Brainbees Solutions, parent of children's retailer FirstCry, posts a 10% year-on-year revenue increase and reduces losses by 20% for the quarter ending September 2025
The fall in the stock price follows the end of the lock-in period for 20 million shares from the company's initial public offering, launched in August this year
FirstCry has also joined the club of startup unicorns that have successfully IPO'd over the last few years. Others include Zomato, Paytm, PolicyBazaar, and Ola
FirstCry shares are trading at a premium of nearly Rs 86 or 18.49 per cent on Monday, which is nearly triple the GMP of Rs 32 or 6.88 per cent that the shares commanded on the IPO opening date
Available at a price band of Rs 440-465, with a lot size of 32 shares, FirstCry IPO was subscribed 12.22 times by the final day of subscription on August 8, 2024
FirstCry will use the IPO proceeds to set up new stores, lease payments for its existing stores, invest in its subsidiary for its overseas expansion, and pay technology costs, among others
The public issue of Pune-based Brainbees Solutions consists of a fresh issue of equity shares valued at Rs 1,666 crore and an OFS (offer for sale) component of up to 5.44 crore shares
As investors await the subscription window to open for Firstcry IPO, here are some key details that you should know before bidding for the public issue
Expected IPOs in the coming months include those of Ola Electric, FirstCry, Waaree Energies, Fincare Small Finance Bank, Bansal Wire Industries, NSDL, among others