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The IPO of SoftBank-backed FirstCry comprises a fresh issue of equity shares worth ₹1,816 crore and OFS of up to 5.43 crore shares by existing shareholders.
India Business News: Brainbees Solutions, the parent company of FirstCry, has filed draft IPO papers with SEBI for an IPO comprising fresh shares and an offer for sale by
Firstcry has filed for an initial public offering (IPO) on Thursday, its draft papers showed.
FirstCry IPO: Firstcry's parent Brainbees Solutions will sell shares worth Rs 18.16 billion ($218 million) and existing investors, including SoftBank, will sell up to 54.4 million shares.
FirstCry will raise Rs 1,816 crore through a primary issue while existing investors like M&M, SoftBank and others will sell a total of 5.44 crore shares via an Offer for Sale (OFS).