FirstCry’s Parent Brainbees Solutions Sets IPO Price Band at Rs 440-465

Brainbees Solutions Ltd., parent company of FirstCry, has set the IPO price at Rs 440-465 per share for its Rs 4,194 crore public offering opening on August 6. This includes a fresh issue and an Offer For Sale (OFS) by various shareholders. Proceeds will support new stores, overseas expansion, and marketing.

Brainbees Solutions Ltd, parent company of FirstCry, has announced a price band of Rs 440-465 per share for its IPO valued at Rs 4,194 crore.

The IPO, which opens on August 6 and closes on August 8, comprises a fresh issue and an OFS from existing shareholders such as Softbank and Mahindra & Mahindra.

The proceeds will fund new BabyHug stores, overseas expansion, and marketing initiatives, positioning the company for substantial growth.

(With inputs from agencies.)