New Delhi: Firstcry’s IPO price band has been fixed at Rs 4440-465 apiece in a public issue that is valued at Rs 4,193.73 crore. Brainbees Solutions, the parent company of Firstcry, is an online and offline retail chain focused on newborns and mothers, with a range including toys and maternity wear apart from supplies for newborns.
The company’s revenue for the period ending March 31, 2204, stood at Rs 6,575.08 crore, up 14,72 per cent from the year-ago period. The company’s losses narrowed to Rs 321.51 crore from Rs 486.06 crore in the year-ago period.
Firstcry IPO GMP
Firstcry IPO GMP stood at Rs 86 per share, indicating a potential listing price of Rs 551 apiece. GMP or grey market premium is the premium that an investor is willing to pay to acquire a company’s share.
Firstcry IPO GMP is up 18.49 per cent.
Firstcry IPO comprises a fresh issue of 35,827,957 shares and and offer for sale comprising 54,359,733 shares.
Firstcry IPO dates
Firstcry IPO will open on Tuesday, August 6, 2024, and close on Thursday, August 8, 2024.
Anchor investors will be allocated their stocks on August 5, 2024.
Other investors will be allotted their shares on August 12, 2024.
The IPO is likley to list on the SBE and NSE on Ausgust 13, 2024.
Firstcry’s IPO minimum lot size has been fixed at 32 shares, which is Rs 14,880 apiece.
The company aims to utilise the IPO processes towards:
Rollout of BabhyHug brand stores
Setting up a warehouse in India
Ensuring lease payments
Invest in overseas expansion
Lead IPO managers on the IPO include:
Kotak Mahindra Capital Co
Morgan Stanley India Co
Bofa Securities India
JM Financial
Avendus Capital
FirstCry IPO: The price band of Brainbees Solutions’ IPO has been fixed. Check GMP and key dates. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
