IPO Alert: You can become a ‘Partner’ in this company for Rs 14,880!

New Delhi. The IPO of Brainbees Solutions, the parent company of baby products company First Cry, opens next week on Tuesday, August 6. Former Tata Sons chairman Ratan Tata and cricketer Sachin Tendulkar have also invested in the company. Ratan Tata had invested in the company a few years back, while Master Blaster had bought First Cry’s unlisted shares last year. Now the company is bringing an IPO to raise Rs 4,187.72 crore from the market. Investors can invest in this IPO till August 8.

The price band of the First Cry IPO is Rs 440 to Rs 465. There are 32 shares in one lot of IPO. According to the upper price band, a retail investor has to invest at least Rs 14,880 in this IPO. Retail investors can invest a maximum of Rs 1,93,440 in the IPO, in which they will be allotted 416 shares in 13 lots. The company has given huge discounts to its employees. BrainBiz Solutions employees will get Rs 396 to Rs 421 per share.

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OFS with new shares
New shares worth Rs 1,666 crore will be issued in the first cry issue. Apart from this, existing investors of the company will also sell shares worth Rs 2,527.72 crore through open sale. The company has been valued at Rs 22,475 crore. 75 per cent of the issue is reserved for qualified institutional buyers (QIBs), 10 per cent for retail investors and 15 per cent for non-institutional investors (NIIs). Equity shares of up to Rs 3 crore have been reserved for employees.

They have invested money in the company.
Ratan Tata holds 77,900 shares of First Cry. Sachin Tendulkar and his wife Anjali own 2 lakh shares of the company. Mariwala family has 20.5 lakh shares, Ranjan Pai family has 51.3 lakh shares, Kanwaljit has 3,07,730 lakh shares, Infosys co-founder Chris Gopalakrishnan has 6,15,460 and DSP founder Heminder Kothari. There are 8,20,614 shares.

Great craze in the gray market
Unlisted shares of FirstCry IPO are getting good response in gray market. According to websites that track the share’s gray market premium, or GMP, FirstCry shares are trading at a premium of Rs 90 to Rs 95.

(Disclaimer: Investing in IPOs is subject to market risks. If you want to invest in any of them, consult a certified investment advisor first. News18 does not guarantee any profit or loss you may make. shall not be liable for damages.)

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