Brainbees Solutions (Firstcry IPO): Things to Know

• Firstcry IPO is a book-built issue of Rs 4,193.73 crore.
• This upcoming IPO bidding opens on August 6 and closes on August 8, 2024.
• Firstcry IPO price band is set at Rs 440 to Rs 465 per share.
• The Minimum investment required Rs 14,880.

Firstcry IPO: Synopsis

Brainbees Solutions (Firstcry IPO) is open for subscription starting Tuesday, August 6, 2024 and closing on Thursday, August 8, 2024. The price of this upcoming IPO is decided at Rs 440 to Rs 465 per share. The minimum lot size for the retail category is 32 shares. The minimum lot size for small NII is 14 lots consisting of 448 shares. 

Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 2,176 shares. 

The minimum investment required for retail category investors is Rs 14,250 (465 x 32 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,08,320 (465 x 448 shares); for big non-institutional investors, it is Rs 10,11,840 (465 x 2,176 shares).

Firstcry IPO is a book-built issue of Rs 4,193.73 crores. This issue is a combination of fresh issue and offer-for-sale. The fresh issue size of Rs 3.58 crore equity shares amounting to Rs 1,666 crores. The offer for sale is of Rs 5.44 crores shares amounting to Rs 2,527.73 crores. The allotment for this IPO is expected to be finalised on Friday, August 9, 2024. 

Brainbees Solutions Limited's IPO will be listed on both the exchanges BSE and NSE, and the listing date is fixed for Tuesday, August 13, 2024. Kotak Mahindra Capital, Morgan Stanley India Company Private Limited, Bofa Securities India Limited, Jm Financial Limited and Avendus Capital Private Limited is the book-running lead manager of Firstcry IPO. Link Intime India Private Limited is the registrar for this new IPO.

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Brainbees Solutions Limited (Firstcry): About the Company

Brainbees Solutions Limited was founded in 2010 and offers products for mothers, babies, and Kids via its online platform 'FirstCry'. The company's mission is to create a one-stop store for parents' retail, content, community engagement, and education needs. The company offers everything needed for an infant up to the age of 12, including apparel, footwear, baby gear, nursery, diapers, toys, and personal care, amongst others. The company offers products from Indian third-party brands, global brands, and its own brands.

Firstcry’s strong brand awareness and customer trust are reflected in the launch of BabyHug, one of Brainbees Solutions Firstcry’s house brands. According to a RedSeer report, this is the largest multi-category brand for mother, baby, and kids products in India, regarding GMV, for the year ending December 2023. Its other key house brands include Pine Kids, Cute Walk by BabyHug, and Babyoye.

Brainbees Solutions (Firstcry) IPO: Objectives

The funds received from this IPO will be used for the establishment of new modern stores under the "BabyHug" brand and the establishment of a warehouse in India. Also, the expenditure on lease payments for existing modern stores owned and operated by the company.

Investment in subsidiary Globalbees Brands for the acquisition of an additional stake in its subsidiaries. Also, money will be used for sales and marketing initiatives, technology and data science costs, including cloud and server hosting costs, and general corporate purposes.

Brainbees Solutions (Firstcry IPO) : Other Important Details

Brainbees Solutions (Firstcry) IPO: Time-Table 

Brainbees Solutions Limited: Financial Metrics (Amt in Rs Crore)

Brainbees Solutions Limited reported revenue of Rs 6,575.08 crore and net loss of Rs  -321.51 crore for the period ending 31 March 2024. Between the FY ending 31 March 2024 and 31 March 2023, the company’s revenue increased by 14.72%, and PAT increased by 33.85%.

Lot Size of Firstcry IPO

Promoters of Brainbees Solutions Limited

The promoters of Brainbees Solutions (Firstcry) Limited are Supam Maheshwari. 

Brainbees Solutions (Firstcry) IPO: Strength of the Company

Brainbees Solutions offers products for mothers, babies, and Kids via its online platform 'FirstCry'.

The company’s mission is to create a one-stop store for parents' retail, content, community engagement, and education needs.

Brainbees Solutions Limited revenue increased by 14.72% and PAT increased by 33.85%.

FAQs

1. What are the details of Firstcry IPO 2024?

Firstcry IPO is a book-built issue of Rs 4,193.73 crores. This issue is a combination of fresh issue and offer-for-sale. The fresh issue size of Rs 3.58 crore equity shares amounting to Rs 1,666 crores. The offer for sale is of Rs 5.44 crores shares amounting to Rs 2,527.73 crores. 

2. Who are the lead managers for the Firstcry IPO?

Kotak Mahindra Capital, Morgan Stanley India Company Private Limited, Bofa Securities India Limited, Jm Financial Limited and Avendus Capital Private Limited.

3. What is the role of Link Intime India in this IPO?

Link Intime India Limited is the registrar for Brainbees Solutions (Firstcry) Limited, handling the IPO's administrative aspects.

4. How can I apply for the Firstcry IPO?

The public subscription of this IPO will open on August 6, 2024. Click here to continue the application process.

5. How will the net proceeds from the IPO be utilised?

The funds received from this IPO will be used for the establishment of new modern stores under the "BabyHug" brand and the establishment of a warehouse in India. Also, the expenditure on lease payments for existing modern stores owned and operated by the company.

6. How can I check the allotment status of the IPO?

Investors can check out the allotment status of the Brainbees Solutions (Firstcry) Limited IPO 2024 by visiting here.

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