– FirstCry’s share price started trading at ₹625 on the BSE, up 34.4% from the offer price
– The share price closed at ₹673.50, a 3.46% increase
– The parent company, Brainbees Solutions, saw its stock rise by 5.31%
– FirstCry recorded a 15% increase in operating revenue and reduced losses by 34% in FY24
– Experts recommend investors to book profits and consider exiting due to financial difficulties faced by the company
– Funds raised from the IPO will be used for operational purposes, not debt reduction
– Brainbees Solutions raised ₹1,885.8 crore from anchor investors before its market debut
– The IPO was oversubscribed by 12.2 times, with strong interest from QIBs and NIIs
– Shares of Brainbees Solutions had a strong debut on the stock exchanges, with a significant premium over the issue price