Today marks the first day of the Initial Public Offering (IPO) of Brainbees Solutions, the parent company of FirstCry, India’s leading e-commerce platform for kids and baby products. Here’s a breakdown of the essential details, subscription status, and whether you should consider applying for shares.
IPO Details
- Issue Period: August 6, 2024, to August 8, 2024.
- Issue Size: The total IPO size is ₹4,193.73 crores, which includes a fresh issue of shares worth ₹1,666 crores and an Offer for Sale (OFS) of shares worth ₹2,527.73 crores.
- Price Band: The shares are priced between ₹440 to ₹465 per share.
- Lot Size: Investors can bid for a minimum of 32 shares, amounting to ₹14,880. The maximum bid for retail investors is 13 lots (416 shares), totaling ₹193,440.
- Allocation: 75% of the shares are reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for retail investors.
As of the first day, the subscription status is being closely monitored. Investors are also paying attention to the Grey Market Premium (GMP), which indicates the expected premium over the IPO price. The GMP for FirstCry shares currently stands at ₹84, suggesting positive sentiment in the market, although it is subject to change as the subscription progresses.
Key points to consider:
- Company’s financials: Analyze Firstcry’s revenue growth, profitability, and debt levels.
- Market potential: Assess the overall market size for baby and children’s products and Firstcry’s market share.
- Competition: Evaluate Firstcry’s competitive position in the market.
- Valuation: Compare Firstcry’s valuation with peers in the industry.
- Investment horizon: Determine your investment time frame.
Investing in FirstCry’s IPO could be a promising opportunity for those looking to invest in a leading brand with growth potential. However, it’s essential to consider your risk tolerance and investment strategy before applying. Conduct thorough research or consult with a financial advisor to make an informed decision.