FirstCry-promoted Swara Baby Products has filed draft papers with India’s markets regulator SEBI for an initial public offering (IPO) worth ₹1,000 crore, according to reports citing the draft red herring prospectus (DRHP). The proposed IPO is structured as a combination of a fresh equity issuance and an offer for sale by existing shareholders. The fresh issue is up to ₹500 crore, while the remaining ₹500 crore is planned as an offer for sale (OFS) by promoters. In total, the company seeks to raise ₹1,000 crore through this split mechanism, with both components reported at equal value. The filings are part of the pre-listing regulatory process, where SEBI reviews the disclosure documents before granting further approvals. The outlets do not report any change to the stated size or allocation of the issue at this stage, and details on the final price band, number of shares, and timing are not included in the provided summaries. The company’s next steps depend on SEBI’s assessment of the draft documents and subsequent approvals.