Brainbees Solutions Limited IPO Detail :
Brainbees Solutions (Firstcry) IPO opens for subscription on August 6, 2024 and closes on August 8, 2024. The allotment for the Brainbees Solutions (Firstcry) IPO is expected to be finalized on Friday, August 9, 2024. Brainbees Solutions (Firstcry) IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, August 13, 2024.
BrainBees Solutions (FirstCry) IPO is a book built issue of Rs 4,193.73 crore. The issue is a combination of a fresh issue of 3.58 crore shares, aggregating to Rs 1,666.00 crore and an offer for sale of 5.44 crore shares, aggregating to Rs 2,527.73 crore.
BrainBees Solutions (FirstCry) IPO will open for subscription on August 6, 2024 and close on August 8, 2024. Allotment for BrainBees Solutions (FirstCry) IPO is expected to be finalized on Friday, August 9, 2024. BrainBees Solutions (FirstCry) IPO will be listed on BSE, NSE with a tentative listing date fixed as Tuesday, August 13, 2024.
The price band of BrainBees Solutions (FirstCry) IPO has been fixed at ₹440 to ₹465 per share. The minimum lot size for application is 32 shares. The minimum investment amount required by retail investors is ₹14,880. The minimum lot size investment for sNII is 14 lots (448 shares), amounting to ₹208,320, and for bNII it is 68 lots (2,176 shares), amounting to ₹1,011,840.
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Brainbees Solutions (Firstcry) IPO is a book built issue of Rs 4,193.73 crores. The issue is a combination of fresh issue of 3.58 crore shares aggregating to Rs 1,666.00 crores and offer for sale of 5.44 crore shares aggregating to Rs 2,527.73 crores.
Brainbees Solutions (Firstcry) IPO price band is set at ₹440 to ₹465 per share. The minimum lot size for an application is 32 Shares. The minimum amount of investment required by retail investors is ₹14,880. The minimum lot size investment for sNII is 14 lots (448 shares), amounting to ₹208,320, and for bNII, it is 68 lots (2,176 shares), amounting to ₹1,011,840.
Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd, Bofa Securities India Limited, Jm Financial Limited and Avendus Capital Pvt Ltd are the book running lead managers of the Brainbees Solutions (Firstcry) IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Brainbees Solutions (Firstcry) IPO RHP for detailed information.
Brainbees Solutions (Firstcry) IPO Details
IPO Date August 6, 2024 to August 8, 2024
Listing Date [.]
Face Value ₹2 per share
Price Band ₹440 to ₹465 per share
Lot Size 32 Shares
Total Issue Size 90,187,690 shares
(aggregating up to ₹4,193.73 Cr)
Fresh Issue 35,827,957 shares
(aggregating up to ₹1,666.00 Cr)
Offer for Sale 54,359,733 shares of ₹2
(aggregating up to ₹2,527.73 Cr)
Employee Discount Rs 44 per share
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue 483,349,470
Share holding post issue 519,177,427
Brainbees Solutions (Firstcry) IPO Reservation
Investor Category Shares Offered
QIB Shares Offered 75.00% of the Net offer
Retail Shares Offered Not more than 10.00% of the Offer
NII (HNI) Shares Offered Not more than 15.00% of the Offer
Brainbees Solutions (Firstcry) IPO Timeline (Tentative Schedule)
Brainbees Solutions (Firstcry) IPO opens on August 6, 2024, and closes on August 8, 2024.
IPO Open Date – Tuesday, August 6, 2024
IPO Close Date – Thursday, August 8, 2024
Basis of Allotment – Friday, August 9, 2024
Initiation of Refunds – Monday, August 12, 2024
Credit of Shares to Demat – Monday, August 12, 2024
Listing Date – Tuesday, August 13, 2024
Cut-off time for UPI mandate confirmation – 5 PM on August 8, 2024
Brainbees Solutions (Firstcry) IPO Lot Size
Investors can bid for a minimum of 32 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application Lots Shares Amount
Retail (Min) 1 32 ₹14,880
Retail (Max) 13 416 ₹193,440
S-HNI (Min) 14 448 ₹208,320
S-HNI (Max) 67 2,144 ₹996,960
B-HNI (Min) 68 2,176 ₹1,011,840
Lot Size Calculator
About Brainbees Solutions Limited
Founded in 2010, Brainbees Solutions Limited offers products for mothers, babies, and Kids via its online platform ‘FirstCry’.
Brainbees Solutions (Firstcry)’s mission is to create a one-stop store for parents’ retail, content, community engagement, and education needs. The company offers everything needed for an infant up to the age of 12, including apparel, footwear, baby gear, nursery, diapers, toys, and personal care, amongst others.The company offers products from Indian third-party brands, global brands, and its own brands. The company has an extensive offering for mothers, babies, and Kids with more than 1.5 million SKUs from more than 7,500 brands on its multi-channel platform across categories including apparel and fashion, toys, books, school supplies, diapers, bath and skincare, nutrition and breastfeeding, health and safety, baby gear and maternity wear (as of December 31, 2023).
Brainbees Solutions (Firstcry)’s strong brand awareness and customer trust are reflected in the launch of BabyHug, one of Brainbees Solutions (Firstcry)’s house brands. According to a RedSeer report, this is the largest multi-category brand for mother, baby, and kids products in India, regarding GMV, for the year ending December 2023. Its other key house brands include Pine Kids, Cute Walk by BabyHug, and Babyoye.
According to a report by RedSeer Report, Brainbees Solutions (Firstcry) is the largest specialized online retail platform for maternal, baby, and Kids’ products in the UAE, in terms of GMV, for the year ending December 2023.
For the nine months ended December 31, 2023, and the financial years 2023, 2022, and 2021, the Company had a network of more than 900 contract manufacturers in India and other countries for its house brands, excluding contract manufacturers engaged by Globalbees Brands and its subsidiaries.
As of December 31, 2023, the company employed 3,411 full-time employees and 2,475 employees on a contract basis.
Brainbees Solutions Limited Financial Information (Restated Consolidated)
Brainbees Solutions Limited’s revenue increased by 14.72% and profit after tax (PAT) rose by 33.85% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 7,510.38 7,119.83 6,197.16
Revenue 6,575.08 5,731.28 2,516.92
Profit After Tax -321.51 -486.06 -78.69
Net Worth 3,170.74 3,456.26 3,527.94
Reserves and Surplus 3,081.74 3,367.21 3,439.17
Total Borrowing 462.72 176.47 90.16
(Note :- Amount in ₹ Crore )
Brainbees Solutions Limited Contact Details :
Brainbees Solutions Limited
Rajashree Business Park, Survey No. 338,
Next to Sohrabh Hall,
Tadiwala Road, Pune – 411 001
Phone: +91 84829 89157
Email: companysecretary@firstcry.com
Website: https://www.firstcry.com/
Brainbees Solutions (Firstcry) IPO Registrar
Phone: +91-22-4918 6270
Email: brainbees.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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