NEW DELHI: Brainbees Options, the mother or father firm of omni-channel retailer FirstCry has filed draft preliminary public providing (IPO) papers with market regulator Securities and Trade Board of India (SEBI) on Thursday. The IPO contains a problem of contemporary shares price Rs 1,816 crore and a suggestion on the market (OFS) of 5.4 crore shares by current traders.
Largest shareholder SoftBank, Mahindra & Mahindra and personal fairness agency TPG are among the many promoting shareholders. SoftBank which holds a 25.5% stake within the firm will offload 2 crore shares on the IPO, in response to the draft purple herring prospectus (DRHP).
Based by Supam Maheshwari, Prashant Jadhav, Amitava Saha and Sanket Hattimattur in 2010, FirstCry retails child and youngsters merchandise moreover providing a variety of maternity clothes and associated objects by way of its web site and shops.
The Pune-based agency’s bodily footprint spans 936 FirstCry and BabyHug trendy shops throughout 465 cities within the nation. The agency has raised greater than $900 million from traders, in response to estimates by market analysis agency Tracxn and was final valued at underneath $3 billion. The 4 founders are among the many particular person promoting shareholders providing a few of their shares in OFS. Ratan Tata can be promoting 77,900 shares.
FirstCry plans to make use of the IPO proceeds to arrange new shops, warehouses, fund acquisitions, abroad enlargement and help gross sales and advertising initiatives. FirstCry and Ola Electrical belong to the primary batch of recent age corporations going for a public debut in 2024.
Gamers like Oyo, Swiggy, PayU India are amongst different corporations aiming to get listed within the public markets within the coming yr. FirstCry’s losses ballooned to Rs486 crore in FY23 from Rs 78 crore in FY22. Income from operations, nonetheless, elevated by 135% year-on-year to Rs 5,632 crore.
Largest shareholder SoftBank, Mahindra & Mahindra and personal fairness agency TPG are among the many promoting shareholders. SoftBank which holds a 25.5% stake within the firm will offload 2 crore shares on the IPO, in response to the draft purple herring prospectus (DRHP).
Based by Supam Maheshwari, Prashant Jadhav, Amitava Saha and Sanket Hattimattur in 2010, FirstCry retails child and youngsters merchandise moreover providing a variety of maternity clothes and associated objects by way of its web site and shops.
The Pune-based agency’s bodily footprint spans 936 FirstCry and BabyHug trendy shops throughout 465 cities within the nation. The agency has raised greater than $900 million from traders, in response to estimates by market analysis agency Tracxn and was final valued at underneath $3 billion. The 4 founders are among the many particular person promoting shareholders providing a few of their shares in OFS. Ratan Tata can be promoting 77,900 shares.
FirstCry plans to make use of the IPO proceeds to arrange new shops, warehouses, fund acquisitions, abroad enlargement and help gross sales and advertising initiatives. FirstCry and Ola Electrical belong to the primary batch of recent age corporations going for a public debut in 2024.
Gamers like Oyo, Swiggy, PayU India are amongst different corporations aiming to get listed within the public markets within the coming yr. FirstCry’s losses ballooned to Rs486 crore in FY23 from Rs 78 crore in FY22. Income from operations, nonetheless, elevated by 135% year-on-year to Rs 5,632 crore.
