Good News for Investors: GMP IPO Launching Soon 🔥
🚀 Firstcry’s parent company, Brainbees Solutions Limited, is set to launch its IPO soon. The IPO will be open for investment from August 6th to August 8th, with anchor investors able to participate on August 5th. The price band for the IPO is set at ₹440-465 per share.
📈 Brainbees Solutions aims to raise ₹4,156.52 crores through the IPO, offering 1,666 crore new shares and releasing 5.44 crore shares under the offer for sale. The company’s floor price and cap price are set at 220 times and 232.50 times the face value of equity shares, respectively.
💰 Ratan Tata will be selling 77,900 shares in Firstcry, in which he holds a 0.02% stake acquired at ₹84.72 per share. The company has appointed Kotak Mahindra Capital, Morgan Stanley India, BofA Securities India, JM Financial, and Avendus Capital as the lead managers for the IPO.
📊 Link Intime India has been appointed as the registrar for the IPO. Brainbees Solutions will be listed on both the BSE and NSE indices on August 13th.
👶 Brainbees Solutions primarily sells essential items for children under 12 online, including clothing, footwear, baby gear, nursery items, diapers, toys, and more. The company has 1.5 million SKUs for mothers, infants, and children, with over 7,500 brands on its multi-channel platform.
💡 In the financial year ending March 31, 2024, Brainbees Solutions reported a revenue of ₹6,575.08 crores and a net loss of ₹321.51 crores. For the fiscal year 2022-23, the company posted a net loss of ₹486.06 crores on a revenue of ₹5,731.28 crores.
🏢 The funds raised through the IPO will be used to open new modern stores and warehouses under the ‘BabyHug’ brand. Get ready to invest in the GMP IPO and potentially earn great returns! 💸
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
