FirstCry IPO Overview
- IPO Opening and Closing Dates: Scheduled to open in 2024. Exact dates are yet to be announced.
- Issue Size: The IPO aims to raise ₹1,816 crores through a mix of fresh issues and an offer for sale (OFS).
- Price Band: The price band has not been disclosed yet.
- Listing: Proposed to be listed on both BSE and NSE.
Investment and Allotment Details
- Investor Categories: 75% for QIBs, 15% for NIIs, and 10% for RIIs.
- Application Process: Investors can apply via ASBA through their bank account or via UPI through stock brokers.
Company Overview
FirstCry is India’s largest retail platform for products related to babies, kids, and mothers, operating both online and through a network of physical stores.
Use of Proceeds
- Capital Expenditure: Funds will be used to set up new retail stores, a warehouse, and for lease payments of existing stores.
- Expansion Plans: Additional funds will support overseas expansion and investment in subsidiaries.
Market and Competitors
Competes with both online platforms like Amazon and Flipkart and specialized retailers. Known for its extensive product range and strong brand affinity.