Firstcry IPO Day 2 Highlights: Issue subscribed 30%, retail investors lead; check details

4 min read | Updated on August 07, 2024, 17:13 IST

SUMMARY

Brainbees Solutions (Firstcry) IPO is a book-built issue valued at ₹4,193.73 crore. The mainboard public offer consists of a fresh issue of 3.58 crore shares, worth ₹1,666 crore, and an offer-for-sale component of 5.44 crore shares, amounting to ₹2,527.73 crore.

Shares of Firstcry's parent Brainbees Solutions Ltd will be listed on the NSE and BSE.

Firstcry IPO Day 2 Live Update at 5:10 pm: Subscription status

Issue subscribed 30% on day 2 of bidding.

Category-wise subscription

Qualified institutional buyers (QIBs): 03%
Non-institutional investors (NIIs): 30%
Retail individual investors (RIIs): 1.06 times
Employees: 3.44 times

Firstcry IPO Day 2 Live Update at 4:35 pm: About the company

Founded in 2010, Brainbees Solutions Limited operates an online platform, FirstCry.com, which provides a wide range of products for mothers and babies. Catering to the needs of kids up to the age of 12, the company offers everything from apparel, footwear and baby gear to nursery items, diapers, toys and personal care products.

Firstcry IPO Day 2 Live Update at 3:49 pm: Subscription status

Issue subscribed 26% on day 2 of bidding.

Category-wise subscription

Qualified institutional buyers (QIBs): 03%
Non-institutional investors (NIIs): 23%
Retail individual investors (RIIs): 95%
Employees: 3.29 times

Firstcry IPO Day 2 Live Update at 2:49 pm: Issue subscribed 24% so far on Wednesday, the second day of bidding, according to NSE data. The subscription was led by retail investors who bid for 81.44 lakh lakh shares as against 90.12 lakh shares on offer.

Firstcry IPO Day 2 Live Update at 2:05 pm: IPO objectives

Brainbees Solutions Limited intends to use the net proceeds from the IPO for several key initiatives. This includes setting up modern stores under the ‘BabyHug’ brand and establishing a warehouse in India. The funds will also cover lease payments for existing stores and support investments in its subsidiary Digital Age for new store openings and lease payments.

Additionally, the IPO will finance the expansion of its subsidiary FirstCry Trading into Saudi Arabia, with new stores and warehouses. The proceeds will help acquire additional stakes in its subsidiary Globalbees Brands and support sales and marketing efforts, technology and data science costs, as well as inorganic growth through acquisitions and general corporate purposes.

Firstcry IPO Day 2 Live Update at 1:08 pm: IPO dates

The subscription period for the Brainbees Solutions (Firstcry) IPO closes on August 8. The basis of allotment for the public issue is scheduled for Friday, August 9. Following this, refunds for unsuccessful applicants will be processed on Monday, August 12. On the same day, successful applicants will get the credit of their shares to their Demat accounts. The IPO is set to be listed on the stock exchanges on Tuesday, August 13.

Firstcry IPO Day 2 Live Update at 12:30 pm: Issue subscribed 12% so far on Wednesday, the second day of bidding, according to NSE data. The subscription was led by retail investors who bid for 69.36 lakh lakh shares as against 90.12 lakh shares on offer.

Firstcry IPO Day 2 Live Update at 11:39 am: Subscription status

Issue subscribed 17% on day 2 of bidding.

Category-wise subscription

Qualified institutional buyers (QIBs): 0%
Non-institutional investors (NIIs): 12%
Retail individual investors (RIIs): 71%
Employees: 2.63 times

Firstcry IPO Day 2 Live Update at 11:20 am: Price band

Firstcry IPO price band is set between ₹440 and ₹465 per share. Retail investors can apply for a minimum of one lot, comprising 32 shares, aggregating to an investment of ₹14,880.

Firstcry IPO Day 2 Live Update at 11 am: Issue subscribed 16% so far on Wednesday, the second day of bidding, according to NSE data.

To know more and apply for Brainbees Solutions IPO, CLICK HERE.

Firstcry IPO LIVE: The Brainbees Solutions (Firstcry) IPO is a book-built issue valued at ₹4,193.73 crore. The mainboard public offer consists of a fresh issue of 3.58 crore shares, worth ₹1,666 crore, and an offer-for-sale component of 5.44 crore shares, amounting to ₹2,527.73 crore.

The public offer is open for subscription from August 6 to August 8. Shares of Brainbees Solutions Ltd will be listed on the NSE and BSE. The tentative listing date has been scheduled as August 13.

