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Open
6 Aug 2024
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Close
8 Aug 2024
3
Allotment
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Listing
Tue, Aug 13, 2024
Price Band
₹440 to ₹465
Issue Size
9,01,94,432 shares (agg. up to ₹4,194 Cr)
Lot Size
32 Shares
Listing Date
Tue, Aug 13, 2024
Latest GMP
₹87
Est. Gain
18.71%
✦ AI Insight
GMP Trend
13-08-2024₹87Est. ₹552+18.71%
12-08-2024₹87Est. ₹552+18.71%
11-08-2024₹75Est. ₹540+16.13%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 7.17x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 7,510.38 | 7,119.83 | 6,197.16 |
| Total Income | 6,575.08 | 5,731.28 | 2,516.92 |
| Profit After Tax | -321.51 | -486.06 | -78.69 |
| NET Worth | 3,170.74 | 3,456.26 | 3,527.94 |
| Reserves and Surplus | 3,081.74 | 3,367.21 | 3,439.17 |
| Total Borrowing | 462.72 | 176.47 | 90.16 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Finelistings Technologies Ltd. | SME | ₹13.53 Cr | ₹123 | 17.44 | ₹133.35 | +8.41% | ₹12.15 (-4.93%) |
| Kaushalya Logistics Ltd. | SME | ₹36.60 Cr | ₹75 | 0.16 | ₹105.00 | +40.00% | ₹28.70 (-2.71%) |
| Net Avenue Technologies Ltd. | SME | ₹10.25 Cr | ₹18 | 8.57 | ₹39.90 | +121.67% | ₹6.35 (+2.42%) |
| WomanCart Ltd. | SME | ₹9.56 Cr | ₹86 | 50.67 | ₹122.85 | +42.85% | ₹99.70 (-1.29%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up new modern stores under the ‘BabyHug’ brand | 93.90 |
| 2 | Setting up a warehouse | 14.20 |
| 3 | Expenditure for lease payments for our existing identified modern stores owned and operated by our Company, in India | 93.10 |
| 4 | Setting up new modern stores under the FirstCry brand and other home brands of our Company | 169.00 |
| 5 | Lease payments for our existing identified modern stores owned and controlled by Digital Age in India | 130.60 |
| 6 | Investment in our Subsidiary, FirstCry Trading for overseas expansion by: (i) setting up new modern stores; and (ii) setting up warehouse(s), in KSA | 155.60 |
| 7 | Investment in our Subsidiary, Globalbees Brands towards acquisition of additional stake in our step-down Subsidiaries | 169.00 |
| 8 | Sales and marketing initiatives | 200.00 |
| 9 | Technology and data science cost including cloud and server hosting related costs | 57.60 |
| 10 | Funding inorganic growth through acquisition and other strategic initiatives and general corporate purposes# | 518.74 |
About Brainbees Solutions IPO
Founded in 2010, Brainbees Solutions Limited offers products for mothers, babies, and Kids via its online platform 'FirstCry'. Brainbees Solutions (Firstcry)'s mission is to create a one-stop store for parents' retail, content, community engagement, and education needs. The company offers everything needed for an infant up to the age of 12, including apparel, footwear, baby gear, nursery, diapers, toys, and personal care, amongst others. The company offers products from Indian third-party brands, global brands, and its own brands. The company has an extensive offering for mothers, babies, and Kids with more than 1.5 million SKUs from more than 7,500 brands on its multi-channel platform across categories including apparel and fashion, toys, books, school supplies, diapers, bath and skincare, nutrition and breastfeeding, health and safety, baby gear and maternity wear (as of December 31, 2023). Brainbees Solutions (Firstcry)'s strong brand awareness and customer trust are reflected in the launch of BabyHug, one of Brainbees Solutions (Firstcry)'s house brands. According to a RedSeer report, this is the largest multi-category brand for mother, baby, and kids products in India, regardi
Contact Details
Brainbees Solutions Ltd. AddressRajashree Business Park, Survey No.338Next to Sohrabh HallTadiwala RoadPune, Maharashtra, 411001+91 84829 89157companysecretary@firstcry.comVisit Website