On Friday, August 9, following a successful subscription, the share allotment status of FirstCry IPO (Brainbees Solutions Ltd.) is anticipated to be finalized). From August 6 to August 8, bids were accepted for the mainboard public offer. The NSE and BSE will list Brainbees Solutions Ltd.’s shares. August 13 has been set aside as the tentative date for the IPO listing.
FirstCry IPO GMP
On Monday, FirstCry shares are selling at a premium of around Rs 86, or 18.49%, compared to the GMP of Rs 32, or 6.88%, that the shares fetched on August 6, 2024, when the IPO opened. FirstCry’s shares are expected to list on the bourses at a premium of more than 18% if the IPO GMP trend continues at current pace. FirstCry’s shares could list on the BSE and NSE for about Rs 551 (GMP + Issue Price) based on the most recent GMP.
Steps to Check FirstCry IPO Allotment Status
- Visit https://www.bseindia.com/static/investors/application_statuschecksystem.aspx to access the BSE IPO Allotment Status page.
- Select the issue type ‘Equity’. From the ‘Issue Name’ drop-down option, choose ‘FirstCry’.
- Enter your PAN or IPO application number here.
- Fill out the ‘Captcha’ to ensure verification.
- Press ‘Search’ to see the specifics of your share allotment.
Similarly, by utilizing your PAN and application number, you can check the status of your Firstcry IPO share allotment on the NSE website.
FirstCry IPO Details
The initial public offering (IPO) comprises two components: a new share offering of 3.58 crore, valued at Rs 1,666 crore, and a selling offer of 5.44 crore shares, valued at Rs 2,527.7 crore. 30% of the IPO had been subscribed as of Wednesday. The minimum lot size is 32 shares, and the price range is Rs 440 to Rs 465 per share. Small non-institutional investors must invest a minimum of 14 lots, retail investors must invest a minimum of Rs 14,880, and non-institutional investors must invest a minimum of 68 lots.
Prior to the IPO, the business received Rs 1,885 crore on Monday from anchor investors. Mahindra & Mahindra Ltd., the firm’s parent company, would sell 28.06 lakh shares of the company, while SVF Frog, an affiliate of Softbank, will sell 2.03 crore equity shares. At the moment, M&M owns 10.98% of Brainbees Solutions, a multi-brand selling platform, while Softbank controls 25.55% of the company.
