🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
🔥 10 people are talking about this
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).
View Source
2
Related News
FirstCry Bags INR 188.5 Cr From Anchor Investors
Inc42
·
1y ago
Medial
FirstCry, a leading baby products retailer, has allotted shares to anchor investors as part of its upcoming IPO. The anchor investors include prominent names like the Government of Singapore and investment firms such as ADIA, Nomura, Fidelity India, and Goldman Sachs. FirstCry aims to raise INR 4,193 crore through its IPO.
View Source
Unicommerce IPO: SoftBank Backed Startup Raises Over INR 124 Cr From Anchor Investors
Inc42
·
1y ago
Medial
SaaS startup Unicommerce has raised INR 124.4 Cr from 14 anchor investors ahead of its IPO opening on August 6. The IPO consists of only an Offer For Sale (OFS) component of 2.56 Cr equity shares. The startup allocated 1.15 Cr equity shares to anchor investors at INR 108 apiece, with various mutual funds being the major beneficiaries.
View Source
IPO-Bound TBO Tek Raises INR 696 Cr From 47 Anchor Investors
Inc42
·
1y ago
Medial
Travel Boutique Online (TBO Tek), a B2B travel portal, has raised INR 696.5 Cr ($93.7 million) from 47 anchor investors ahead of its public listing. The company has allocated 45.7 million shares to these investors at an anchor investor allocation price of INR 920 per share. The anchor round saw participation from Abu Dhabi Investment Authority (ADIA), Government Pension Fund of Norway, ICICI Prudential Mutual Fund, and other notable investors. TBO Tek aims to raise around INR 1,551 Cr ($208.4 million) through its IPO which opens on May 8. The funds raised will be used for growth, technology enhancement, and other purposes.
View Source
Northern Arc Capital raises Rs 229 Cr from anchor investors pre-IPO
YourStory
·
10m ago
Medial
Non-bank financial institution Northern Arc Capital has raised Rs 229 crore ($31 million) from anchor investors ahead of its upcoming initial public offering (IPO). The funds were collected by issuing over 87 lakh equity shares at Rs 263 each to anchor investors including SBI General Insurance, Kotak Mahindra Life Insurance, and Goldman Sachs. Northern Arc Capital's IPO, which consists of a fresh issue of equity shares worth Rs 500 crore and an offer for sale of up to Rs 277 crore, is set to open for public subscription on September 16.
View Source
Awfis raises Rs 269 crore from anchor investors ahead of IPO
Economic Times
·
1y ago
Medial
Flexible office space provider, Awfis Space Solutions, has raised nearly Rs 269 crore ($36 million) from anchor investors ahead of its IPO. 19 domestic mutual funds contributed Rs 144 crore ($19 million) to the capital raising, with the remainder coming from other investors including Allianz Global Investors Fund and HSBC Global Investment Fund. The IPO will raise an additional Rs 128 crore ($17 million) in fresh capital for the company, while the offer for sale component will consist of 12.3 million shares from existing investors. The IPO is set to launch on 22 May.
View Source
Oswal Pumps raises Rs 416 crore from anchor investors ahead of IPO
Economic Times
·
1m ago
Medial
Oswal Pumps raised ₹416 crore from anchor investors ahead of its IPO, indicating strong institutional interest. The IPO includes a fresh issue of shares worth ₹890 crore and an offer for sale of 81 lakh shares by promoter Vivek Gupta. Scheduled from June 13 to June 17, the IPO is priced between ₹584 to ₹614 per share, potentially raising ₹1,387.34 crore. The issue involves a book-building process with allocations for institutional, non-institutional, and retail investors.
View Source
BlueStone Jewellery raises Rs 693 crore from anchor investors ahead of IPO
Economic Times
·
10h ago
Medial
BlueStone Jewellery and Lifestyle raised over Rs 693 crore from anchor investors ahead of its IPO. The Bengaluru-based company, known for its "BlueStone" brand, aims to use the fresh issue's proceeds for working capital and expenses. The IPO, priced between Rs 492 and Rs 517 per share, involves a fresh issue of Rs 820 crore and an offer for sale of Rs 720.65 crore. Institutional investors include SBI Life, Goldman Sachs, and others.
View Source
Knowledge Realty REIT raises Rs 1620 crore from anchor investors ahead of IPO; Jhunjhunwala among investors
Economic Times
·
4d ago
Medial
Knowledge Realty Trust REIT has raised Rs 1,620 crore from anchor investors ahead of its IPO, with investors including LIC, Jhunjhunwala Trust, and others. The IPO, set to open for public subscription, aims to raise Rs 4,800 crore through a fresh issuance. The funds will primarily repay existing debt. This marks the first REIT IPO under Sebi's new regulations. The sponsors include Sattva Developers, with Axis Trustee and Knowledge Realty Office Management Services managing the issue.
View Source
Mamaearth parent Honasa raises Rs 765 crore from anchor investors ahead of IPO
Economic Times
·
1y ago
Medial
Mamaearth parent Honasa has raised Rs 765 crore from anchor investors ahead of its IPO. The company plans to use the funds to enhance its manufacturing capabilities, expand its product portfolio, and for marketing and brand building activities. Honasa offers a range of personal care products under various brands, including Mamaearth, The Derma Co, and The Moms Co.
View Source
JSW Cement IPO: Company raises Rs 1,080 crore from anchor investors ahead of issue
Economic Times
·
2d ago
Medial
JSW Cement raised Rs 1,080 crore from 52 anchor investors ahead of its IPO, set to open on the public subscription from Thursday. They allocated over 7.3 crore shares at Rs 147 each with mutual funds holding 44.45% of it. The IPO includes Rs 3,600 crore with a fresh issue of Rs 1,600 crore and an offer for sale of Rs 2,000 crore. Proceeds will fund a new facility and repay debts.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in