Brainbees Solutions (Firstcry) Limited IPO GMP

Brainbees Solutions (Firstcry) is India’s largest multi-channel retailing platform for Mothers’, Babies’ and Kids’ products, in terms of GMV, for the Financial Year 2024, according to the RedSeer Report, with a growing presence in select international markets. In India, they sell Mothers’, Babies’ and Kids’ products through their online platform, company-owned modern stores, franchisee-owned modern stores and general trade retail distribution.

Brainbees Solutions (Firstcry), a Book Built Issue amounting to ₹4,193.72 crores, consisting a Fresh Issue of 3.58 Crore Shares worth ₹1,666.00 Crores and an Offer for Sale of 5.43 Crore Shares totalling to ₹2,527.72 Crores. The subscription period for the Brainbees Solutions (Firstcry) IPO opens on August 06, 2024, and closes on August 08, 2024. The allotment is expected to be finalized on or about Friday, August 9, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Tuesday, August 13, 2024.

The Share price band of Brainbees Solutions (Firstcry) IPO is set at ₹440 to ₹465 equity per share, with a minimum lot size of 32 shares. Retail investors are required to invest a minimum of ₹14,880, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (448 shares), amounting to ₹208,320.

Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, BofA Securities India Limited, JM Financial Limited and Avendus Capital Private Limited are the book-running lead manager, Link Intime India Private Limited is the registrar for the Issue. 

Brainbees Solutions (Firstcry) Limited IPO GMP Today
The Grey Market Premium of Brainbees Solutions (Firstcry) Limited IPO is expected in the range of ₹30 to ₹40 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Brainbees Solutions (Firstcry) Limited IPO Live Subscription Status Today
As of 12:19 PM on 06 August 2024, the Brainbees Solutions (Firstcry) Limited IPO live subscription status shows that the IPO subscribed 0.02 times on on the first day of subscription period. Check the Brainbees Solutions (Firstcry) Limited IPO Live Subscription Status Today at BSE.

Brainbees Solutions (Firstcry) Limited IPO Allotment Status
Brainbees Solutions (Firstcry) IPO allotment date is 09 August, 2024, Friday. Brainbees Solutions (Firstcry) IPO Allotment will be out on 9th August 2024 and will be live on Registrar Website from the allotment date. Check Brainbees Solutions (Firstcry) Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Brainbees Solutions (Firstcry) Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Brainbees Solutions (Firstcry) Limited IPO
Brainbees Solutions (Firstcry) Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. ₹1,081.00 Millions is required for Expenditure by their Company for: 
(i) ₹939.00 Millions is required for setting up new modern stores under the “BabyHug” brand; and 
(ii) ₹142.00 Millions is required for setting up a warehouse, in India; 
2. ₹931.00 Millions is required for Expenditure for lease payments for their existing identified modern stores owned and operated by their Company, in India; 
3. ₹2,996.00 Millions is required for Investment in their Subsidiary, Digital Age for: 
(i) ₹1,690.00 Millions is required for setting up new modern stores under the FirstCry brand and other home brands of their Company; and 
(ii) ₹1,306.00 Millions is required for lease payments for their existing identified modern stores owned and controlled by Digital Age, in India; 
4. ₹1,556.00 Millions is required for Investment in their Subsidiary, FirstCry Trading for overseas expansion by: 
(i) ₹726.00 Millions is required for setting up new modern stores; and 
(ii) ₹830.00 Millions is required for setting up warehouse(s), in KSA; 
5. ₹1,690.00 Millions is required for Investment in their Subsidiary, Globalbees Brands towards acquisition of additional stake in their stepdown Subsidiaries; 
6. ₹2,000.00 Millions is required for Sales and marketing initiatives; 
7. ₹576.00 Millions is required for Technology and data science cost including cloud and server hosting related costs; and 
8. Funding inorganic growth through acquisition and other strategic initiatives and general corporate purposes

Refer to Brainbees Solutions (Firstcry) Limited RHP for more details about the Company.