Brainbees Solutions IPO: Price Band, Lot Size, Financials & Review
Brainbees Solutions IPO listed on BSE & NSE on Tue, 13 Aug 2024. The issue was subscribed 12.22x overall.
- Open Date
- 6 Aug 2024
- Close Date
- 8 Aug 2024
Last updated
- Price band
- ₹440 – ₹465
- Lot size
- 32 shares
- Min. investment
- ₹14,880
- Issue size
- ₹4,193.73 Cr
- Last GMP
- +₹87
- Subscribed
- 🔥 12.22x
Brainbees Solutions IPO details
Brainbees Solutions IPO is a ₹4,193.73 Cr book-building IPO on the Mainboard segment, listing on BSE & NSE. It combines a fresh issue of ₹1,666 Cr (39.73%) with an offer for sale of ₹2,527.73 Cr (60.27%) by existing shareholders. Only the fresh issue money goes to the company.
The issue was open from Tue, 6 Aug 2024 to Thu, 8 Aug 2024. Allotment was finalised on Fri, 9 Aug 2024, and the shares listed on BSE & NSE on Tue, 13 Aug 2024.
The price band is ₹440 to ₹465 per share and the lot size is 32 shares, so the minimum retail application is ₹14,880. Retail investors can apply for up to 13 lots (416 shares, ₹1,93,440).
MUFG Intime India Pvt Ltd is the registrar, and Bofa Securities India Limited, Morgan Stanley India Company Private Limited, Avendus Capital Pvt.Ltd., JM Financial Limited and Kotak Mahindra Capital Company Limited are the book running lead managers.
Grey market premium (GMP)
Day-wise GMP →The last Brainbees Solutions IPO GMP before listing was +₹87 (+18.71% against the upper price band of ₹465), implying an estimated listing price of ₹552. Across 10 days of tracking, GMP ranged from 0 (30 Jul) to +₹104 (02 Aug).
| Last GMP | +₹87 |
|---|---|
| GMP vs upper band | +18.71% |
| Estimated listing price | ₹552 |
| Highest (02 Aug) | +₹104 |
| Lowest (30 Jul) | 0 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Brainbees Solutions IPO day-wise GMP.
Subscription
Day-wise subscription →Brainbees Solutions IPO was subscribed 12.22x overall: QIB 19.30x, NII 4.68x and retail 2.31x.
| Category | Subscribed |
|---|---|
| QIB | 19.30x |
| NII | 4.68x |
| └ bNII (above ₹10 lakh) | 5.32x |
| └ sNII (₹2–10 lakh) | 3.39x |
| Retail | 2.31x |
| Employees | 6.57x |
| Total | 12.22x |
Final figures at the close of bidding on 8 Aug 2024. Category-wise bids, application-wise breakup and allotment chances are on the Brainbees Solutions IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Anchor Investors | 4,05,55,428 | 44.96% |
| Qualified Institutions | 2,70,36,953 | 29.98% |
| Non-Institutional | 1,35,18,476 | 14.99% |
| └ BNII | 90,12,318 | 9.99% |
| └ SNII | 45,06,158 | 5.00% |
| Retail Investors | 90,12,318 | 9.99% |
| Employees | 71,258 | 0.08% |
| Total | 9,01,94,432 | 100.00% |
Shares offered include the anchor investor portion, which is allotted a day before the issue opens. Subscription figures exclude anchors, so category sizes on the subscription page are smaller.
Brainbees Solutions IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹14,880 |
| Retail (Max) | 13 | 416 | ₹1,93,440 |
| S-HNI (Min) | 14 | 448 | ₹2,08,320 |
| S-HNI (Max) | 67 | 2,144 | ₹9,96,960 |
| B-HNI (Min) | 68 | 2,176 | ₹10,11,840 |
Amounts at the upper end of the price band.
Issue structure and valuation
It combines a fresh issue of ₹1,666 Cr (39.73%) with an offer for sale of ₹2,527.73 Cr (60.27%) by existing shareholders. Only the fresh issue money goes to the company.
