New Delhi: Brainbees Solutions IPO, also known as Firstcry IPO, worth Rs 4,193.73 crore opened on Tuesday, August 6, 2024, with a price band of Rs 440-465 apiece. Brainbees Solutions IPO GMP stood at Rs 45 apiece as of Tuesday, indicating a listing price of Rs 510 apiece, according to IPO Watch. The IPO was subscribed 11 per cent at the end of day 1 of the offer period.
Brainbees Solutions’ IPO consists of a Rs 2527.73 crore fresh issue and an offer for sale worth Rs 1,666.00 crore. This marks a 9.68 per cent premium over the upper price band of the IPO. GMP or grey market premium is the extra amount that an investor is willing to pay over the IPO price to acquire the company’s shares. Brainbees Solutions IPO minimum lot size stood at 32 shares worth Rs 14,880.
Brainbees IPO key dates and other details
Brainbees Solutions IPO, which opened on August 6, 2024, will close on August 8, 2024. Here are the other key dates:
Allotment date: August 9, 2024
Shares to be credited on: August 12, 2024
List price: August 13, 2024
Firstcry IPO lead managers include:
Kotak Mahindra Capital
Morgan Stanley India
BofA Securities India
JM Financial
Avendus Capital
Brainbees Solutions is focused on the neo-natal and new mother segment with its brand Firstcry which counts Ratan Tata, and Manipal Group’s Ranjan Pai, among others. The multi-channel retailer aims to use the IPO proceed to expand its physical brand network and set up a warehouse. It also plans to expand its BabyHug brand using the IPO proceeds.
Brainbees IPO share quota
Qualified Institutional Buyers can purchase 27,036,953 shares
Non-Institutional Investors can purchase 13,518,476 Shares
Retail investors can buy 9,012,317 shares
Employees may purchase 71,258 Shares
Brainbees Solutions reported a 14.72 per cent in revenues to Rs 6,575.08 crore while losses contracted 33.58 per cent to Rs 321.5 apiece.
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Brainbees Solutions IPO: FIrstcry IPO opened on August 6, 2024, with a price band of Rs 440-465 apiece. Check latest subscription status and GMP. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
