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Grapevine

FirstCry Shares List At 40% Premium Over IPO Price On Debut

  • Shares of kids-focused omnichannel retailer FirstCry made a strong debut on the exchanges today, opening higher than the issue price.
  • On the NSE, shares of FirstCry’s parent Brainbees Solutions opened at INR 651, at a premium of 40% over its issue price of INR 549. On the BSE, it listed at INR 625, reflecting a 34.4% premium.
  • FirstCry has set a price range of INR 440 to INR 465 per equity share for the IPO. At the upper end of the band, Brainbees Solutions intends to raise INR 4,193 Cr.
  • The omnichannel baby and kids marketplace raised INR 1,885.82 Cr from anchor investors at INR 465 per equity share, with participation from major investors like the Government of Singapore and Abu Dhabi Investment Authority.
  • FirstCry’s market capitalization stands at INR 6,934.74 Cr as of today.

Source: Inc42

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