Brainbees Options Ltd., the mother or father of FirstCry.com has an Preliminary Public Provide (IPO) of its fairness shares to mobilise upto ₹4,194 crore by a contemporary concern and an Provide for Sale (OFS).
The worth band of the IPO has been mounted at ₹440 and ₹465 per fairness share.
The difficulty will open on August 6, 2024 and can shut of August 8, 2024. Bids will be made for at least 32 shares and in multiples of 32 shares thereafter.
The ground worth is 220 occasions and cap worth is 232.5 occasions of the face worth of the fairness shares.
The supply includes of a contemporary concern aggregating as much as ₹1,666 crore and OFS of upto 54,359,733 fairness shares of face worth ₹2. On the higher worth band the OFS will fetch ₹2,528 crore. Thus the whole IPO measurement has been estimated at ₹4,194 crore.
