Firstcry Share Price Highlights: Brainbees Solutions stock settles 3.4% higher after debut at 40% premium

4 min read | Updated on August 13, 2024, 15:44 IST

SUMMARY

Firstcry IPO: Brainbees Solutions's public issue consists of a fresh issue of equity shares valued at ₹1,666 crore and an OFS (offer for sale) component of up to 5.44 crore shares worth ₹2,528 crore by existing shareholders. This brings the total issue size to ₹4,194 crore.

FirstCry is the largest multi-channel, multi-brand retailing platform for mothers', babies' and kids' products in India.

Firstcry IPO Share Price Live Update at 3:35 pm: Shares of Brainbees Solutions settled 3.4% higher at ₹673.5 apiece on the NSE.

Firstcry IPO Share Price Live Update at 2:52 pm: The market capitalisation of Brainbees Solutions Ltd stands at ₹35,413.55 crore as the stock gains 4.7% to ₹682.1 on the NSE.

Firstcry IPO Share Price Live Update at 2:06 pm: Brainbees Solutions stock price

Current price: ₹684.5 (+5.15%)
Open: ₹651
Previous close: ₹465
High: ₹707.7
Low: ₹640

Firstcry IPO Share Price Live Update at 1:17 pm: Trading stats

Traded volume (Lakhs): 518.06
Traded value: ₹3,481.27 crore
Total market cap: ₹35,823.71 crore

Firstcry IPO Share Price Live Update at 12:35 pm: Firstcry's parent Brainbees solutions shares jump 6.2% to ₹691.4 on the NSE.

Firstcry IPO Share Price Live Update at 12:05 pm: The market capitalisation of Brainbees Solutions Limited stands at ₹35,865.24 crore as the stock gains 6.1% to ₹690.8 on the NSE.

Firstcry IPO Share Price Live Update at 11:30 am: Shares of Firstcry's parent Brainbees solutions rise 3.4% to ₹673.7 on the NSE.

Firstcry IPO Share Price Live Update at 11:08 am: Trading stats

Traded bolume (Lakhs): 405.08 Traded value: ₹2,704.32 crore Total market cap: 35,138.3 crore

Firstcry IPO Share Price Live Update at 10:23 am: Brainbees Solutions shares are trading 4.3% higher at ₹679 on the NSE.

Firstcry IPO Listing Live Update at 10:00 am: Brainbees Solutions shares made a strong debut, listing at ₹651 on the National Stock Exchange against the issue price of ₹465, resulting in a premium of 40%. The stock opened at ₹625, up 34.4%, on the BSE.

Firstcry IPO Listing Live Update at 9:48 am: About the company

Launched in 2010, FirstCry is India's largest multi-channel, multi-brand retailing platform for products for mothers, babies and kids. It was established to create a one-stop destination for parenting needs across commerce, community engagement, content, and education based on brand affinity, loyalty and trust of customers.

Further, FirstCry established itself in the UAE and Saudi Arabia in 2019 and 2022, respectively.

Firstcry IPO Listing Live Update at 9:34 am: How will Brainbees Solutions use net proceeds?

The company will use net proceeds from the fresh issue for establishing stores under the brand 'BabyHug', investment in subsidiaries, overseas expansion, and sales and marketing initiatives. A portion will also be used for corporate general purposes.

Firstcry IPO Listing Live Update at 9:22 am: The public issue of Pune-based Brainbees Solutions (Firstcry) consists of a fresh issuance of equity shares valued at ₹1,666 crore and an OFS (offer for sale) component of up to 5.44 crore shares worth ₹2,528 crore by existing shareholders. This takes the total issue size to ₹4,194 crore.

Under the OFS, SVF Frog, a Cayman Islands-registered company of Softbank, sold 2.03 crore equity shares of Brainbees Solutions, and automaker Mahindra & Mahindra (M&M) offloaded 28.06 lakh shares of the company.

Apart from Softbank and M&M, others selling shares in the OFS are TPG, PI Opportunities Fund, NewQuest Asia Investments, Schroders Capital and Apricot Investments. Further, individuals selling shareholders include veteran industrialist Ratan Tata.

Firstcry IPO Listing LIVE: Shares of e-commerce platform Firstcry's parent, Brainbees Solutions, will list on the National Stock Exchange (NSE) and the BSE on Tuesday, August 13.

The ₹4,194 crore initial public offering (IPO) was subscribed 12.22 times, receiving bids for 60.64 crore equity shares against 4.96 crore shares on offer.

The qualified institutional buyers (QIBs) portion was subscribed 19.30 times, while the non-institutional investors (NIIs) category received a subscription of 4.68 times. The retail investors' portion received a subscription of 2.31 times.

Brainbees Solutions Ltd had also mobilised ₹1,886 crore from anchor investors before the IPO.

The issue, open for bidding from August 6 to August 8, had a price band of ₹440-₹465 a share.

To know more about IPO listings, schedule and upcoming IPOs, click here.

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