Brainbees Solutions Limited

IPO Details

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.