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Post on Medial

Inactive

Stealth • 3m

🚀 BREAKING: FirstCry's $3 Billion IPO Launch - The Baby Steps to a Giant Leap! How does a baby products retailer grow into a multi-billion-dollar empire? I'm about to share the exciting details of FirstCry's upcoming IPO that's set to shake up the Indian e-commerce scene! 👀 Key highlights that'll make your wallet tingle: → IPO Dates: August 6-8, 2024 → Fresh Issue: ₹1,666 crore ($200 million) → OFS: 54.4 million shares → Target Valuation: $2.9-3 billion → FY24 Revenue: ₹6,481 crore (15% growth) → Major Sellers: SoftBank, Mahindra & Mahindra 🔮 Why it matters: 1. Largest omnichannel baby products retailer in India 2. Demonstrates the potential of niche e-commerce 3. Could pave the way for more Indian startup IPOs Are you ready to witness the birth of India's next e-commerce giant? Follow for more !!!

0 replies7 likes

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Zomato and Swiggy are the "Karan and Arjun of the entrepreneurial world." The IPO was oversubscribed by 3.59 times. The ₹11,300-crore IPO comprised fresh capital raise of ₹4,499 crore and an offer for sale (OFS) of 17.51 shares worth ₹6,828 crore. S

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Mahendra Lochhab

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