FirstCry listing today: FirstCry parent firm, Brainbees Solutions lists at Rs 651 on the National Stock Exchange. A premium of 40% to the issue price of Rs 465.
The company raised a total of Rs 4,193.73 crore through a combination of fresh shares as well as an offer for sale.
GMP
The stocks of FirstCry were fetching a premium of almost 19% in the grey market. It is an unofficial place where shares trade illegally ahead of listing.
IPO Details
The issue was opened to investors for bidding on August 06 and stopped taking bids on August 08. After that, the shares of the company were allotted on August 09.
Price Band
The company had fixed the IPO price band in a range of Rs 440 to Rs 465 per equity share. A retail buyer had to bid for at least 32 shares amounting to Rs 14,880. Meanwhile, there were different lot sizes for small NIIs, big NIIs, and QIBs.
About Brainbess Solutions
Brainbees Solutions offers products for mothers, babies, and kids via its online platform ‘FirstCry’. The company offers everything needed for an infant up to the age of 12, including apparel, footwear, baby gear, nursery, diapers, toys, and personal care, amongst others.
Employee Reservation
The issue included a reservation of up to 71,258 shares for employees, which were offered to them at a discount of Rs 44 to the issue price.
BRLMs and Registrar
Kotak Mahindra Capital, Morgan Stanley India Company, BofA Securities India, JM Financial, and Avendus Capital were the book-running lead managers. Link Intime India was the registrar for the issue.