Explore

...

...

Next Story

FirstCry shares list at 40% premium over IPO price

Ahead of the issue opening, the company raised ₹1886 crore from 71 anchor investors including SBI Mutual Fund, ICICI Prudential Mutual Fund, among others.

Updated on: Aug 13, 2024, 10:26:28 IST

By HT News Desk

Prefer HTon Google

Advertisement

Shares of Brainbees Solutions, which operates and owns FirstCry, listed with a premium of 40%- ₹651 on NSE against an issue price of ₹549. On BSE, the stock listed at ₹625 apiece, up 34.4%. The shares traded at a GMP of ₹84 in the unlisted market ahead of the listing.

Read more: MSCI to increase HDFC Bank’s weightage in Global Standard Index in 2 tranches

FirstCry shares traded at a GMP of ₹84 in the unlisted market ahead of the listing.

Ahead of the issue opening, the company raised ₹1886 crore from 71 anchor investors including SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Mutual Fund, Government of Singapore, ADIA, Goldman Sachs among others.

Read more: Unicommerce eSolutions makes stellar market debut: Lists at 118% premium

Net proceeds from the IPO will be used by the company to set up new modern stores under the brand 'BabyHug', invest in subsidiary Digital Age, overseas expansion, sales and marketing initiatives.

ABOUT THE AUTHOR

...Read MoreFollow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications. Read Less

Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.

Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.

Home/Business/FirstCry shares list at 40% premium over IPO price

See Less

SHARE THIS ARTICLE ON