Firstcry

The fall in the stock price follows the end of the lock-in period for 20 million shares from the company's initial public offering, launched in August this year

So far this year, bankers have pocketed Rs 1,226 crore for handling 45 IPOs

FirstCry has also joined the club of startup unicorns that have successfully IPO'd over the last few years. Others include Zomato, Paytm, PolicyBazaar, and Ola

Before its listing, the grey market premium (GMP) for the FirstCry IPO was quoted around Rs 87, suggesting strong listing gains

According to grey market players, Unicommerce could list at a 60% premium, while FirstCry at 20%

FirstCry shares are trading at a premium of nearly Rs 86 or 18.49 per cent on Monday, which is nearly triple the GMP of Rs 32 or 6.88 per cent that the shares commanded on the IPO opening date

Available at a price band of Rs 440-465, with a lot size of 32 shares, FirstCry IPO was subscribed 12.22 times by the final day of subscription on August 8, 2024

FirstCry will use the IPO proceeds to set up new stores, lease payments for its existing stores, invest in its subsidiary for its overseas expansion, and pay technology costs, among others

The public issue of Pune-based Brainbees Solutions consists of a fresh issue of equity shares valued at Rs 1,666 crore and an OFS (offer for sale) component of up to 5.44 crore shares

75% of Ola's maiden issue is reserved for qualified institutional buyer

FirstCry IPO is available at a price band of Rs 440-465 per share with a lot size of 32 shares of the company

As investors await the subscription window to open for Firstcry IPO, here are some key details that you should know before bidding for the public issue

The IPO comprises a fresh fund raise worth Rs 1,666 crore and a secondary share sale worth Rs 2,528 crore

It said it will use the proceeds from the offering to fund acquisitions, international expansion and set up new stores

While FirstCry had refiled its DRHP, Unicommerce classified more entities as promoters for IPO approval

Expected IPOs in the coming months include those of Ola Electric, FirstCry, Waaree Energies, Fincare Small Finance Bank, Bansal Wire Industries, NSDL, among others

The company plans to set up new modern stores and warehouses in the Kingdom of Saudi Arabia (KSA), according to the sources

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The Securities and Exchange Board of India (Sebi) had asked the company to re-file the draft documents due to inadequate disclosure of key performance indicators (KPIs)

Founder and CEO of FirstCry Supam Maheshwari's overall earnings amounted to Rs 77.5 crore during the first three quarters of FY24, in comparison to Rs 200.7 crore for the entirety of FY23