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

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

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.