The Brainbees Solutions (Firstcry) IPO is a book-built issue worth Rs 4,193.73 crores. It consists of a fresh issue of 3.58 crore shares totaling Rs 1,666.00 crores and an offer for sale of 5.44 crore shares totaling Rs 2,527.73 crores.
The IPO opens for subscription on August 6, 2024, and closes on August 8, 2024. The allotment is expected to be finalized on Friday, August 9, 2024, with the shares listed on BSE and NSE on Tuesday, August 13, 2024.
The price band for the IPO is set between ₹440 and ₹465 per share. The minimum lot size for an application is 32 shares, requiring a minimum investment of ₹14,880 for retail investors. For sNII, the minimum investment is 14 lots (448 shares) amounting to ₹208,320, and for bNII, it is 68 lots (2,176 shares) amounting to ₹1,011,840.
- Book Running Lead Manager – Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd, Bofa Securities India Limited, Jm Financial Limited and Avendus Capital Pvt Ltd
- Registrar of the Issue – Link Intime India Private Ltd
Below are the details of Brainbees Solutions Limited (Firstcry) IPO Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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Brainbees Solutions Limited IPO 2024 Details
| IPO Date | August 6, 2024 to August 8, 2024 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹440 to ₹465 per share |
| Lot Size | 32 Shares |
| Total Issue Size | 90,187,690 shares (aggregating up to ₹4,193.73 Cr) |
| Fresh Issue | 35,827,957 shares (aggregating up to ₹1,666.00 Cr) |
| Offer for Sale | 54,359,733 shares of ₹2 (aggregating up to ₹2,527.73 Cr) |
| Employee Discount | Rs 44 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 483,349,470 |
| Share holding post issue | 519,177,427 |
Brainbees Solutions(Firstcry) IPO 2024 Timeline
| IPO Open Date | Tuesday, August 6, 2024 |
| IPO Close Date | Thursday, August 8, 2024 |
| Basis of Allotment | Friday, August 9, 2024 |
| Initiation of Refunds | Monday, August 12, 2024 |
| Credit of Shares to Demat | Monday, August 12, 2024 |
| Listing Date | Tuesday, August 13, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 8, 2024 |
Brainbees Solutions Limited IPO 2024 Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹14,880 |
| Retail (Max) | 13 | 416 | ₹193,440 |
| S-HNI (Min) | 14 | 448 | ₹208,320 |
| S-HNI (Max) | 67 | 2,144 | ₹996,960 |
| B-HNI (Min) | 68 | 2,176 | ₹1,011,840 |
Brainbees Solutions Limited IPO 2024 Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 75.00% of the Net offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
Brainbees Solutions Limited IPO 2024 Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 7,510.38 | 7,119.83 | 6,197.16 |
| Revenue | 6,575.08 | 5,731.28 | 2,516.92 |
| Profit After Tax | -321.51 | -486.06 | -78.69 |
| Net Worth | 3,170.74 | 3,456.26 | 3,527.94 |
| Reserves and Surplus | 3,081.74 | 3,367.21 | 3,439.17 |
| Total Borrowing | 462.72 | 176.47 | 90.16 |
| Amount in ₹ Crore | |||
Brainbees Solutions Limited IPO 2024 Review
Firstcry is India’s largest multi-channel retailing platform for Mothers’, Babies’, and Kids’ products, with a presence in select international markets. Launched in 2010, FirstCry aims to be a one-stop destination for parenting needs, offering a wide range of products through online and physical stores. It seeks to build long-term relationships with parents from conception until the child is 12 years old. The company has expanded into the UAE and KSA and plans further international growth.
FirstCry’s IPO, opening on August 6, 2024, consists of a fresh issue of shares worth Rs. 1,666.00 crores and an offer for sale worth Rs. 2,527.73 crores. The IPO price band is set at ₹440 to ₹465 per share. The funds will be used for expanding stores, overseas operations, marketing, technology, and general corporate purposes. Despite financial losses in recent years, the company has seen growth in revenue, customer base, and order volume. The IPO aims to raise Rs. 4,193.73 crores, with shares listed on BSE and NSE on August 13, 2024.