Page 2 - Firstcry Ipo News Today

Supam Maheshwari is a visionary who has made his mark in business world with his sheer dedication to creativity and his trailblazing endeavours.

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 companys initial public offer (IPO).

FirstCry IPO: FirstCry CEO has also listed himself as a selling shareholder in the public issue, according to the companys 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.

This transaction took place just 10 days before the company filed its IPO papers.

According to the DRHP, Maheshwari held about 7.46% stake as a promoter 10 days before the company filed its IPO prospectus with Sebi. As on the date of filing the IPO papers, the stake was reduced to 5.95%, meaning there was a sale of 62 lakh shares.

Maheswhari offloaded over 6 million shares in FirstCry in the 10 days prior to filing DRHP and a total of 9 million shares in the preceding six months

Ahead of the FirstCry IPO filing, CEO Supam Maheshwari has offloaded shares worth ₹300 crore, according to the DRHP.

The top 10 executives of Bhavish Aggarwal-led e-scooter manufacturer Ola Electric are sitting on a potential cash value of ₹16,792 crore, of which Aggarwal’s stake alone is worth a little more than ₹16,000 crore

​After a hectic 2023, the IPO pipeline remains equally strong in 2024 despite the volatility that comes around with general elections scheduled later this year.

The IPO market is likely to witness a robust capital raise even in 2024 as more than 65 IPO documents are filed with Sebi, Kotak’s Chouhan said. All eyes would be on Swiggy, Firstcry, Ola Electric, Oyo and Portea Medical, Chouhan said.