FirstCry, operated by Brainbees Solutions Ltd., launched its IPO from August 6 to August 8, 2024, with shares priced between ₹440 and ₹465 each. It received strong demand, being oversubscribed by 12.22 times, with qualified institutional buyers (QIBs) leading the subscriptions at 19.30 times.
The company, which provides products for mothers, babies, and children, listed on the stock exchanges on August 13, 2024, with its shares debuting at ₹625 on the BSE and ₹651 on the NSE, offering a 34% to 40% premium over the issue price.
Proceeds from the IPO will be used to fund expansion, set up new stores and warehouses, marketing, and strategic investments, including in subsidiaries like FirstCry Trading for international expansion and Globalbees Brands for acquisitions【9†source】【10†source】. Baby Products Online India: Newborn Baby Products & Kids Online Shopping at FirstCry.com
NOMURA INDIA INVESTMENT FUND MOTHER FUND A/C (NOMURA) (MF INDIA) bought 48,47,432@ Rs. 681.03 TNTBC AS THE TRUSTEE OF NOMURA INDIA STOCK MOTHER FUND (NOMURA) NISMF bought 32,25,660 @ Rs. 681.03
13 Aug 24
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