Brainbees Solutions, the operator of FirstCry.com, a multi-channel retail platform for mothers, babies, and kids’ products by GMV for the year ending December 2023, has received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO), according to media reports.
The IPO will include a fresh issue of equity shares totaling up to Rs 18,160.00 million and an offer for sale of up to 54,391,592 equity shares by existing shareholders.
Kotak Mahindra Capital Company, Morgan Stanley India Company, BofA Securities India, JM Financial and Avendus Capital are acting as the Book Running Lead Managers for the issue.
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