The IPO of FirstCry, a retail outlet chain company, is going to hit the market soon. FirstCry’s parent company BrainBees Solutions has announced information like the date and price band of the IPO. With this, the wait of investors is now going to end.
Bidding will start from next week
FirstCry’s IPO is going to open on August 6. For anchor investors, this issue will open a day before i.e. on August 5. Common investors will be able to bid till August 8 to subscribe to this IPO. Shares will be allotted to successful investors on August 9, while shares will be credited to their demat account on August 12. After the IPO, the listing of FirstCry’s shares will be on August 13.
This is how big FirstCry’s IPO will be
The company has fixed a price band of Rs 440 to Rs 465 for this IPO. The size of the company’s IPO is going to be Rs 4,187.72 crore. The company’s IPO will include the issue of fresh shares worth Rs 1,666 crore and an offer for sale of Rs 2,527.72 crore. According to the IPO, the value of the company has been estimated at Rs 22,475 crore.
The company submitted the draft for the second time
FirstCry is a big retail brand in the child care category. The company sells various products related to child care including children’s clothes in many major cities across the country through online and offline stores. Investors in the market have been waiting for its proposed IPO for a long time. The company had filed a fresh draft for its IPO on April 30. Before that, the company had submitted the draft for the first time in December 2023, but after SEBI sought more information, it withdrew the first draft.
This is the current business of FirstCry
Pune-based company Brainbees Solutions does retail business under the brand name FirstCry. Premjit Invest is among the investors of FirstCry. The company has also received investment from investors like Saif Partners, Valiant Capital Partners and IDG Ventures India. The company is currently running more than 100 stores in 85 cities. The company sells more than 90 thousand products of 12 hundred brands including Funskool, Farlin, Mattel, Pampers, Disney.
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