 or 18.49 per cent on Monday, which is nearly triple the GMP of Rs 32 or 6.88 per cent that the shares commanded on the IPO opening date
Available at a price band of Rs 440-465, with a lot size of 32 shares, FirstCry IPO was subscribed 12.22 times by the final day of subscription on August 8, 2024
FirstCry will use the IPO proceeds to set up new stores, lease payments for its existing stores, invest in its subsidiary for its overseas expansion, and pay technology costs, among others
The public issue of Pune-based Brainbees Solutions consists of a fresh issue of equity shares valued at Rs 1,666 crore and an OFS (offer for sale) component of up to 5.44 crore shares
75% of Ola's maiden issue is reserved for qualified institutional buyer