The two IPOs of FirstCry and Unicommerce eSolutions will debut will open for subscription on August 6. Both belong to the mainboard segment.
FirstCry IPO
The Firstcry IPO will remain open for bidding for three days – August 6 to 8, 2024.
Brainbees Solutions, the parent company of FirstCry wants to mop up Rs 4,193.73 crores – Offer For Sale (OFS) of Rs 2,527.73 crores (5.44 crore shares) and fresh issue of Rs 1,666 shares (3.58 crore shares)
FirstCry IPO priceband
The price band is Rs 440-465 per equity share.
The book-running lead managers to the issue are Morgan Stanley India, Kotak Mahindra Capital, Bofa Securities India, JM Financial Limited, and Avendus Capital.
Pune-based FirstCry is a prominent e-commerce firms in the kids and babies items segment. It has the BabyHug brand of kid care items.
Lot size of FirstCry
Brainbees Solutions has kept not more than 10 per cent for retail investors.
The lot size for the public issue is 32 shares and beyond that in multiples of 32. However, a retail investor cannot bid more than 13 lots or 13 X 32 (= 416) shares.
It means one needs to commit a minimum of Rs 14,880 for one lot of FirstCry shares.
The allotment of FirstCry shares would be completed on August 9, 2024. The shares are supposed to be listed on August 13, 2024.
FirstCry financials
FirstCry registered revenues of Rs 6,480.85 crore in FY24, Rs 5,632.53 crore in FY23 and Rs 2,401.28 crore in FY22. In FY24, the company recorded a net loss of Rs 321.50 crore. It was Rs 486.05 crore in FY23.
FirstCry will use the IPO proceeds mainly to set up new stores under the BabyHug brand and for a warehouse in India.
Unicommerce eSolutions IPO
It will remain open for bidding between August 6 and 8.
It wants to raise Rs 276.57 crores and through the sale of 2.56 crore shares. It is entirely an OFS.
The price band for an equity share is between Rs 102-108. The lead managers are IIFL Securities and CLSA India.
Unicommerce eSolutions allotment and listing
The allotment is scheduled to take place on August 9. The listing could take place on August 13, 2024.
The minimum lot size for an application is 138 shares and an applicant would have to earmark a minimum amount of Rs 14,904.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Both Firstcry and Unicommerce eSolutions IPOs would open for subscription on August 6, 2024. The GMPs of FirstCry and Unicommerce eSolutions were Rs 95 and Rs 30 respectively on August 3. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
