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FirstCry files RHP, IPO subscription opens on August 6
Economic Times
·
1y ago
Medial
The IPO of parenting retail firm FirstCry, operated by Brainbees Solution, is set to open on August 6 and close on August 8. The company has reduced the size of its fresh issue to Rs 1,666 crore, while the offer for sale remains unchanged. Mahindra & Mahindra and SVF Frog are among the participants in the OFS. FirstCry reported a 15% growth in operating revenue and reduced losses by 34% in FY24. The company is likely to be valued at around $3 billion for its public issue.
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FirstCry-parent BrainBees files RHP, IPO to open on August 6
Inshorts
·
1y ago
Medial
FirstCry-parent BrainBees Solutions has filed its red herring prospectus (RHP) with SEBI for an IPO. The issue will open for subscription on August 6 and close on August 8. The company has reduced the size of its fresh issue to ₹1,666 crore from ₹1,816 crore in the draft red herring prospectus, while the offer-for-sale portion remains at 5.43 crore shares.
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FirstCry set to file final papers for $3-3.5 billion IPO
Economic Times
·
1y ago
Medial
FirstCry, a baby and mother care products retailer, is expected to file its red herring prospectus (RHP) this week for an IPO that values the company at $3-3.5 billion. This will be the second major venture-backed, new-age firm to tap the capital markets this year, following Ola Electric. FirstCry plans to raise $217 million through the IPO, with an offer-for-sale of 54 million shares. The company has received strong interest from institutional investors and aims to close the IPO before August 15. FirstCry operates a network of stores and franchises across multiple cities.
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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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Which 3 IPOs will hit the stock market next week?
ETN News
·
1y ago
Medial
The upcoming week will see FirstCry-parent BrainBees and SaaS startup Unicommerce launch their IPOs in the mainboard segment on August 6. The sole SME IPO of Aesthetik Engineers will launch on August 8 with a price band of ₹55-58 per share. Apart from this, the stock market is also expected to see 12 listings, including that of Ola Electric.
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Ather Energy files RHP to raise Rs 2,626 Cr via fresh issue
Entrackr
·
4m ago
Medial
Ather Energy files RHP to raise Rs 2,626 Cr via fresh issue Electric two-wheeler maker Ather Energy has filed its Red Herring Prospectus (RHP) with market regulator SEBI for its proposed Initial Public Offering (IPO). The offer comprises a fresh issue of equity shares worth Rs 2,626 crore and an Offer for Sale (OFS) of up to 1.1 crore equity shares by existing shareholders, including the company’s founders and early investors. Promoters Tarun Mehta and Swapnil Jain will each offload up to 9.8 lakh shares. Other selling shareholders in the OFS include Tiger Global, Caladium Investment (GIC), National Investment and Infrastructure Fund II, and seed investors such as IITM Incubation Cell and IITMS Rural Technology. The company has appointed Axis Capital, HSBC, JM Financial, and Nomura as the Book Running Lead Managers. The issue is being launched under Regulation 6(2) of SEBI's ICDR regulations, as Ather does not meet the profitability norms required for a mainboard listing under Regulation 6(1). Founded in 2013, Ather sells high-performance electric scooters, including the popular 450X. The IPO represents a pivotal moment for India’s electric vehicle (EV) sector and could bolster investor confidence in clean mobility ventures. The issue opens on April 28, 2025, and closes on April 30, 2025, with the anchor book opening on April 25. Shares will be listed on both BSE and NSE, with NSE serving as the designated stock exchange. According to the RHP, Hero MotoCorp is the largest shareholder in Ather Energy, holding 38.19% of the company. It is followed by Caladium Investment (GIC) with a 15.43% stake. The National Investment and Infrastructure Fund (NIIF) and Tiger Global hold 14.22% and 6.56%, respectively. Ather’s co-founders, Mehta and Jain, each hold 6.81%. Despite being Ather’s debut on public markets, the company has flagged the inherent risks associated with new listings in its RHP. Proceeds from the fresh issue will be used for business expansion, product development, and debt reduction. Meanwhile, Ola Electric, the first EV startup to go public, has witnessed a sharp decline, losing nearly 66% of its market capitalization from its peak valuation. In the first nine months of FY25, the company sold 1,08,000 vehicles, generating revenue of Rs 1,578.9 crore. However, it posted a loss of Rs 579.6 crore during the same period. For the full fiscal year ending March 2024, the company reported revenue of Rs 1,753 crore with a loss of Rs 1062 crore.
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Hyundai, Swiggy, NTPC Green-India's biggest IPOs of 2024
Money Control
·
10m ago
Medial
1. Hyundai Motor India's $3 billion IPO opens for subscription next week with the aim of achieving a valuation of around $19 billion. 2. Swiggy, backed by SoftBank, is planning an IPO worth $1.25 billion. 3. NTPC's green energy arm has filed for a $1.2 billion IPO. 4. Bajaj Housing Finance's shares have more than doubled after a successful $782 million IPO. 5. Ola Electric's $734 million IPO in August garnered interest from investors like Fidelity and Nomura. 6. Schloss Bangalore, backed by Brookfield, has filed for a $599 million IPO. 7. Bharti Hexacom's $511 million IPO in April received bids exceeding $8 billion. 8. Aadhar Housing Finance raised $358 million through its IPO in May.
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Dalal Street buzzes with IPO frenzy: Major listings and debuts ahead
Money Control
·
1y ago
Medial
Akums Drugs and Pharmaceuticals will make its debut on the stock market on August 6. In addition, Brainbees Solutions, the operator of Firstcry, is launching a significant IPO worth Rs 4,194 crore and Unicommerce eSolutions is set to launch a Rs 277 crore IPO on the same day. Other IPOs closing next week include Ceigall India and Ola Electric Mobility. The SME segment will also see several listings next week, including Aesthetik Engineers, Kizi Apparels, and Utssav Cz Gold Jewels.
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Funding cycles come and go; great teams persist, compound value for shareholders: FirstCry’s Supam Maheshwari
Economic Times
·
1y ago
Medial
Indian retail brand FirstCry, operated by Brainbees Solutions, will launch its IPO on August 6, with a target of raising Rs 4,188 crore. CEO Supam Maheshwari discussed the company's journey, the changing IPO landscape for new-age firms, and plans for expansion. Despite market fluctuations, Maheshwari emphasized the importance of creating sustainable value and building a unique ecosystem story. FirstCry plans to open 350 stores over the next three years, invest in technology and manufacturing, and expand internationally. Maheshwari highlighted the significance of the omnichannel model and the growth potential in both online and offline retail. The company's brand aggregator platform, Globalbees, also showed positive financial performance.
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Swiggy Files RHP, Increases Fresh Issue Size To INR 4,499 Cr
Inc42
·
10m ago
Medial
Swiggy, the decacorn, plans to open its long-awaited public issue for subscription from November 6 to November 8. The company has reduced the size of its Offer for Sale (OFS) component to 17.5 crore equity shares compared to its previous filing in September. Although the IPO price band has not been revealed, reports suggest that Swiggy will set it between INR 371 and INR 390.
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Unicommerce Sets IPO Price Band At INR 102-108, Aims To Raise Over INR 276.5 Cr
Inc42
·
1y ago
Medial
Unicommerce, a startup, is set to raise over INR 276.57 Crores in its upcoming IPO, which consists solely of an offer for sale (OFS) aggregating up to 2.56 Crore equity shares. The IPO will open for bidding on August 6 and close on August 8.
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