FirstCry ने IPO का प्राइस बैंड ₹440-₹465 तय किया: 6 से 8 अगस्त तक ओपन रहेगा ये इश्यू, मिनिमम इन्वेस्टमेंट ₹14,880

Mumbai2 hours ago

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FirstCry’s parent company Brainbees Solutions Limited has fixed the price band of its Initial Public Offer i.e. IPO at ₹440-₹465. In such a situation, retail investors will be able to bid for a minimum of 1 lot i.e. 32 shares for this IPO. If you apply for 1 lot as per the upper price band of IPO of ₹465, then you will have to invest ₹14,880 for it.

At the same time, retail investors can apply for a maximum of 13 lots i.e. 416 shares. For this, investors will have to invest ₹ 193,440 according to the upper price band. This IPO will be open from August 6 to August 8. On August 13, the company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

This issue is worth ₹4,193.73 crore
This issue of Brainbees Solutions Limited was worth a total of ₹4,193.73 crores. For this, the company will issue 35,827,957 fresh shares worth ₹1,666 crores. Whereas, the existing investors of the company are selling 54,359,733 shares worth ₹2,527.73 crores through Offer for Sale i.e. OFS.

10% of the issue will be reserved for retail investors
75% of the issue of Brainbees Solutions Limited is reserved for Qualified Institutional Buyers (QIB). Apart from this, about 10% is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII).

FirstCry has a network of 936 stores in India
FirstCry had said 7 months ago that it would use the funds raised from the IPO to increase the number of its stores in India and Saudi Arabia and to clear lease payments of existing Indian stores. The company has a network of 936 stores in India, but it had not yet disclosed the number of its stores in Saudi Arabia.

What is IPO?
When a company issues its shares to the general public for the first time, it is called Initial Public Offering or IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO.