Upstox
/
News
/
Market News
/
IPO
/
Upcoming IPOs this week: Brainbees Solutions, Unicommerce eSolutions to open for subscription; check key details

Market News

Upcoming IPOs this week: Brainbees Solutions, Unicommerce eSolutions to open for subscription; check key details

4 min read | Updated on August 05, 2024, 15:01 IST

SUMMARY

The two mainboard IPOs seek to raise a total of ₹4,470.30 crore from investors while Aesthetik Engineers IPO plans to raise ₹26.4 crore through the maiden public issue. Firstcry IPO (Brainbees Solutions Ltd) opens for subscription on August 6.

Upcoming IPOs: FirstCry, Unicommerce eSolutions public offers to open for bidding this week, check key details

After a hectic IPO activity last week, Dalal Street will see three initial public offerings opening for subscription this week. The IPOs scheduled to open this week included two mainboard public offers of FirstCry (Brainbees Solutions Ltd) and Unicommerce eSolutions Ltd, and one SME IPO of Aesthetik Engineers Ltd.

The two mainboard IPOs seek to raise a total of ₹4,470.30 crore from investors while Aesthetik Engineers will raise ₹26.4 crore through the maiden public issue.

Here are the key details of the IPOs that are opening for bidding this week.

Brainbees Solutions IPO (Issue size: ₹4,193.7 crore)

The IPO of baby products online retailer FirstCry (Brainbees Solutions Ltd) will open for subscription on August 6 (Tuesday) to raise ₹4,193.73 crore from investors.

The IPO of India’s largest multi-channel retailing platform for mothers, babies and kids’ products will close for subscription on August 8.

The FirstCry IPO comprises a fresh issue of 3.58 crore shares worth up to ₹1,666.00 crore and an offer for sale of 5.44 crore shares worth up to ₹2,527.73 crore.

The e-commerce platform has fixed the price band at ₹440-465 a share for the ₹4,194 crore IPO. The minimum lot size is 32 shares and the minimum investment required is ₹14,880.

Softbank entity SVF Frog is divesting 2.03 crore equity shares of Brainbees Solutions Ltd while Mahindra & Mahindra (M&M) is selling 28.06 lakh shares of FirstCry through the OFS route. Softbank holds a 25.55% per cent stake in FirstCry parent Brainbees Solutions. M&M owns a 10.98% stake.

IPO open date- August 6, 2024
IPO close date - August 8, 2024
IPO price band - ₹440-465 a share
Lot size - 32 shares
IPO allotment date - August 9
IPO listing date - August 13

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

Unicommerce eSolutions IPO (Issue size: ₹276 crore)

SaaS solutions provider Unicommerce eSolutions Ltd will launch its public offer on August 6 to raise around ₹277 crore from investors. The SoftBank-backed SaaS platform’s IPO will close for subscription on August 8.

Unicommerce eSolutions Ltd has fixed the price band at ₹102 to ₹108 per share for the ₹276-crore IPO.

SoftBank’s affiliate SB Investment Holdings (UK) Ltd is selling 1.61 crore shares while promoter AceVector Ltd (earlier known as Snapdeal) is divesting up to 94.38 lakh shares.

Unicommerce eSolutions is an e-commerce enablement SaaS (software-as-a-service) platform. Its SaaS solutions enable the management of online retail operations for brands, marketplaces, and logistics service providers.

Its clients include Mamaearth, Lenskart, Zivame, Fabindia, TCNS, Emami, Sugar and BoAt.

IPO open date- August 6, 2024
IPO close date - August 8, 2024
IPO price band - ₹102 to ₹108 per share
Lot size - 138 shares
IPO allotment date - August 9
IPO listing date - August 13

To know more and pre-apply for Unicommerce eSolutions IPO, CLICK HERE

Aesthetik Engineers IPO (Issue size: ₹26.4 crore)

The SME IPO of Aesthetik Engineers Limited will open for subscription on August 8 (Thursday) to raise ₹26.46 crore from investors through NSE SME platform.

The public offer will close for subscription on August 12, 2o24 (Monday). The Issue comprises a fresh issue of 45.64 lakh shares and no Offer for Sale component. The company has fixed the price band at ₹55-58 per share for the IPO. The lot size is 2,000 shares. The company is involved in designing, engineering, fabrication and installation of facade systems.

Its portfolio includes building facades, Aluminium Doors and Windows, Railing and Staircase and Glassfibre Reinforced Concrete (GFRC).

IPO open date - August 8, 2024
IPO close date - August 12, 2024
IPO price band - ₹55 to ₹58 per share
Lot size – 2,000 shares
IPO allotment date - August 13
IPO listing date - August 16

IPO listings this week

Three mainboard IPOs will start their journey on BSE and NSE this week. Akums Drugs and Pharmaceuticals will start trading on the BSE and NSE on August 6 (Tuesday). The IPO closed for bidding on August 1 and finalised share allotment on August 2. The IPO was booked more than 63 times.

Ceigall India Limited IPO which closes for bidding on August 5 (Monday) will make its market debut on August 8 (Thursday).

Leading electric scooter maker Ola Electric Mobility Ltd IPO, which closes for subscription on August 6, Tuesday, will make its market debut on August 9 (Friday).

In addition to these IPOs, nine SME IPOs will also start trading on the SME platforms of NSE and BSE.

To know more about IPOs listing, 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.

Insurance: RKSV SECURITIES INDIA PRIVATE LIMITED ("Upstox") with registered office at 807, New Delhi House Barakhamba Road Connaught Place, New Delhi, Delhi-110001, Delhi (CIN: U74900DL2009PTC189166) is a Corporate Agent registered with Insurance Regulatory and Development Authority of India (IRDAI) (Category: Composite, IRDAI Regn No.-: CA0918 valid till 05-03-2027). Insurance is underwritten by the respective insurance companies and not by Upstox. Purchase by Upstox’s customer of any insurance products is purely voluntary, and is not linked to availment of any other facility from Upstox. For more details on risk factors and terms and conditions of insurance products, please read the sales brochure of insurance products carefully before concluding a sale. Tax benefits are subject to amendments in tax laws from time to time.

Email ID or any other mode to reach out:

Email ID: insurancesupport@rksv.in

Bima Bharosa Portal: https://bimabharosa.irdai.gov.in/

IRDAI: https://irdai.gov.in/

Insurance Ombudsman: https://www.cioins.co.in/

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonuses, or investing premiums. Public receiving such phone calls are requested to lodge a police complaint.

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

Upcoming IPOs this week: Brainbees Solutions, Unicommerce eSolutions to open for subscription; check key details

Brainbees Solutions IPO (Issue size: ₹4,193.7 crore)

Unicommerce eSolutions IPO (Issue size: ₹276 crore)

Aesthetik Engineers IPO (Issue size: ₹26.4 crore)

IPO listings this week

Stock Market Live Updates: NIFTY, SENSEX trade in green as HDFC Bank, NTPC and SBI lead

Gold and silver price today: 24k gold rate around ₹80,100 in Delhi; check prices in your city

Q3 results this week: RIL, Infosys, Tech Mahindra among over 100 companies declare earnings

Trade setup for Jan 15: NIFTY50 forms inside candle, holds steady near 23,200

Vodafone Idea shares jump 5.2% on partnership with HCLSoftware to automate 4G, 5G networks

Trade setup: NIFTY's next move?

How to trade crude oil amid soaring prices?