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FirstCry s parent firm Brainbees Solutions files draft papers with Sebi to garner funds via IPO

New Delhi, Dec 28 (PTI) Brainbees Solutions Ltd, the parent firm of online e-commerce platform FirstCry, on Thursday filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).

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FirstCry Files DRHP For IPO To Raise Funds Worth ₹1,816 Cr

FirstCry Files DRHP For IPO To Raise Funds Worth ₹1,816 Cr
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FirstCry IPO: FirstCry parent Brainbees Solutions submits IPO documents to raise Rs 1,816 crore; SoftBank, M&M, Ratan Tata to offload shares

India Business News: Brainbees Solutions, the company behind FirstCry, has submitted the necessary documents to SEBI to initiate its IPO. The IPO includes a new share issu

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FirstCry-owner Brainbees Solutions files DRHP; check key selling shareholders, financials & strengths

Besides, it plans investment in its subsidiary, FirstCry Trading, for overseas expansion; investment in its subsidiary, Globalbees Brands, towards the acquisition of additional stakes in its indirect subsidiaries; and sales and marketing initiatives. Get more Markets News and Business News on Zee Business.

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Firstcry IPO: Issue details, objectives, and more - 10 key things to know from DRHP

The Firstcry IPO comprises of issuance of fresh equity shares worth ₹1,816 crore as well as an offer for sale by existing shareholders and promoters. It has not announced the opening and closing dates for the IPO subscription yet in its DRHP or its price band.

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