The IPO of the company functioning under the brand ‘FirstCry’ under the name Brainbees Solutions Ltd came to a close on August 8 as the public displayed sure interest. The Firstcry IPO has been fully allotted and now it is up for Brainbees Solutions which is due on Tuesday .
Firstcry IPO was launched for the subscription of the general public on August 6 and the subscription was continued till august 8. The IPO allotment was made on 9th August and the Firstcry IPO is all set to hit the listing on 13th August.
Before the actual HE ad listing of the shares of the company, the investors find out the Firstcry IPO GMP or the grey market premium so that they can get the idea about the possible listing price of Brainbees Solutions shares.
The equity of Brainbees Solutions will be getting listed across the two exchanges, that is BSE and NSE. It is natural that before Firstcry listing, the investors deeming to buy the Brainbees Solutions shares want to know the estimated listing price of the IPO. The ‘gray market premium’ or GMP today helps investors anticipate the approximate listing price of Brainbees Solutions shares.
Here’s what Firstcry IPO GMP signals ahead of listing tomorrow:Here’s what Firstcry IPO GMP signals ahead of listing tomorrow:
Firstcry IPO GMP
The Firstcry IPO GMP, which measures the shares of Brainbees Solutions in the unlisted market, has been welcomed and is currently trading at a decent premium, market analysts said. As for now, the GMP for the Firstcry IPO is at ₹84 for each share. This goes to show that after the issue of Brainbees Solutions share, they are trading ₹84 higher in the grey market.
After going through the GMP of Firstcry IPO today in relation to the IPO price, the calculated amount of Brainbees Solutions Ltd shares that can be bought for listing price of ₹549 per share which is 18% premium. 06% of the issue price of ₹ 465 per share.
IPO GMP stands for the Grey Market Premium, which is the price that indicates the upper limit of the price that investors are willing to pay for a particular IPO listing and should not to be relied upon for making further investment decisions.
Firstcry IPO Details
The opening of bidding for Brainbees Solutions IPO or Firstcry IPO occurred on August 6, 2012 and closed on August 8, 2012. The IPO allotment has been closed on 9th August and the company will be listed on 13th of August.
The Firstcry IPO was priced at ₹440 to ₹465 per share. The company raised ₹4,193. million from book built issue which was made up of fresh issue of 3.lac shares The amount raised was Rs 73 crore . Marching ahead further, the insurer issued 58 crore equity shares at ₹1,666 each. 00 crore and an OFS component of 5%. 44 crore shares with a face value of ₹10 each of the company which valued at ₹2,527 crore. 73 crore.
The Issue of Firstcry IPO was subscribed 12 time. times in total as the issue received bids for 60 as; Their issued subscribed capital is 64 crore equity shares but the market capitalization is only 4. details available on the National Stock Exchange, or NSE, showed that 96 crore shares were subscribed to on the offer.
The public issue was subscribed 2 times by the target investors. In the retail category, the word attaining the highest frequency was used 31 times and the word coming second used 19 times. It has offered 30 times in the Qualified Institutional Buyers (QIBs) category, and 4. 68 times in the NII category While the stock appears 126 times in the total list, it is found only 68 times in the Non Institutional Investors (NII) category.
Kotak Mahindra Capital, Morgan Stanley India Company, BofA Securities India, JM Financial and Avendus Capital are the BRLMs associated with the Brainbees Solutions IPO, the registrar of the IPO is Link Intime India Private Ltd.
Brainbees Solutions Ltd is the single largest multi-channel retailer company in India for Mothers’, Babies’ and Kids’ products and is expanding its operation globally.
In FY24, the company posted net sales of ₹6,480 as well as EBITDA of the same figure. 9 crore and ₹70. 5 crore and ₹11 crore and a net loss of ₹321 crore in three months of the year 2019-20. 5 crore.
