– Firstcry IPO made a strong market debut listing at a premium of 40% over its issue price on the NSE
– Shares of Brainbees Solutions (Firstcry) opened at Rs 651 on the NSE, at a premium of 40%
– The IPO was moderately subscribed at 12.22 times, indicating decent investor interest
– The strong listing performance reflects renewed confidence in the company’s growth prospects
– Concerns remain about the company’s path to profitability, reliance on third-party manufacturers, and negative cash flows
– The IPO was oversubscribed by 12.22 times, with subscription rates of 2.31 times in the retail segment, 19.30 times among QIBs, and 4.68 times in the NII category
– Brainbees Solutions Limited secured Rs 1885.8 crore from 71 anchor investors
– The price range for Firstcry IPO was set between Rs 440 and Rs 465 per equity share