FirstCry parent files IPO papers; to raise Rs 1,816 crore via sale of new shares

Thursday, 28 December 2023
Brainbees Solutions, the parent company of FirstCry, has filed draft IPO papers with SEBI for an IPO comprising fresh shares and an offer for sale by existing investors including SoftBank, Mahindra & Mahindra, and TPG. FirstCry, founded in 2010, retails baby and kids products and operates 936 stores across 465 cities. The IPO proceeds will be used for new stores, warehouses, acquisitions, overseas expansion, and sales/marketing. Ratan Tata and the founders are among the individual selling shareholders.

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FirstCry submits IPO documents to raise Rs 1,816 crore; SoftBank, M&M, Ratan Tata to offload shares

Brainbees Solutions, the company behind FirstCry, has submitted the necessary documents to SEBI to initiate its IPO. The IPO includes a new share issue valued at...
IndiaTimes on December 28, 2023

FirstCry parent files IPO papers; to raise Rs 1,816 crore via sale of new shares

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FirstCry submits IPO documents to raise Rs 1,816 crore; SoftBank, M&M, Ratan Tata to offload shares