Firstcry, a well-known retailer for children’s products, is preparing to launch its Initial Public Offering (IPO). Through this IPO, Firstcry aims to sell shares to the public to secure funds that will support its growth and expansion efforts.
An IPO allows a company to offer its shares to investors for the first time. Firstcry’s parent company, Brainbees Solutions, is looking to raise about ₹4,194 crore through this IPO. The price for each share will be between ₹440 and ₹465.
The IPO will be open for the public to buy shares from August 6 to August 8, 2024. But big investors, also known as anchor investors, will have the opportunity to buy shares a day earlier, on August 5. This early chance is meant for larger investors before regular people can buy in.
When you buy shares in Firstcry, you become a part-owner of the company. If the company performs well and its share price goes up, you could make a profit. After buying the shares, they will be listed on the stock market, where they can be traded with other investors.
Important Dates to Note
- August 5, 2024: Big investors can start buying shares.
- August 6 to 8, 2024: The IPO will be open for the general public.
- August 9, 2024: The company will decide who will receive the shares.
- August 12, 2024: Refunds will be given to those who did not get any shares.
- August 13, 2024: Shares will begin trading on the stock market.
Share Price and Investment Details
The share price for this IPO is set between ₹440 and ₹465. This price reflects what the company thinks its shares are worth. Investors need to buy shares in lots of 32. So, if you want to invest, the minimum amount you’ll need is ₹14,200 (32 shares x ₹440 per share).
Before the IPO, Firstcry shares are already being traded in an unofficial market called the grey market. In this market, shares are sold at a higher price than the IPO price, showing that some investors expect the company to do well.
Firstcry is a leading retailer specializing in products for babies and children. They sell clothes, toys, and other essentials through their many stores across India and online. This makes it convenient for customers to shop for kids’ items from anywhere.
Investing in shares comes with risks. Share prices can go up or down, so it’s important to research the company and understand the market before buying shares.
The Firstcry IPO is an exciting opportunity for investors interested in a well-known and growing company. With the IPO opening soon, it’s a good time to learn more and see if investing in Firstcry fits your financial plans.