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FirstCry’s IPO listing aims to enhance corporate governance and disclosures, says founder Supam Maheshwari.
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The company’s 14-year history gives it an edge over new-age companies listing in the market.
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FirstCry’s IPO is valued at a revenue multiple of about 3.5X, with plans to open 350 offline stores with fresh proceeds.
FirstCry, a leading mother and baby care retailer, is set to list its IPO on August 13. In an interview, founder and CEO Supam Maheshwari shared his thoughts on taking the company public and creating value for investors. Maheshwari believes that FirstCry’s 14-year history gives it an edge over new-age companies listing in the market.
The IPO listing is expected to enhance corporate governance and disclosures, with Maheshwari stating that the company has been running for 14 years and has already established high corporate governance standards. FirstCry’s IPO is valued at a revenue multiple of about 3.5X, with plans to open 350 offline stores with fresh proceeds.
Maheshwari also discussed the company’s growth plans, including expanding its international presence and exploring quick commerce opportunities. However, he emphasized that there are no immediate plans for quick commerce play. With a strong track record of operational profitability, FirstCry aims to continue growing and creating value for its investors.
