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Business News/ Markets / Ipo/  FirstCry Share Price Highlights: Shares list at 40% premium on BSE, NSE
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FirstCry Share Price Highlights: Shares list at 40% premium on BSE, NSE

2 min read . Updated: 13 Aug 2024, 03:51 PM IST
Shivangini

FirstCry Share Price Highlights: Brainbees Solutions, the parent company of popular e-commerce platform FirstCry, made a strong market debut on Tuesday. The company's shares opened at ₹651 on the National Stock Exchange, marking a 40% premium over the issue price of ₹465. 

First Cry Share Price Live Updates: Shares list at 40% premium on BSE, NSE; Check detailsPremium
First Cry Share Price Live Updates: Shares list at 40% premium on BSE, NSE; Check details

FirstCry Share Price Highlights: On the Bombay Stock Exchange, the stock began trading at ₹625, up 34.4% from its offer price.

13 Aug 2024, 03:51:08 PM IST

FirstCry Share Price Live: Firstcry stock closed 3.46 per cent higher on Tuesday

FirstCry Share Price Live: The share price of Firstcry closed 3.46 per cent higher on Tuesday's trading session at ₹673.50.

13 Aug 2024, 02:41:46 PM IST

FirstCry Share Price Live: FirstCry financial results in FY24

FirstCry Share Price Live: In FY24, the company achieved a 15% increase in operating revenue, reaching ₹6,481 crore, while also reducing its losses by 34% to ₹321 crore.

13 Aug 2024, 01:12:29 PM IST

FirstCry Share Price Live: Brainbees share price in green, up 5.31%

Brainbees Solutions, the parent company of FirstCry, was trading in the green, up 5.31%, on August 13, at 1:10 pm. 

13 Aug 2024, 11:53:35 AM IST

FirstCry shares extend gains after strong market debut, expert recommendations on buy, sell, or hold

Following a robust debut, shares of FirstCry continued to climb on Dalal Street, significantly surpassing their estimated fair value of ₹550 to ₹575. Stock market experts are advising investors to book profits and consider exiting due to challenges faced by FirstCry’s parent company, Brainbees Solutions Limited. These challenges include ongoing negative cash flows, regulatory hurdles, and increasing debt.

Akriti Mehrotra, a Research Analyst at StoxBox, highlighted that while FirstCry has effectively integrated its physical and online platforms to benefit from network effects and operational efficiency, the company is grappling with financial difficulties. In FY24, FirstCry's revenue grew by 15% to Rs. 6,575.1 crores, but it recorded losses of Rs. 321.5 crores, and its debt surged from Rs. 176.5 crores to Rs. 462.7 crores.

"The funds being raised are intended for operational purposes rather than debt reduction," Mehrotra explained. "While the market's initial enthusiasm is evident in the listing price, it doesn’t fully reflect the company’s financial difficulties. We recommend that investors who have been allotted shares should consider booking profits and exiting their positions for now."

13 Aug 2024, 10:51:15 AM IST

FirstCry Share Price Live: Brainbees Solutions secures ₹1,885.8 crore from anchor investors ahead of listing

Prior to its market debut, Brainbees Solutions raised ₹1,885.8 crore from anchor investors on August 5. Established in 2010, the company operates the FirstCry platform, which offers an extensive selection of products for mothers, babies, and children. The platform features over 1.5 million SKUs from more than 7,500 brands.

13 Aug 2024, 10:39:13 AM IST

FirstCry Share Price Live: FirstCry IPO sees over 12x subscription, with QIBs leading the charge

The IPO of Brainbees Solutions (FirstCry) received an overwhelming response, with the issue being subscribed 12.2 times by the end of the bidding period. Retail investors subscribed 2.3 times, while Qualified Institutional Buyers (QIBs) demonstrated significant interest with a 19.3 times subscription. The Non-Institutional Investors (NIIs) category also saw strong demand, with a subscription rate of 4.7 times.

13 Aug 2024, 10:17:47 AM IST

First Cry Share Price Live: Brainbees Solutions shares list at 40% premium to IPO price on NSE

Shares of Brainbees Solutions (FirstCry) had a robust debut on the stock exchanges on Tuesday. The company's shares were listed at ₹625 on the BSE, marking a premium of ₹160 or a 34.40 percent gain over the issue price of ₹465. On the NSE, the shares opened at ₹651, delivering a return of ₹186 or 40 percent per share compared to the allotment price.

Prior to the listing, the grey market premium (GMP) for the FirstCry IPO was around ₹87, indicating anticipated strong listing gains.

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