Brainbees Solutions Ltd, which operates the Omnichannel kidswear brand FirstCry, is launching its initial public offering (IPO) with a price band of Rs 440-465 per share. Here are the key details:
Issue Open Date : August 6
Anchor Bidding Start Date : August 5
IPO Close Date : August 8
Allotment Basis Determination Date : August 9
Refunds and Shares Credit Date : August 12
Listing Date : August 13
IPO Structure:
Fresh Issue Amount : Rs 1,666 crore
Offer for Sale (OFS) Value (Upper Price Band): Rs 2,527.72 crore
Total Issue Size : Rs 4,187.72 crore
Total Market Cap (Upper Price Band) : Rs 22,475 crore (approx. $2.68 billion)
Background:
- FirstCry is India’s largest omnichannel platform for kidswear.
- The IPO was delayed due to SEBI’s request for more clarity on KPIs.
- The company aims to raise Rs 4,187.72 crore through the IPO.
- Proceeds from the fresh issue will be used for general corporate purposes.
Brainbees Solutions had initially filed for the IPO with the Securities and Exchange Board of India (SEBI) in December of the previous year. However, they withdrew the draft papers after SEBI requested further clarity on key performance indicators (KPIs).
