Brainbees Solutions Limited ((Firstcry IPO) Details
The Brainbees Solutions Limited ((Firstcry IPO) is a book build issue with a total issue size of ₹4193.73 cr, comprising of fresh issue of 35827957 equity shares., and a offer for sale of 54359733 equity shares. Brainbees Solutions Limited ((Firstcry IPO) opened for subscription on Aug 06, 2024 and closed on Aug 08, 2024. Brainbees Solutions Limited ((Firstcry IPO) is set price band at ₹440 to ₹465 per share, with a lot size of 32 shares. Minimum investment for Retail investors was ₹14,880.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Aug 09, 2024, and listed on both the NSE and BSE on Aug 13, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. Bofa Securities India Limited, Morgan Stanley India Company Private Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited and Avendus Capital Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Brainbees Solutions Limited ((Firstcry IPO), investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 440 – 465
- Lot Size
- 32
- Issue Size
- ₹4193.73 Cr
- Minimum Investment
- ₹14880 (32 Shares)
- Listing Date
- 13 August 2024
Current GMP
₹87 (+18.71%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Brainbees Solutions Limited
Brainbees Solutions Limited was incorporated on May 17, 2010, as a private limited company under the Companies Act 1956, with the name "Brainbees Solutions Private Limited", at Pune pursuant to a certificate of incorporation issued by the RoC.
The company is India`s largest multi-channel retailing platform for Mothers`, Babies` and Kids` products, in terms of GMV, for the year ending December 2022, according to the RedSeer Report, with a growing presence in select international markets. In India, the company sell Mothers`, Babies` and Kids` products through our online platform, company-owned modern stores, franchisee-owned modern stores and general trade retail distribution.
The company haas expanded internationally in select markets, establishing a presence in UAE and KSA in 2019 and 2022 respectively, where the company aims to replicate the companies India playbook.
Brainbees Solutions Limited ((Firstcry IPO) Promoters
company promoter
Promoters Holding
Holding Pre Issue
0.00%
Holding Post Issue
0.00%
Brainbees Solutions Limited ((Firstcry IPO) Objective
The Company proposes to utilize the net proceeds to finance the following purposes:
- Expenses of the Company for: (I) establishment of new modern stores under the "BabyHug" brand; and (II) establishment of a warehouse in India;
- Expenditure on lease payments for existing identified modern stores owned and operated by the Company in India;
- Investments in its Subsidiary Digital Age for (I) setting up new modern stores under the FirstCry brand and other house brands of the Company; and (II) lease payments for the existing identified modern stores owned and controlled by Digital Age in India;
- Investment in Subsidiary FirstCry Trading for overseas expansion by: (I) establishment of new modern stores; and (II) establishment of warehouses in KSA;
- Investment in Subsidiary Globalbees Brands for the acquisition of an additional stake in its Subsidiaries;
- Sales and marketing initiatives;
- Technology and data science costs, including cloud and server hosting costs; and
- Financing of inorganic growth through acquisitions and other strategic initiatives and general corporate purposes.
Address / Contact Info
Brainbees Solutions Limited
Rajashree Business Park, Survey No. 338,
Next to Sohrabh Hall,
Tadiwala Road, - 411 001
Phone: +91 84829 89157
Email: companysecretary@firstcry.com
Website: https://www.firstcry.com
IPO Snapshot
Brainbees Solutions Limited ((Firstcry IPO) Registrar
MUFG Intime India Private Limited
Check Allotment StatusBook Running Lead Managers
- Bofa Securities India Limited
- Morgan Stanley India Company Private Limited
- JM Financial Limited
- Kotak Mahindra Capital Company Limited
- Avendus Capital Private Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Brainbees Solutions Limited ((Firstcry IPO) is a Book-building IPO with a total issue size of ₹4193.73 crore. The Brainbees Solutions Limited ((Firstcry IPO) price band is ₹440 to 465 per share. The Brainbees Solutions Limited ((Firstcry IPO) subscription opens on Tue, Aug 6, 2024, and closes on Thu, Aug 8, 2024. The Brainbees Solutions Limited ((Firstcry IPO) will be listed on the NSE,BSE. MUFG Intime India Private Limited is the registrar for the Brainbees Solutions Limited ((Firstcry IPO).
The Brainbees Solutions Limited ((Firstcry IPO) opens on Tue, Aug 6, 2024 and closes on Thu, Aug 8, 2024
Brainbees Solutions Limited ((Firstcry IPO) Price Band is ₹440 to 465 per share.
Brainbees Solutions Limited ((Firstcry IPO) lot size is 32 shares, Retail investors need a minimum investment of ₹14880 based on the upper price band
The minimum investment for Brainbees Solutions Limited ((Firstcry IPO) is ₹14880, based on one lot of 32 shares at the upper price band of ₹465 per share.
Investors can apply for the Brainbees Solutions Limited ((Firstcry IPO) through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Aug 8, 2024. The application amount remains blocked until the Brainbees Solutions Limited ((Firstcry IPO) allotment is finalized.
Brainbees Solutions Limited ((Firstcry IPO) issue size is ₹4193.73 crores.
Brainbees Solutions Limited ((Firstcry IPO) allotment date is Wed, Jul 1, 2026.
The registrar for Brainbees Solutions Limited ((Firstcry IPO) is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Brainbees Solutions Limited ((Firstcry IPO) allotment status, refund processing, and other IPO-related information.
The Brainbees Solutions Limited ((Firstcry IPO) GMP (Grey Market Premium) is ₹87 as of Tue, Aug 13, 2024. Based on the upper price band of ₹465 per share, the estimated Brainbees Solutions Limited ((Firstcry IPO) listing price is ₹552, indicating a potential listing gain of approximately 0% over the issue price.