Bellamy's Australia is set to embark on a $60.4 million rights issue to fund the acquisition of a new canning factory.
Credit Suisse is overseeing the rights issue.
The company's shares went into a trading halt on Tuesday morning ahead of the offer.
Bellamy's has been in the market for a new organic infant formula packing and canning facility, after its existing partner Bega Cheese sold its Tatura Milk canning plant to American Mead Johnson.