Firstcry, the popular online store for baby and kids’ products, is getting ready to become a public company. Its shares will be available for people to buy for the first time starting tomorrow, August 6th.
The price of one Firstcry share will be between ₹440 and ₹465. You can buy a minimum of 32 shares at a time. The money collected from selling these shares will help Firstcry grow its business.
Deciding to invest in an IPO can be tricky. It’s essential to conduct your own research or consult with a financial advisor. Look at the company’s past performance, its plans for the future, and the overall market conditions.
Key Things to Know About Firstcry IPO
- IPO Dates: The IPO will open on August 6th and close on August 8th.
- Price Band: The price of one share is between ₹440 and ₹465.
- Lot Size: You can buy a minimum of 32 shares.
- Total Money Raised: Firstcry aims to raise around ₹4,193 crore.
- GMP: The Grey Market Premium (GMP) for Firstcry shares is ₹55. This is the extra money people are willing to pay for the shares in the grey market, giving an idea of the interest in the IPO.
- Listing: If the IPO is successful, Firstcry shares will start trading on the stock exchange on August 13th.
The Firstcry IPO is a big event for the Indian market. While it might be tempting to invest, it’s essential to understand the risks and do thorough research. Good luck with your investment decisions!