Private Equity Liquidity Events
Baby products seller FirstCry’s Rs.4,194-Cr IPO subscribed 12.22 times
Source News18 (opens in a new tab)
The INR 4,193.73-crore initial public offering (IPO) of baby products e-commerce platform FirstCry ’s parent Brainbees Solutions Ltd received a 12.22 times subscription, garnering bids for 60,63,96,800 shares as against 4,96,39,004 shares on offer.The retail quota received a 2.31 times subscription, while the non-institutional investors category also got a 4.68 times subscription. The QIB category was subscribed 19.30 times.The Brainbees Solutions IPO was opened on August 6. Its price band was fixed at INR 440-INR 465 apiece.
Company website ↗ (opens in a new tab)
Between Apr-11 and Aug-23, FirstCry had raised over USD 1 Billion from Chiratae Ventures, Kris Gopalakrishnan, Softbank, Ratan Tata, ChrysCapital, PremjiInvest, TPG Capital, Sharrp Ventures, MEMG Family Office, DSP Family Office, NEA, Valiant Capital, Vertex Others.