Brainbees Solutions IPO, Review, IPO Performance by IPOPlatform India

About Brainbees Solutions

Company Information

Brainbees Solutions Limited is India’s largest multi-channel retail platform for Mothers', Babies', and Kids' products, in terms of GMV, for the year ending December 2023, according to the RedSeer Report, with a growing presence in select international markets. In India, it sells products through its online platform, company-owned modern stores, franchisee-owned modern stores, and general trade retail distribution. FirstCry was launched in 2010 with the goal of becoming a one-stop destination for parenting needs, encompassing commerce, content, community engagement, and education. The platform was named "FirstCry" to symbolize the special moment of a baby’s first cry, aiming to make such parenting moments joyful and memorable. The company strives to build a lasting, emotional, multi-year relationship with parents, particularly mothers, starting from their baby’s conception and

Object of Issue

Expenses of the Company for (I establishment of new modern stores under the "Baby Hug" brand and (II establishment of a warehouse in India
Expenditure on lease payments for existing identified modern stores owned and operated by the Company in India
Investments in its Subsidiary Digital Age for (I setting up new modern stores under the FirstCry brand and other house brands of the Company and (II lease payments for the existing identified modern stores owned and controlled by Digital Age in India
Investment in Subsidiary FirstCry Trading for overseas expansion by (I establishment of new modern stores and (II establishment of warehouses in KSA
Investment in Subsidiary Globalbees Brands for the acquisition of an additional stake in its Subsidiaries
Sales and marketing initiatives
Technology and data science costs, including cloud and server hosting costs and Financing of inorganic growth through acquisitions and other strategic initiatives
General corporate purposes

Brainbees Solutions MainBoard IPO Details (at the time of IPO)

IPO Type :

Book Building

IPO Date :

Aug, 2024

IPO Size :

4193.73 Cr.

Market Cap :

24141.75 Cr.

IPO Subscription :

12.22 X

PE Multiple :

0.00

Merchant Banker :
Bofa Securities India Limited

IPO Registrar:
Link Intime India Private Limited

FAQs

1. What is Brainbees Solutions IPO?

Brainbees Solutions operates in Textiles and Baby Kids Personal Care In The Brand Name - Firstcry. The Issue is listed on MainBoard in Aug, 2024. Brainbees Solutions IPO size was 4193.73 Cr. with Issue price of 465.00 .

2. Who is the merchant banker of Brainbees Solutions IPO?

Merchant Banker(s) of Brainbees Solutions IPO: Bofa Securities India Limited , Jm Financial Limited , Kotak Mahindra Capital Company Limited , Morgan Stanley India Company Private Limited

3. How many times Brainbees Solutions IPO was subscribed?

Brainbees Solutions IPO subscription was 12.22 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

4. What is the listing price of Brainbees Solutions IPO?

Brainbees Solutions IPO listed at a listing price of 678.25 against the offer price of 465.00.

5. What is the current market price of Brainbees Solutions IPO?

The current market price of Brainbees Solutions is 367.90.