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CSM Technologies lists at 5% discount; Swara Baby Products files ₹1K cr IPO
CSM Technologies lists at a discount, while FirstCry-backed Swara Baby Products files draft papers for a ₹1,000-crore IPO to fund expansion and acquisitions
FirstCry-Promoted Swara Baby Files Draft Papers With SEBI For Rs 1,000 IPO
Swara Baby IPO will be a combination of fresh issuance of shares worth Rs 500 crore and an offer for sale (OFS) of Rs 500 crore.
FirstCry-promoted Swara Baby Products files draft papers for ₹1,000-cr IPO
Swara Baby Products, a contract manufacturer of baby diapers, adult diapers and feminine hygiene products backed by FirstCry, on Thursday filed draft papers with markets regulator Sebi to raise Rs 1,000 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 500 crore and an offer for sale (OFS) valued at Rs 500 crore by promoters, according to the draft red herring prospectus (DRHP). The OFS includes sale of shares worth up to Rs 300 crore by Brainbees Solutions Ltd, the parent company of FirstCry, and up to Rs 200 crore by Anadya Bon Merchari LLP. The company proposes to utilise the net proceeds from the fresh issue to set up a new manufacturing facility in Madhya Pradesh with an allocation of Rs 198.2 crore, repay or prepay loans amounting to Rs 100 crore, and invest Rs 27.5 crore in subsidiaries Solis Hygiene, Swara Hygiene and K.A. Enterprises Hygiene Pvt Ltd (KAEHPL) for repayment of their outstanding ...
Upcoming IPO: FirstCry-backed Swara Baby Products files draft papers to raise over ₹1,000 crore via IPO. Details here
Upcoming IPO: According to the draft red herring prospectus (DRHP), the IPO comprises a fresh issue of equity shares worth up to ₹500 crore and an offer for sale (OFS) of ₹500 crore by existing shareholders.
FirstCry shares in focus ahead of Rs 300 crore Swara Baby stake sale via IPO
Brainbees Solutions, the parent of FirstCry, will see its shares in focus after approving a Rs 300 crore offer for sale (OFS) in its subsidiary Swara Baby's upcoming IPO. Swara Baby, a contract manufacturer of hygiene products, plans to raise up to Rs 1,000 crore.This move comes as FirstCry's financial performance shows narrowed losses and revenue growth.
FirstCry to sell shares in ₹1,000 crore Swara Baby IPO; check DRHP details
The proposed IPO of Swara Baby comprises a fresh issue of equity shares worth ₹500 crore and an offer for sale (OFS), taking the total issue size to ₹1,000 crore.
Stocks To Watch Today: Maruti Suzuki, NMDC, Hero MotoCorp, Ola Electric, FirstCry, Coal India & More
Here's a look at stocks that are likely to be in focus during the trading session on Thursday.
Stocks to Watch today: IndiGo, Afcons, Bharti Hexacom, JSW Infra, NTPC
Stocks to Watch today: IndiGo, SpiceJet, Afcons infra, JSW Infra, Bharti Hexacom, NTPC Green Energy, NTPC, NLC India, FirstCry, JW Steel, HDFC Bank, among others, will in focus today.
FirstCry-backed Swara Baby eyes filing for $100 million IPO this month
The disposable hygiene products manufacturer, backed by FirstCry, is expected to file draft papers within 10-15 days. The issue will likely comprise fresh shares and an OFS.
FirstCry-Promoted Swara Baby To File Papers For Up To Rs 1,000-Crore IPO In June
ISwara Baby Products plans to file draft papers with Sebi this month for an IPO.
Why FirstCry excelled at selling diapers but hasn’t quite cracked the pre-school code
Parents buy diapers online, but choose preschools offline. FirstCry thought its vast baby product experience and ecosystem would help it crack the adjacency of preschools. Six years on, Intellitots is profitable but not even halfway near its 1,000-school ambition.
Sensex Today Ends 142 Points Lower | Nifty Below, 23,950 | Brainbees Solutions Down 3% - Equitymaster
Sensex Today Ends 142 Points Lower | Nifty Below, 23,950 | Brainbees Solutions Down 3%Equitymaster