FirstCry Share Price Today: On August 13, Brainbees Solutions Ltd., the company that runs the FirstCry platform, made a big splash when its shares went up 40% on the market. The NSE opened the shares at Rs 651, which was more than the Rs 465 IPO price. At Rs 675.70, its shares closed 3.8 percent higher.
A new issue of 3.6 crore shares valued at Rs 1,666 crore and an offer to sell 5.4 crore shares valued at Rs 2,527.7 crore made up the Rs 4,193.7 crore IPO. The price band for the FirstCry IPO was ₹440 to ₹465 per share.
FirstCry IPO Subscription Status
12.2 times as many people subscribed to the FirstCry IPO total between August 6 and August 8, when it was available for subscription. Qualified Institutional Buyers (QIBs) showed great interest by subscribing 19.3 times, the retail category received 2.3 subscriptions, and the Non-Institutional Investors (NIIs) category received 4.7 subscriptions.
Before the IPO, Brainbees Solutions Limited raised Rs 1,885.8 crore on August 5 from anchor investors. Founded in 2010, the company offers a wide selection of items for moms, infants, and children via its FirstCry platform, which has over 1.5 million SKUs from over 7,500 vendors.
In addition to opening more “FirstCry” and “BabyHug” stores, investing in data science and technology, and pursuing other business growth endeavors, the money earned from the initial public offering (IPO) will be put to use for several purposes.
The book-running lead managers for the FirstCry IPO are Kotak Mahindra Capital Company Ltd, Morgan Stanley India Company Pvt Ltd, Bofa Securities India Ltd, JM Financial Ltd, and Avendus Capital Pvt Ltd. For the problem, Link Intime India Pvt Ltd is the registrar.
Firstcry IPO GMP Today
Firstcry’s IPO GMP is currently ₹80. This indicates that the gray market anticipates Firstcry’s IPO listing price to be approximately ₹545 (₹465 + ₹80). According to the grey market, allottees of the Firstcry IPO may have received approximately 17 listing profits on their investment.
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