FirstCry IPO allotment likely today: Here's how to check status on NSE, Link Intime

Brainbees Solutions Ltd, the parent firm of online baby products platform Firstcry.com, is likely to finalise the share allotment status of its initial public offering (IPO) on Saturday, August 10, reports said. The issue was launched earlier this week.

The mainboard IPO's subscription closed on August 8. On the last day of bidding, the offer was booked more than 12 times. Shares of Brainbees Solutions will be listed on the NSE and BSE. The listing date has been tentatively fixed as August 13.

Investors are eagerly waiting for the company to finalise the share allotment status. Once the company declares it, the IPO bidders can check the share allocation status on the NSE, BSE, and IPO registrar’s websites.

Here’s how to check FirstCry IPO share allotment on the NSE

• Open NSE IPO allotment status page: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password (Create username and password on the NSE website before checking the IPO allotment status)
• Select Brainbees Solutions Ltd from the drop down menu for issue name
• Verify PAN
• Enter IPO application No
• Click on Submit

Steps to check FirstCry IPO share allotment on registrar website

• Go to Link Intime India Pvt ltd website (https://www.linkintime.co.in/)
• Click on Investor Services
• Select Public Issues
• Select Brainbees Solutions Ltd
• Enter application No or PAN, DP/Client ID or Account No / IFSC
• Submit to check allotment status

Steps to check IPO allotment status on BSE

• Open BSE website (https://www.bseindia.com)
• Select Investor Relations and go to public issues
• Click on Application Status (https://www.bseindia.com/investors/appli_check.aspx)
• Select Brainbees Solutions Ltd
• Enter PAN details or application number
• Submit to check details

FirstCry IPO objective

The company has proposed to use IPO proceeds from the fresh issue to set up stores under the 'BabyHug' brand. It will also use the proceeds for investment in subsidiaries, sales and marketing initiatives and overseas expansion.

FirstCry IPO details

Firstcry’s parent Brainbees launched the IPO on August 6 to raise ₹4,194 crore from investors. The public offer of the Pune-based company comprised a fresh issue of 3.58 crore equity shares worth up to ₹1,666 crore and an Offer for Sale of up to 5.44 crore shares worth up to ₹2,528 crore by existing shareholders.

Softbank affiliate SVF Frogdivested 2.03 crore equity shares while Mahindra & Mahindra (M&M) sold 28.06 lakh shares through the OFS. NewQuest Asia Investments, PI Opportunities Fund, TPG, Apricot Investments and Schroders Capital also sold shares through the OFS.

The IPO price band was fixed at ₹440 to ₹465 a share. The minimum lot size was 32 shares, amounting to an investment of ₹14,880.

At the close of bidding on August 8, Thursday, the IPO of Brainbees Solutions Ltd was booked 12.22 times. The ₹4,194-crore IPO received bids for 60.64 crore equity shares against 4.96 crore shares on offer, according to exchange data.

The Qualified Institutional Buyers’s portion was booked 19.3 times. Non-institutional investors’ quota was subscribed 4.68 times while the Retail Individual Investors’ portion was booked 2.31 times. Earlier Brainbees Solutions raised ₹1,886 crore from anchor investors.