Brainbees Solutions IPO details Today : Brainbees Solutions IPO details Today is Open on 6 August 2024 and Close on 8 August 2024. Brainbees Solutions (Firstcry) IPO to Raise 90,187,690 shares (Approx ₹4,193.73 Cr) via IPO. The Fresh issue of 35,827,957 shares (Approx ₹1,666.00 Cr) and Offer For Sale is 54,359,733 shares of ₹2 (Approx ₹2,527.73 Cr).
Our Company was incorporated on May 17, 2010 We are India’s largest multi-channel retailing platform for Mothers’, Babies’ and Kids’ products GMV.In India, we sell Mothers’, Babies’ and Kids’ products through our online platform, company-owned modern stores, franchisee-owned modern stores and general trade retail distribution.
we are the largest specialist online Mothers’, Babies’ and Kids’ Product retail platforms in UAE, in terms of GMV,
We offer products from third-party Indian brands, global brands, and our home brands . BabyHug, one of FirstCry’s home brands, is the largest multi-category Mothers’, Babies’, and Kids’ products GMV brand in India .
Our multi-channel retailing platform includes FirstCry’s online platform accessible through our mobile application and website, FirstCry modern stores comprising franchisee-owned, franchisee-operated modern stores (“FOFO”), company-owned and company-operated modern stores (“COCO”) as well as general trade retail distribution. More than 1.5 million SKUs from over 7,500 brands, including third-party Indian brands, global brands, and our home brands.
Our FirstCry mobile application in India had been downloaded more than 120 million times, 97 million times, 70 million times and 48 million times in 2023.We have a network of 1,018 FirstCry and BabyHug modern stores in 508 cities in 28 states and five union territories across India with over 1.99 million square feet of retail space in Year 2023.
We have no identifiable promoter. We maintain robust governance practices, which we believe have been critical to supporting the growth of our business. Our management team is guided by a strong Board, which has included representatives of our significant shareholders, and Independent Directors. Significant strategic decisions have been taken with the guidance and approval of our Board of Directors, a majority of whom are presently Independent Directors, and after consultation with our significant shareholders.
Brainbees IPO Date & Price Band Details
| IPO Open Date | 06 Aug 2024 |
|---|---|
| IPO Close Date | 08 Aug 2024 |
| IPO Size | 90,187,690 shares (Approx ₹4,193.73 Cr) |
| Fresh Issue | 35,827,957 shares (Approx ₹1,666.00 Cr) |
| Offer For Sale | 54,359,733 shares of ₹2 (Approx ₹2,527.73 Cr) |
| Lot Size | 32 Shares |
| IPO Face Value | ₹2 Per Equity Share |
| IPO Price Band | ₹440 to ₹465 Per Every Share |
| Employee Discount | ₹44 Per Equity Share" |
| IPO Listing On | NSE & BSE |
| IPO Retail Quota | 10% |
| IPO QIB Quota | 75% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Brainbees IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 32 | ₹14,880 |
| Retail Maximum | 13 | 416 | ₹1,93,440 |
| S-HNI Minimum | 14 | 448 | ₹2,08,320 |
| B-HNI Minimum | 68 | 2,176 | ₹10,11,840 |
Object of the Issue
- Expenditure for: (i) setting up new modern stores; (ii) setting up a warehouse; and (iii) lease payments for our existing identified modern stores, in India.
- Investment in our Subsidiary, FirstCry Trading for overseas expansion by: (i) setting up new modern stores in the Kingdom of Saudi Arabia (“KSA”); and (ii) setting up warehouse(s) in KSA.
- Investment in our Subsidiary, Globalbees Brands towards acquisition of additional stake in our indirect Subsidiaries.
- Sales and marketing initiatives.
- Technology and data science cost including cloud and server hosting related costs.
- Funding inorganic growth through acquisition and other strategic initiatives and general corporate purposes.
Brainbees IPO Allotment & Listings (Details)
| IPO Open Date | 6 Aug 2024 |
|---|---|
| IPO Close Date | 8 Aug 2024 |
| Basis of Allotment | 9 Aug 2024 |
| Refunds | 12 Aug 2024 |
| Credit to Demat Account | 12 Aug 2024 |
| IPO Listing Date | 13 Aug 2024 |
Brainbees Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| Dec 2023 | ₹4890.02 | ₹5159.73 | ₹278.25 |
| 2023 | ₹5731.28 | ₹6315.67 | ₹486.06 |
| 2022 | ₹2516.92 | ₹2568.06 | ₹78.69 |
| 2021 | ₹1740.06 | ₹1645.30 | ₹215.94 |
Also Read: Unicommerce E- Solutions IPO
Qualitative Factors
- We are India’s largest multi-channel, multi-brand retailing platform for Mothers’, Babies’ and Kids’ Products.
- Our platform has powerful network effects driven by content, brands, and data.
- Brand affinity, loyalty, and trust of customers in the FirstCry brand.
- Combination of curating growing home brands and relationships with prominent third-party brands.
- Our technology and data-driven, personalized customer journey lead to higher customer engagement.
- Full-stack platform with control over manufacturing and supply chain.
- Proven and scalable business model.
Brainbees Solutions Contact Details
Rajashree Business Park
Survey No. 338
Next to Sohrabh Hall, Tadiwala Road
Pune 411001 Maharashtra, India
Tel: (+91) 8482989157
E-mail:companysecretary@firstcry.com
Website www.firstcry.com
Brainbees Solutions IPO Registar
Link Intime India Private Limited
C-101, 1stFloor
247 Park, L.B.S. Marg
Vikhroli WestMumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
Email: olaelectric.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance ID: olaelectric.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
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