FirstCry IPO subscription started on 6 August 2024 and will close on 8 August 2024. Brainbees Solutions plans to raise around INR 4,193.73 crores via the IPO. The price band is fixed at INR 440 – 465 per share. The Brainbees Solutions IPO market lot has 32 shares and the minimum application amount is INR 14,880. The retail quota is 10%, QIB is 75% and NII is 15%.
Check FirstCry IPO subscription status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. The public issue has QIB, NII, and Retail categories for the subscription. In addition, there are shares reserved for employees and the company is giving nearly 10% discount to its employees. Here you can find FirstCry IPO subscription status segregated by days and investor categories.
FirstCry IPO Subscription Status – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
| Shares Offered | 2,70,36,953 | 1,35,18,476 | 90,12,317 | 71,258 | 4,96,39,004 |
| 8 Aug 2024 | 19.30 | 4.67 | 2.30 | 6.56 | 12.21 |
| 7 Aug 2024 | 0.03 | 0.30 | 1.06 | 3.44 | 0.30 |
| 6 Aug 2024 | 0.00 | 0.08 | 0.46 | 1.79 | 0.11 |
4,05,55,428 shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
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FirstCry (Brainbees Solutions) – Business Background Founded in 2010, Brainbees Solutions, known as FirstCry, has rapidly become one of India’s leading multi-channel retailers specializing in products for mothers, babies, and children. By 31 March 2024, the company has expanded its presence dramatically, boasting 1,063 FirstCry and BabyHug modern stores across 533 cities in India, spanning 28 states and 5 union territories. Its reach doesn’t stop there; FirstCry is also establishing a strong international presence, making inroads into markets like the UAE and KSA.
As of 31 March 2024, the platform offers over 1.65 million SKUs from 7,580 brands, encompassing third-party Indian and global brands, as well as its own. The FirstCry mobile app in India has been downloaded over 127 million times.
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Investor Categories in Brainbees Solutions IPO Subscription
The three most important categories of IPO investors defined by SEBI are part of the Brainbees Solutions IPO.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
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FirstCry IPO Subscription Status FAQs
When will the subscription for FirstCry IPO start?
FirstCry IPO is open for subscription from 6 August to 8 August 2024.
How to subscribe to FirstCry (Brainbees Solutions) IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When will FirstCry IPO be listed? FirstCry (Brainbees Solutions) IPO will be listed on 13 August 2024, at the BSE and NSE stock exchanges.
