FirstCry IPO: Startup Bags INR 1,885.8 Cr From Anchor Investors

Omnichannel baby and kids marketplace FirstCry.com (BrainBees Solutions Ltd.) has raised INR 1885.82 Cr from anchor investors at INR 465 per equity share. The startup allotted 4.05 Cr shares to 71 anchor investors 👇

FirstCry, in its regulatory filings, mentioned, “The IPO committee of the company at its meeting held on August 5, 2024… has finalised allocation of 4,05,55,428 equity shares, to anchor investors at anchor investor allocation price of INR 465 per equity share (including share premium of INR 463 per equity share)…”

The anchor round saw participation from the Government of Singapore, Abu Dhabi Investment Authority (ADIA), Nomura, Fidelity India, Goldman Sachs, State Bank of India (SBI), ICICI Prudential, and HDFC Mutual Fund, among others.

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Credit - Inc42 Media