P/E is not meaningful here because earnings per share is zero or negative.
| EPS (pre-issue) Latest earnings per share before the issue | -₹6.65 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | — |
| EPS (post-issue) EPS on the enlarged share capital | -₹6.19 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | — |
| Promoter holding (pre-issue) | 0.00% |
| Promoter holding (post-issue) | 0.00% |
Brainbees Solutions Limited financials
Between 31 Mar 2023 and 31 Mar 2024, Income rose from ₹5,731.28 Cr to ₹6,575.08 Cr, and profit after tax rose from -₹486.06 Cr to -₹321.51 Cr. The PAT margin for 31 Mar 2024 was -4.89%.
| Period ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 7,510.38 | 7,119.83 | 6,197.16 |
| Total Income | 6,575.08 | 5,731.28 | 2,516.92 |
| Profit After Tax | -321.51 | -486.06 | -78.69 |
| Net Worth | 3,170.74 | 3,456.26 | 3,527.94 |
| Reserve & Surplus | 3,081.74 | 3,367.21 | 3,439.17 |
| Total Borrowings | 462.72 | 176.47 | 90.16 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | KPI as of March 31, 2024. |
|---|---|
| RoNW % | -8.65 |
| PbW | 6.49 |
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Expenses of the Company for: (I) establishment of new modern stores under the "BabyHug" brand; and (II) establishment of a warehouse in India |
| 2 | Expenditure on lease payments for existing identified modern stores owned and operated by the Company in India |
| 3 | 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 |
| 4 | Investment in Subsidiary FirstCry Trading for overseas expansion by: (I) establishment of new modern stores; and (II) establishment of warehouses in KSA |
| 5 | Investment in Subsidiary Globalbees Brands for the acquisition of an additional stake in its Subsidiaries |
| 6 | Sales and marketing initiatives |
| 7 | Technology and data science costs, including cloud and server hosting costs |
| 8 | Financing of inorganic growth through acquisitions and other strategic initiatives and general corporate purposes. |
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.
Promoters
company promoter
Contact details
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
Brainbees Solutions IPO FAQs
- What is the Brainbees Solutions IPO price band?
- The Brainbees Solutions IPO price band is ₹440 to ₹465 per share.
- What is the Brainbees Solutions IPO lot size and minimum investment?
- The Brainbees Solutions IPO lot size is 32 shares. The minimum retail investment is ₹14,880 for one lot at the upper price band. Retail investors can apply for up to 13 lots (416 shares), costing ₹1,93,440.
- When was Brainbees Solutions IPO open for subscription?
- Brainbees Solutions IPO was open for subscription from Tue, 6 Aug 2024 to Thu, 8 Aug 2024.
- What is the Brainbees Solutions IPO subscription status?
- Brainbees Solutions IPO was subscribed 12.22x overall: QIB 19.30x, NII 4.68x and retail 2.31x. Day-wise and category-wise figures are on the subscription page.
- What was the Brainbees Solutions IPO GMP before listing?
- The last Brainbees Solutions IPO GMP before listing was +₹87 (+18.71% against the upper price band of ₹465), implying an estimated listing price of ₹552. Across 10 days of tracking, GMP ranged from 0 (30 Jul) to +₹104 (02 Aug). GMP is an unofficial grey market indicator and can change quickly.
- What is the Brainbees Solutions IPO allotment date?
- The Brainbees Solutions IPO basis of allotment was finalised on Fri, 9 Aug 2024. You can check your allotment status on the MUFG Intime India Pvt Ltd website.
- What is the Brainbees Solutions IPO listing date?
- Brainbees Solutions IPO listed on BSE & NSE on Tue, 13 Aug 2024.
- Is the Brainbees Solutions IPO a fresh issue or an offer for sale?
- It combines a fresh issue of ₹1,666 Cr (39.73%) with an offer for sale of ₹2,527.73 Cr (60.27%) by existing shareholders. Only the fresh issue money goes to the company.
- Who are the registrar and lead managers of the Brainbees Solutions IPO?
- The registrar for the Brainbees Solutions IPO is MUFG Intime India Pvt Ltd, and the book running lead managers are Bofa Securities India Limited, Morgan Stanley India Company Private Limited, Avendus Capital Pvt.Ltd., JM Financial Limited and Kotak Mahindra Capital Company Limited.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.