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FirstCry refiles IPO papers, reports December revenue at Rs 4,841 crore

Economic TimesEconomic Times · 6m
FirstCry refiles IPO papers, reports December revenue at Rs 4,841 crore

FirstCry, a retailer for baby and mother care products, has resubmitted its draft IPO papers after being asked by the Securities and Exchange Board of India (Sebi) to provide more disclosure of key performance indicators. The company aims to raise $218 million through the issuance of new shares and the divestment of existing shares. For the nine months ending December 2023, FirstCry recorded operating revenue of INR 4,814 crore with a net loss of INR 278 crore. The majority of its sales come from online channels, and it had gross sales of INR 5,650 crore during the same period. The IPO launch is expected to happen later than initially planned, and the final valuation of the company will determine the size of the IPO.

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