- By Aditya Pratap Singh
- Tue, 13 Aug 2024 11:13 AM (IST)
- Source:JND
Firstcry IPO Listing: Shares of BrainBees Solutions Ltd, the parent company of e-commerce site 'FirstCry', made a stellar debut on the stock market on Tuesday. Firstcry shares started trading on the NSE at Rs 651 apiece, a 40% premium over the upper band of issue price of Rs 465.00 per share. Shares of Firstcry were listed on the BSE at Rs 625 apiece with a 34.41% premium
The Firstcry IPO listing met the market expectations as its share were trading with solid gain in grey market prior to listing.
Firstcry IPO Details
The initial public offering (IPO) of BrainBees Solutions was opened for public subscription between August 6-8. The IPO allocation was set on August 9 and the FirstCry IPO listing was scheduled for today i.e. August 13.
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The price band for the FirstCry IPO was set at Rs 440 to Rs 465 per share and the company raised Rs 4,193.73 crore at the upper end of the price band. The book-built issue comprised a combination of a fresh issue of 3.58 crore equity shares worth Rs 1,666.00 crore and an offer for sale (OFS) component of 5.44 crore shares resulting in a total of Rs 2,527.73 crore.
Firstcry IPO Subscription Status
As per NSE data, the FirstCry IPO was subscribed a total of 12.22 times as the issue received a bid for 606.4 million equity shares compared to 49.6 million shares in the offer.
The IPO was subscribed 2.31 times in the retail segment, 19.30 times in the quota reserved Qualified Institutional Buyer (QIB), and 4.68 bars in the Non-Institutional Investors (NII) category.
Kotak Mahindra Capital, JM Financial, Bof A Securities India, Morgan Stanley India Company, and Avendus Capital are the book running lead managers for the Brainbees Solutions IPO, while Link Intime India Pvt.
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