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FirstCry announces Rs 440-465 price band for Rs 4,194 crore IPO. Check details
Economic Times
·
1y ago
Medial
FirstCry, an omnichannel kids' clothing brand operated by Brainbees Solutions, has announced the price band for its upcoming IPO at Rs 440-465. The IPO will consist of a fresh issue of shares worth Rs 1,666 crore and an offer for sale of up to 5.2 crore shares. Notable sellers in the IPO include Mahindra & Mahindra, SVF Frog, Tata Sons Chairman Emeritus Ratan Tata, and FirstCry Co-Founder and CEO Supam Maheshwari. The IPO will be open for bidding from August 6 to August 8. The proceeds will be utilized for various purposes, including expansion and marketing initiatives.
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Related News
FirstCry raises $227 Mn from anchor investors ahead of IPO
Entrackr
·
1y ago
Medial
BrainBees Solutions Limited, the parent company of FirstCry, has offered Rs 1,886 crore (approximately $227 million) worth of shares to 71 anchor investors as part of its initial public offering. The board at FirstCry has passed a resolution to offer 4,05,55,428 equity shares at an issue price of Rs 465 each (upper-band) to its anchor investors, its regulatory filing accessed from the Bombay Stock Exchange shows. SBI, Fidelity, Goldman Sachs, ICICI, HDFC, Kotak, Bajaj Allianz, Steadview, Morgan Stanley, and Max Life are some key anchor investors in Firstcry’s IPO. FirstCry will initiate its public offering from August 6 to August 8 with a price band of Rs 440-465 with a minimum bid quantity of 32 shares. Before the anchor investment round, SoftBank was the largest shareholder in FirstCry with a 25.53% stake followed by Mahindra & Mahindra and Premji Invest which hold 10.97% and 10.36% respectively. The company’s founder Supam Maheshwari has 6% of the share capital while the entire ESOP pool forms 8.4% of the cap table. FirstCry demonstrated decent growth during the last fiscal year. Its operating revenue increased by 15% to Rs 6,481 crore while the Pune-based firm managed to control its losses by 34% to Rs 321 crore in FY24 with an improved EBITDA margin. As per the company’s DRHP, it had 1,018 offline stores across the country out of which 632 were franchise-owned while remaining owned by the company until the end of the last calendar year (2023).
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FirstCry’s top executives, investors likely to win big with IPO
Livemint
·
1y ago
Medial
FirstCry, a children's clothing company, is set to debut on the stock market, with its IPO scheduled for August 13th. The price range for the IPO has been set at INR 440 to INR 465 per share, and the company is seeking a valuation of $2.9 billion. Top executives at FirstCry stand to make significant returns, with the founding team alone holding shares valued at INR 2,127 crore. Investors such as Mahindra & Mahindra, Schroders Capital, and NewQuest are also expected to make substantial gains. The proceeds from the IPO will be used for various purposes, including investments in subsidiary companies and sales and marketing activities.
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Mobikwik shares in bear grip, down 35% from IPO listing price; what's next?
Business Today
·
5m ago
Medial
Mobikwik Systems shares have experienced a significant decrease, falling 35% from their IPO listing price of Rs 442. The record low for the shares was Rs 261.30, while the current trading price is Rs 287. The fintech company, known for prepaid digital wallets and online payment services, has a market cap of Rs 2,235.81 crore. The IPO, which opened in December 2024, had a price band of Rs 265 to Rs 279 per share.
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SoftBank executive Paul Davison leaves FirstCry board
Economic Times
·
9m ago
Medial
Paul Davison, partner at SoftBank Vision Fund, has resigned as a non-executive director of Brainbees Solutions, the parent company of FirstCry. The resignation is due to SoftBank's compliance policies now that FirstCry is a public company. SoftBank typically exits board positions in companies after they go public for governance and compliance reasons. FirstCry recently made its stock market debut, opening at a premium of 34.4% above its IPO price. In the quarter ending June 30, the company reported a consolidated net loss of Rs 57 crore and revenue of Rs 1,652 crore. The shares of FirstCry closed at Rs 633.25 on Tuesday.
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Regaal Resources' IPO to open on Aug 12; sets price band at Rs 96-102/ share
Economic Times
·
1d ago
Medial
Regaal Resources Ltd, a maize-based starch manufacturer, announced an IPO with a price band of Rs 96-102 per share, aiming to raise Rs 306 crore. The IPO, open from August 12-14, includes a fresh issue of Rs 210 crore and an offer-for-sale of 94.12 lakh shares worth Rs 96 crore. Proceeds will mainly settle debts. The company's 2025 revenue rose 52.52% to Rs 915.16 crore, with profits more than doubling to Rs 47.67 crore.
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Dr Agarwal's Health Care IPO to open on Jan 29; sets price band at Rs 382-402/share
YourStory
·
6m ago
Medial
Dr Agarwal's Health Care, backed by Temasek Holdings and TPG, is launching its Rs 3,027-crore IPO from January 29-31, 2025, with a price band of Rs 382-402 per share. The IPO includes a fresh issue of Rs 300 crore and an Offer For Sale by promoters totaling Rs 2,727.26 crore. Proceeds will help pay off debt and cover general corporate needs. The company, with 193 facilities, had revenue of Rs 1,332.15 crore in FY2024.
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Kalpataru raises Rs 708 cr from anchor investors ahead of IPO
Economic Times
·
1m ago
Medial
Real estate developer Kalpataru Ltd raised Rs 708 crore from anchor investors, including GIC and Bain Capital, ahead of its IPO scheduled for June 24-26. The company plans to raise up to Rs 1,590 crore with a price band of Rs 387 to Rs 414 per share. Kalpataru aims to utilize the funds for debt payment and corporate purposes. The IPO consists entirely of a fresh equity issue with no offer for sale component.
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Glen Industries IPO GMP at 31% as issue gets subscribed over 6 times on day 2, so far
Economic Times
·
1m ago
Medial
Glen Industries' IPO, with a Rs 97 upper price band, saw a grey market premium of 31% on its second day, predicting a listing at Rs 127. The IPO was subscribed over six times, with notable demand from Retail Individual Investors. The company, which produces eco-friendly packaging, plans to use IPO funds for a new manufacturing facility in West Bengal, aiming for a revenue of Rs 1,000 crore by 2030.
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Swiggy ups primary share sale to Rs 4,499 crore in IPO, cuts secondary share sale
Economic Times
·
9m ago
Medial
Swiggy has filed its red herring prospectus with SEBI for its Rs 11,300 crore IPO, increasing its primary fundraise to Rs 4,499 crore. The offer for sale window has been reduced to 175.1 million shares. Prosus, the largest investor in Swiggy, has decreased its divestment to 109.1 million shares. Swiggy's IPO price band is expected to be announced soon, with reports suggesting a range of Rs 371-390 per share. The IPO has attracted interest from global and domestic investors. Zomato, Swiggy's rival, has also received approval for a Rs 8,500 crore QIP.
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Indiqube Spaces IPO opens on July 23; GMP hints at 13% premium
Economic Times
·
17d ago
Medial
Indiqube Spaces is set to launch its IPO on July 23, with shares trading at a grey market premium (GMP) suggesting a 13% potential listing gain over the Rs 237 upper price band. The IPO includes a Rs 700 crore issue, comprising a Rs 650 crore fresh issue and a Rs 50 crore offer for sale. Proceeds will fund new centers, repay borrowings, and serve general corporate purposes. Founded in 2015, the workspace solutions provider reported significant financial improvements in FY25.
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