– Firstcry is going public with an IPO consisting of fresh equity shares and an OFS component, bringing the total issue size to ₹4,194 crore.
– FirstCry is India’s largest multi-channel, multi-brand retailing platform for mothers’, babies’, and kids’ products.
– The IPO was subscribed 12.22 times, with QIBs portion subscribed 19.30 times, NIIs category subscribed 4.68 times, and retail investors’ portion subscribed 2.31 times.
– The net proceeds from the IPO will be used for various purposes, including establishing stores under the brand ‘BabyHug’ and overseas expansion.
– Several existing shareholders, including Softbank, Mahindra & Mahindra, and Ratan Tata, sold shares in the OFS component of the IPO.