Last Updated on 13/08/2024 by wccexam Desk
Shares of FirstCry, a platform that sells children’s clothes and other related products online, have entered the stock market (FirstCry IPO Listing) and it has been a hit. On the second trading day of the week, shares of FirstCry’s parent company Brainbees Solutions Limited were listed on NSE at Rs 651 at a 40 percent premium.
Profit of about 6000 rupees on one lot
FirstCry’s parent company BrainBees Solutions has had a great listing in the stock market. The company’s shares were listed at Rs 651 with a 40% premium on the National Stock Exchange (NSE), while the shares were listed at Rs 625 with a 34.4% premium on the Bombay Stock Exchange (BSE). The issue price of the FirstCry IPO was Rs 465. In this way, the investors who bid in it have made a profit of about Rs 186 on each share and they have earned Rs 5,952 on one lot.
This IPO was open from 6 to 8 August
The IPO of FirstCry, an e-commerce company that sells children’s clothes, shoes and other items, opened for subscription on August 6 and investors invested in it till August 8. The size of this IPO was Rs 4,193.73 crore and under this, the company offered 35,827,957 fresh shares worth Rs 1666 crore, while 54,359,733 shares worth Rs 2527.73 crore through Offer for Sale (OFS).
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The company had fixed this price band
Under the FirstCry IPO, the company had fixed a price band of Rs 440-465 per share and through this shares with a face value of Rs 2 were issued. The company had fixed a lot size of 32 shares under the IPO and investors had invested at least Rs 14,880 while bidding for this IPO. Now with the listing in the market, the amount invested by them for one lot has increased to Rs 20,832 in a jiffy.
Signs were being found in the grey market
Indications of a strong listing of FirstCry IPO were already visible looking at its performance in the grey market. This IPO received 19.30 times subscription from qualified institutional buyers (QIB), while the quota of non-institutional investors (NII) was filled 4.68 times. Apart from this, the retail investors category was subscribed 2.31 times.
(Note- Before investing in the stock market or IPO market, please consult your market experts.)
Source (PTI) (NDTV) (HINDUSTANTIMES)