Firstcry IPO (Brainbees Solutions) Fundamental analysis, GMP
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Must konw about firstcry IPO before buy check today GMP, isuue dates, fundamentals analysis of Brainbees Solutions share price.
Brainbees Solutions Ltd, the parent company of Firstcry, has announced its Initial Public Offering (IPO) from August 6 to August 8, 2024. With a minimum investment of ₹14,080 for 32 shares, this IPO presents a significant opportunity for investors, especially given the company's strong market presence and consistent financial growth.
Firstcry IPO Details
- Firstcry IPO release date or bidding date: August 6 - August 8, 2024
- Firstcry minimum investment amount: ₹14,080
- Firstcry Lot Size: 32 shares
- Firstcry Price Range: ₹440 - ₹465 per share
About Brainbees Solutions (Firstcry)
Founded in 2010, Firstcry operates as a retail platform dedicated to products for mothers, babies, and children. The company has successfully implemented a digital strategy in India that includes online sales, company-owned contemporary stores, and franchises. Under the leadership of Managing Director Mr. Supam Maheshwari, Brainbees Solutions Ltd has grown to become a leading name in the baby products retail sector.
Strengths and Financials
▽ Strengths of Firstcry
- International Expansion: Firstcry has expanded its international footprint by establishing operations in the UAE and Saudi Arabia in 2019 and 2022, respectively.
- Multi-channel Approach: The integrated Firstcry platform caters to shopping, community engagement, and education. This approach spans online platforms, contemporary storefronts, and general trade retail across India, with extended online services in the UAE and Saudi Arabia.
- Educational Trust: Through the Edubess Educational Trust, Firstcry owns and manages multiple pre-schools across India, further extending its educational reach through a network of franchised pre-schools.
- Extensive Product Range: Firstcry offers an extensive selection of over 1.5 million store keeping units (SKUs), sourced from more than 7,500 brands, encompassing local and global names as well as in-house brands.
- Retail Presence: In India, Firstcry's retail presence includes 1,018 modern stores under the Firstcry and Babyhug brands, spread over 508 cities across 28 states and five Union Territories.
- Consistent Revenue Growth: The company has seen a consistent increase in its revenue from operations, increasing from ₹1,602.85 crore in FY21 to ₹2,401.29 crore in FY22 to ₹5,632.54 crore in FY23.
▽ Financials of Firstcry's parent company Brainbees Solutions
- Firstcry revenue: Significant increase in revenue from ₹1,602.85 crore in FY to ₹5,632.54 crore in FY17.
- Total Assets: Good growth in assets of ₹4078 crore in 2021 to ₹7120 crore in 2023.
- Firstcry Profit: Firstcry has maintained a strong profit trajectory, contributing to its attractiveness for potential investors.
Application Details Firstcry
Investors can apply for the IPO in three categories: Regular, Employee, and High Networth Individual (HNI).
- Regular: Price band ₹440 - ₹465, apply up to ₹2 lakh.
- Employee: Price band ₹396 - ₹421, apply up to ₹2 lakh.
- HNI: Price band ₹440 - ₹465, apply from ₹2 - ₹5 lakh.
Eligible investors can apply as Regular or Employee applicants, ensuring a broad range of participation options.
FirstCry GMP Today
As of today, the Grey Market Premium (GMP) for Brainbees Solutions Ltd IPO is an essential indicator for investors. GMP reflects the premium at which the IPO shares are trading in the grey market. Currently, the GMP for Brainbees Solutions Ltd IPO is trending positively, indicating strong investor interest and confidence in the company's future performance. Keeping an eye on GMP trends can provide valuable insights into potential listing gains.
Final Conclusion of Brainbees Solutions (Firstcry) IPO
The Brainbees Solutions (Firstcry) IPO presents a promising investment opportunity with its robust business model, extensive market presence, and consistent financial growth. The company's strategic international expansion and diversified product range further bolster its attractiveness to investors. By participating in this IPO, investors can potentially benefit from Firstcry's future growth and expansion plans.