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

About The Author

Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

Upstox Securities Pvt. Ltd.: SEBI Registration No. INZ000315837 | NSE TM Code: 13942 | BSE TM Code: 6155 | CDSL Reg No.: IN-DP-761-2024 | CIN: U65100DL2021PTC376860 | Compliance Officer: Mr. Kapil Jaikalyani. Tel No.: (022) 24229920. Email ID: compliance@upstox.com | Registered Address: 809, New Delhi House, Barakhamba Road, Connaught Place, New Delhi - 110001 | RKSV Commodities India Pvt. Ltd.: SEBI Registration No.: INZ000015837 | MCX TM Code: 46510 | CIN: U74900DL2009PTC189166 | Compliance Officer: Mr. Amit Lalan. Tel No.: (022) 24229920. Email ID: compliance@rksv.in | Registered Address: 807, New Delhi House, Barakhamba Road, Connaught Place, New Delhi - 110001. Correspondence Address: 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (West), Mumbai - 400013. | For any complaints, email at complaints@upstox.com and complaints.mcx@upstox.com.

Procedure to file a complaint on SEBI SCORES: Register on the SCORES portal. Mandatory details for filing complaints on SCORES include: Name, PAN, Address, Mobile Number, and E-mail ID. Benefits include effective communication and speedy redressal of grievances. Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI, along with our Terms of Use and Privacy Policy.

Upstox Securities Private Limited is a wholly owned subsidiary of RKSV Securities India Private Limited and RKSV Commodities India Private Limited is an associate of RKSV Securities India Private Limited.

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing.
*Brokerage will not exceed the SEBI prescribed limit.

Risk disclosures on derivatives -

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to ₹ 50,000
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Mutual Funds: Top rated funds do not constitute any advice. Research data is powered by Morningstar. Please read the offer documents carefully before investing. Upstox shall not accept any liability arising out of your investments.
These are not Exchange traded products, and the Member is just acting as distributor. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism.

Attention Investors: As per NSE circular dated July 6, 2022, BSE circular dated July 6, 2022, MCX circular dated July 11, 2022 investors are cautioned to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc. Investors are further cautioned to avoid practices like:
a) Sharing i) trading credentials – login id & passwords including OTP’s., ii) trading strategies, iii) position details.
b) Trading in leveraged products /derivatives like Options without proper understanding, which could lead to losses.
c) Writing/ selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks
d) Dealing in unsolicited tips through like Whatsapp, Telegram, Instagram, YouTube, Facebook, SMS, calls, etc.
e) Trading / Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers.

Kindly, read the Advisory Guidelines For Investors as prescribed by the Exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client’s assets : Advisory Guidelines For Investors

Kindly, read the advisory as prescribed by the Exchange with reference to their circular dated January 14, 2022 regarding Updation of mandatory KYC fields by March 31, 2022: KYC Updation

Attention Investors: Prevent unauthorised transactions in your Demat account by updating your mobile number with your depository participant. Receive alerts on your registered mobile number for debit and other important transactions in your Demat account directly from CDSL on the same day. Prevent unauthorised transactions in your Trading account by updating your mobile numbers/email addresses with your stock brokers. Receive information on your transactions directly from the Exchange on your mobile/email at the end of the day. Issued in the interest of investors. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI-registered intermediary (broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary. As a business, we don’t give stock tips and have not authorised anyone to trade on behalf of others. If you find anyone claiming to be part of Upstox or RKSV and offering such services, please send us an email at complaints@upstox.com and complaints.mcx@upstox.com.

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account. Stockbrokers can accept securities as margin from their clients only by way of a pledge in the depository system w.e.f. 1st September 2020.
Update your email ID and mobile number with your stockbroker/depository participant and receive an OTP directly from the depository on your registered email ID and/or mobile number to create a pledge.
Check your securities/mutual funds/bonds in the Consolidated Account Statement (CAS) issued by NSDL/CDSL every month.

Attention Investors: SEBI has established an Online Dispute Resolution Portal (ODR Portal) for resolving disputes in the Indian Securities Market. This circular streamlines the existing dispute resolution mechanism, offering online conciliation and arbitration, benefiting investors and listed companies. https://www.sebi.gov.in/legal/circulars/jul-2023/online-resolution-of-disputes-in-the-indian-securities-market_74794.html ODR portal for Investors - https://smartodr.in/login

Firstcry IPO Day 2 Highlights: Issue subscribed 30%, retail investors lead; check details

Category-wise subscription

Category-wise subscription

Category-wise subscription

Market Wrap, December 20: SENSEX, NIFTY50 nosedive again; both indices tumble around 5% this week

Mamata Machinery IPO subscribed over 34 times on Day 2, retail investors, NIIs lead; check key dates

International Gemmological Institute shares settle 7.4% lower after listing at 22% premium

KPI Green Energy, Sagility India and SPML Infra are among key stocks to hit the circuit today

Trade setup: Bearish weekly close for NIFTY?

Trade setup: Will NIFTY hold THIS crucial support zone?