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Swara Baby Gets SEBI IPO Nod & Jio Platforms Eyes Listing

By Business DeskSwara Baby Gets SEBI IPO Nod & Jio Platforms Eyes Listing

FirstCry-backed Swara Baby Products secures SEBI approval for a Rs 1,000 crore IPO, while Jio Platforms prepares for a massive public offering.

Two major developments are moving through the Indian initial public offering market as regulators clear one manufacturing firm and reports point to a record telecom listing.

Swara Baby Products Cleared For Public Debut

Swara Baby Products secured regulatory clearance from the Securities and Exchange Board of India to launch a 1,000 crore initial public offering. The contract manufacturer of baby care items is backed by the retail giant FirstCry.

  • Fresh issue: Equity shares structuring the public issue with no offer-for-sale component.
  • Capital expenditure: Proceeds designated for new manufacturing facilities.
  • Corporate purposes: Funds allocated to repay existing debt and support general corporate needs.

The move marks a significant milestone for the company as it looks to expand its market presence in the competitive baby care sector.

Jio Platforms Prepares For Landmark Listing

Jio Platforms is reportedly preparing for a landmark initial public offering. Reports indicate the offering may exclude an offer-for-sale component.

  • Focus: Focusing on capital raising and corporate expansion.
  • Market presence: Positioning for a major debut in the technology and telecommunications landscape.

The developments highlight continued robust activity across the Indian public markets as prominent firms advance their capital-raising plans.

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