Brainbees Solutions-Firstcry IPO: Childcare Products company to hit capital market to raise ~INR 4,194 crores through public issue

Brainbees Solutions-Firstcry is into Consumer Childcare Products and is looking raise funds through Fresh Issue and Offer For Sale

Brainbees Solutions-Firstcry to raise Fresh Issue aggregating up to Rs 1,816 crores and an Offer for Sale up to 54,391,592 Equity Shares through public issue IPO

Brainbees Solutions-Firstcry IPO Update:

Brainbees Solutions Limited IPO: Pune based Brainbees Solutions Limited established in the year 2010 and is into Consumer - Childcare Products sector.

Company is promoted by Doesnot have any identifiable promoters. Pre-Offer Promoter and Promoter group stake in the company is .%.

Brainbees Solutions Limited has filed Red Herring Prospectus (RHP) for proposed initial public offer (IPO). Total issue size is INR 4,194 Crores calculated on upper price band (face value of INR 2 per share) via initial public offering.

Initial Public Offer comprising of a Fresh Issue of Equity shares aggregating up to Rs 16,660 Cr and an Offer for Sale of up to 54,359,733 Equity Shares. Kotak Mahindra Capital,Morgan Stanley India,BofA Securities,JM Financial,Avendus Capital have been appointed as lead merchant bankers for the proposed IPO. It has appointed Link Intime India Private Limited as Registrar and Share transfer Agent.

Details about upcoming IPO:
As per the details available in RHP, Price band is Rs 440 to Rs 465 with lot size of 32 shares and in multiples thereof. Objects of the issue is 1) Capex on setting up new modern stores 'BabyHug' and warehouse and lease payments - Rs648 cr., 2) Investment in Subsidiary - FirstCry Trading for overseas expansion - Rs155.6 cr 5) Investment in subsidiary Globalbees towards acquisition - Rs170.5 cr 6) Sales and Marketing exp - Rs100 cr , 7) Technology and data science cost - Rs57.6 cr and 8) Funding inorganic growth and General corporate purposes.

IPO Dates:

IPO will open on August 06, 2024 and close on August 06, 2024. Tentative date of listing on stock exchanges is August 13, 2024

Want to know more details about the IPO, please visit here Brainbees Solutions Limited

Source: SEBI, BSE, NSE, DRHP, Brainbees Solutions-Firstcry, Industry Data

Disclaimer: Above article only publishes details about the IPO and for educational purpose only. It doesn't solicit or invite any interest to invest in any kind of securities. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.