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FirstCry’s parent company, BrainBees Solutions Ltd, to list on stock exchanges on August 13.
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IPO to value FirstCry at around Rs 25,000 crore ($3 billion).
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Issue to open for public subscription between August 6 and August 8.
FirstCry, a leading e-commerce platform for mother and baby care products, is expected to list on stock exchanges on August 13. The company’s parent, BrainBees Solutions Ltd, has planned to launch the anchor book for its initial public offering (IPO) on August 5.
The IPO will value FirstCry at around Rs 25,000 crore ($3 billion), slightly higher than its previous valuation. The company aims to raise $300 million through the sale of existing shares, in addition to the $215 million raised via fresh shares.
FirstCry had initially filed draft IPO papers in December but withdrew them after SEBI sought more clarity on key performance indicators. The company refiled its papers, providing more clarity on its financials, including a revenue of Rs 4,814 crore in the nine months leading up to December 31, 2023.
