IPO Details
Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
To be announced
Investor category and sub category
Retail Individual Investors | Qualified Institutional Bidders | Non-Institutional Bidders |About Brainbees Solutions Limited
Incorporated in 2010, Brainbees Solutions Limited operates its business under the brand name “FirstCry”. For the year ended December 2022, the company became one of India’s largest multi-channel retailing platforms for Mothers’, Babies’, and Kids’ products in terms of GMV.
The company has expanded internationally in selected markets, establishing a presence in UAE and KSA in 2019 and 2022, respectively. As of June 30, 2023, the company recorded a network of 936 FirstCry and BabyHug modern stores in 465 cities in 27 states and 4 union territories across India with over 1.76 million square feet of retail space as of June 30, 2023.
Between CY2016 and CY2019, the e-commerce market in India has grown at a CAGR of ~27%. It is expected to grow at a CAGR of ~25% to reach ~₹13,500 billion by CY 2027, with e-commerce penetration at ~12% in CY 2027. Rising internet penetration, higher disposable income, and rising urbanisation are likely to aid the growth of the e-commerce market.
Brainbees Solutions Limited IPO Details
Brainbees Solutions Limited IPO Dates
Brainbees Solutions Limited IPO is a combination of fresh issue and offers for sale. Brainbees Solutions Limited’s IPO will be listed on the BSE and NSE. It is a book-built issue IPO.
Brainbees Solutions Limited IPO Price Band
The price range of the IPO has not been fixed yet.
Brainbees Solutions Limited IPO Lot Size
The lot size of the IPO has not been fixed yet.
Brainbees Solutions Limited IPO Objectives
The objectives of Brainbees Solutions Limited IPO are listed below:
- Funding inorganic growth through acquisition and other strategic initiatives.
- General corporate purposes.
Peer Details
As per DRHP, the company has no listed peers, which have similar business.
How To Check the Allotment Status of the Brainbees Solutions Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Brainbees Solutions Limited
Registered office: Rajashree Business Park, Survey No. 338, Next to Sohrabh Hall, Tadiwala Road, Pune 411 001, Maharashtra, India
Phone: (+91) 84829 89157
E-mail: companysecretary@firstcry.com
IPO Financials
| Particulars | Period Ended on June 30, 2023 | Year Ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|---|
| Total Income | 14,268.27 | 57,312.76 | 25,169.16 | 17,400.59 |
| Profit After Tax (PAT) | (1,104.26) | (4,860.56) | (786.85) | 2,159.44 |
| Assets | 69,858.63 | 71,198.27 | 61,971.63 | 40,781.71 |
| Net Worth | 32,263.47 | 34,562.57 | 35,279.37 | 34,370.57 |
| Total Borrowings | 2,105.77 | 1,764.74 | 901.62 | 169.43 |
Know before investing
Strengths
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The company operates a full-stack platform with control over manufacturing and supply chain. As of June 30, 2023, it leveraged a network of over 800 contract manufacturers across India and overseas for its home brands, excluding contract manufacturers engaged by Globalbees Brands and its subsidiaries.
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Looking forward, the company is focused on growing its customer base by continuing to invest in brand, technology, products and its membership program.
Risks
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The company has incurred losses in past periods and may continue to do so in the future, which may adversely impact its business and the value of the equity shares.
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Any failure to acquire new customers or fail to do so in a cost-effective manner could impact its revenue growth and may act as a barrier to achieving profitability.
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Brainbees Solutions Limited IPO FAQs
Brainbees Solutions Limited IPO is a mix of fresh issue and offer for sale.
The Basis of Allotment date has not been announced yet.
The IPO subscription window has not been decided yet.
The lot size of the IPO has not been announced yet.
Brainbees Solutions Limited IPO will be listed on BSE and NSE.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before listing the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
