Brainbees Solutions Ltd
Price Range
₹440 - ₹465
Min. Quantity
32
Closes on
8 August 2024
Min. investment
₹14,880/416 Shares
Brainbees Solutions Ltd IPO Timeline
'Brainbees Solutions Limited' was incorporated on May 17, 2010, as a private limited company under the Companies Act 1956, with the name 'Brainbees Solutions Private Limited', at Pune pursuant to a certificate of incorporation issued by the RoC. Upon the conversion of the Company to a public limited company, pursuant to a resolution passed by the companies Board on August 31, 2023 and a resolution passed by the companies shareholders at the extra-ordinary general meeting on September 5, 2023, the name of the Company was changed to 'Brainbees Solutions Limited'. A fresh certificate of incorporation dated November 2, 2023 was issued by the RoC consequent to our Company's conversion into a public limited company.
| Event | Date |
|---|---|
| Brainbees Solutions Ltd IPO Opening Date | 6 August 2024 |
| Brainbees Solutions Ltd IPO Closing Date | 8 August 2024 |
| Basis of Allotment | 9 August 2024 |
| Initiation of Refunds | 12 August 2024 |
| Credit of Shares to Demat | 12 August 2024 |
| Brainbees Solutions Ltd IPO Listing Date | 13 August 2024 |
Brainbees Solutions Ltd IPO Details
| Brainbees Solutions Ltd IPO Date | 6 August 2024 to 8 August 2024 |
| Brainbees Solutions Ltd IPO Face Value | ₹2 per share |
| Brainbees Solutions Ltd IPO Price | ₹440 to ₹465 per share |
| Brainbees Solutions Ltd IPO Lot Size | 32 |
| Issue Size | Shares of ₹2 (aggregating up to ₹4,193.73 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹1666 Cr) |
| Offer for Sale | Shares of ₹2 (aggregating up to ₹2,527.73 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 2,70,36,953 of the Net Offer |
| Retail Shares Offered | Not less than 90,12,317 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 1,35,18,476 of the Net Offer |
| Company Promoters |
Brainbees Solutions Ltd IPO Lot Size
The Brainbees Solutions Ltd IPO lot size is 32 shares. A retail-individual investor can apply for up to 13 lots (416 shares or ₹1,93,440).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 32 | ₹14,880 |
| Maximum | 13 | 416 | ₹1,93,440 |
- Strengths
- Risks
- Opportunities
- The Company is India's largest multi-channel, multi-brand retailing platform for Mothers', Babies' and Kids' Products.
- Its platform has powerful network effects driven by content, brands and data.
- Brand affinity, loyalty and trust of customers in the FirstCry brand.
- Combination of curating growing home brands and relationships with prominent third-party brands.
- Its technology and data driven, personalized customer journey leads to higher customer engagement.
- Full-stack platform with control over manufacturing and supply chain.
- Proven and scalable business model.
Company Financials
Brainbees Solutions Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 5,147.91 | 2,266.46 | -62.19 |
| 03-2023 | 4,521.96 | 2,640.62 | -156.39 |
| 03-2022 | 4,325.61 | 1,842.28 | 18.78 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Setting up New Modern Stores
- Setting up a Warehouse
- Lease payment for its existing identified modern stores
- Investment in its Subsidiary Firstcry Trading for overseas expansion by Bellow:
- Setting up new modern stores in KSA
- Setting up warehouse(s) KSA
- Investment in its subsidiary globalbees brand towards acquisition of additional stake in its indirect subsidiaries
- Sales and marketing intiatives
- Technology and data science cost including cloud and server hosting related costs
- Funding inorganic growth through acquisition and other strategic intiatives and general corporate purposes
Brainbees Solutions Ltd IPO Promoter Holding
| Pre Issue Share Holding | - |
| Post Issue Share Holding | - |
Brainbees Solutions Ltd IPO Subscription Status (Bidding Detail)
The Brainbees Solutions Ltd IPO is subscribed 12.22 times on 8 August 2024 05:00:00 PM. The public issue subscribed 2.31 times in the retail category, 19.3 times in the QIB category, and 4.68 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 19.3 | 4.68 | 2.31 | 6.57 | 12.22 |
Brainbees Solutions Ltd IPO Prospectus
Brainbees Solutions Ltd IPO Listing Date
| Listing Date | 13 August 2024 |
| BSE Script | 544226 |
| NSE Symbol | FIRSTCRY |
| Listing In | BSE, NSE |
| ISIN | INE02RE01045 |
| IPO Price | ₹465 |
| Face Value | ₹2 |
Company Contact Information
Rajashree Business Park S.#338Next-Sohrabh Hall Tadiwala Rd,Pune-411001
Phone: +91 84829 89157
Email: companysecretary@firstcry.com
Website: www.firstcry.com
Brainbees Solutions Ltd IPO Registrar
Brainbees Solutions Ltd IPO Lead Manager(s)
- Kotak Mahindra Capital Company Ltd
- Morgan Stanley India Company Pvt Ltd
- Bofa Securities India Ltd
- JM Financial Ltd
- Avendus Capital Pvt Ltd
FAQ
What is the issue size of Brainbees Solutions Ltd IPO?
I have pre-applied for Brainbees Solutions Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.