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Supam Maheshwari, Co-Founder and CEO of mother and child care e-commerce platform FirstCry has reportedly offloaded 6.2 million shares prior to filing for the company’s initial public offer (IPO).
The success of one or two IPOs does not dictate whether the upcoming IPOs will be successful or not, but it certainly indicates that the markets and investors are enthusiastic about startup IPOs.
Supam Maheshwari, cofounder and CEO of mother and child care e-commerce platform FirstCry has reportedly offloaded 6.2 million shares prior to filing for the company s initial public offer (IPO).
FirstCry IPO: FirstCry CEO has also listed himself as a selling shareholder in the public issue, according to the company s Draft Red-Herring Prospectus (DRHP). He had 7.46 per cent stake in the company but after filing the draft IPO papers, his holding came down to 5.95 per cent stake.