Brainbees Solutions, the parent company of FirstCry, is set to launch its Initial Public Offering (IPO) with a total issue size of Rs 4,193.73 crore. The IPO comprises a fresh issue of 3.58 crore shares, amounting to Rs 1,666 crore, and an offer for sale of 5.44 crore shares, aggregating to Rs 2,527.73 crore.
FirstCry IPO Subscription WindowThe bidding for the FirstCry IPO commenced on August 6, 2024, and concluded on August 8, 2024.
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FirstCry IPO Allotment DateThe allotment results for the FirstCry IPO were finalized on August 9, 2024.
FirstCry IPO Listing DateThe shares of FirstCry IPO are expected to list on the BSE and NSE, with the tentative listing date scheduled for August 13, 2024.
FirstCry IPO Price BandThe price band for the IPO has been set between Rs 440 and Rs 465 per share. For retail investors, the minimum investment amount required is Rs 14,880, which covers a lot size of 32 shares. Small and medium institutional investors (sNII) must apply for a minimum of 14 lots (448 shares), equating to Rs 2,08,320, while large institutional investors (bNII) are required to apply for at least 68 lots (2,176 shares), totaling Rs 10,11,840.
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The IPO also includes a reservation of up to 71,258 shares for employees, available at a discount of Rs 44 per share.
FirstCry IPO GMPAs per multiple websites that track the grey market premium activities, the shares of FirstCry IPO are commanding a GMP in the price range of Rs 15 – Rs 20 in the unlisted market.
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Founded in 2010, Brainbees Solutions Limited operates the popular online platform FirstCry, catering to parents with a wide range of products for children. The company aims to be a comprehensive retail, content, community engagement, and education resource for parents, offering items from apparel and footwear to baby gear, toys, and personal care products from both Indian and global brands.
The proceeds from the IPO are intended to fund the establishment of new “BabyHug” branded stores and a warehouse in India, as well as cover lease payments for existing modern stores operated by the company.
