Brainbees Solutions IPO - GMP, Subscription, Price, Dates & Financial Details
Brainbees Solutions IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹4,194 Crore, comprising a fresh issue of 3.58 Crore equity shares aggregating to ₹1,666.00 Crore and an offer for sale (OFS) of 5.44 Crore equity shares aggregating to ₹2,527.73 Crore by the existing shareholders.
The Brainbees Solutions IPO remained open for subscription from August 06, 2024, to August 08, 2024. The basis of allotment was finalized on August 09, 2024, and the company's shares were listed on the NSE and BSE on August 13, 2024.
The company had fixed the price band at ₹440 to ₹465 per share, with a lot size of 32 shares. Retail investors were required to make a minimum investment of ₹14,880 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 71,258 equity shares for eligible employees, who received a discount of ₹44 per share.
MUFG Intime India Private Limited served as the registrar to the issue. Bofa Securities India Limited, Morgan Stanley India Company Private Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited, and Avendus Capital Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Brainbees Solutions Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
- Price Band
- ₹ 440 – 465
- Lot Size
- 32
- Issue Size
- ₹4,193.73 Cr
- Minimum Investment
- ₹ 14,880 (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 IPO Promoters
company promoter
Promoters Holding
Holding Pre Issue
0.00%
Holding Post Issue
0.00%
Brainbees Solutions 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.
Brainbees Solutions Limited Address / 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
IPO Snapshot
Book 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.
What is the Brainbees Solutions IPO?
Brainbees Solutions IPO is a Book-building IPO with a total issue size of ₹4193.73 crore. The Brainbees Solutions IPO price band is ₹440 to 465 per share. The Brainbees Solutions IPO subscription opens on Tue, Aug 6, 2024, and closes on Thu, Aug 8, 2024. The Brainbees Solutions IPO will be listed on the NSE,BSE. MUFG Intime India Private Limited is the registrar for the Brainbees Solutions IPO.
When will the Brainbees Solutions IPO open for subscription?
The Brainbees Solutions IPO opens on Tue, Aug 6, 2024 and closes on Thu, Aug 8, 2024
What is Brainbees Solutions IPO Price Band?
Brainbees Solutions IPO Price Band is ₹440 to 465 per share.
What is Brainbees Solutions IPO Lot Size?
Brainbees Solutions IPO lot size is 32 shares, Retail investors need a minimum investment of ₹14880 based on the upper price band
What is the minimum investment for Brainbees Solutions IPO?
The minimum investment for Brainbees Solutions IPO is ₹14880, based on one lot of 32 shares at the upper price band of ₹465 per share.
How to apply for Brainbees Solutions IPO?
Investors can apply for the Brainbees Solutions 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 IPO allotment is finalized.
What is Brainbees Solutions IPO Issue Size?
Brainbees Solutions IPO issue size is ₹4193.73 crores.
What is the Brainbees Solutions IPO Allotment Date?
Brainbees Solutions IPO allotment date is Fri, Aug 9, 2024.
Who is the Brainbees Solutions IPO Registrar?
The registrar for Brainbees Solutions IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Brainbees Solutions IPO allotment status, refund processing, and other IPO-related information.
What is the Brainbees Solutions IPO GMP?
The Brainbees Solutions 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 IPO listing price is ₹552, indicating a potential listing gain of approximately 18.71% over the issue price.
Who is the Brainbees Solutions IPO Lead Manager?
The book-running lead managers (BRLMs) for the Brainbees Solutions IPO are Morgan Stanley India Company Private Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited, and Avendus Capital Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Brainbees Solutions IPO Red Herring Prospectus (RHP).