Firstcry IPO GMP Today: The IPO of Brainbees Solutions, the parent company of Firstcry, a company selling goods related to parenting needs, is opening next week on Tuesday, August 6. The last date to apply for this IPO is August 8, that is, this IPO will close on August 8.
The company will give shares to the employees with a big discount
The company has fixed a price band of Rs 440 to Rs 465 for each share under its IPO. The company will give shares to its employees with a big discount. Brainbees Solutions has fixed a price band of Rs 396 to Rs 421 for each share for its employees.
The company wants to raise Rs 4193.73 crore from the IPO
Under the Brainbees Solutions IPO, a minimum investment of Rs 14,880 will have to be made, in this investment investors will be given 32 shares in one lot. Retail investors can invest a maximum of Rs 1,93,440 in this IPO, in which they will be given 416 shares in 13 lots. Let us tell you that the company wants to raise Rs 4193.73 crore from this IPO.
Listing can be done on August 13 in the stock market
Allotment of shares can be done on August 9, the day after the IPO closes. Shares will be credited to the demat account of investors on August 12. The next day i.e. on August 13, the company’s shares can be listed. Let us tell you that this will be a mainboard IPO, so its listing will be on NSE and BSE.
There is a huge craze in the grey market before the IPO opens. There are still 3 days left for the IPO to open but there is tremendous enthusiasm for the company’s shares in the grey market. According to the websites that track the grey market premium i.e. GMP of shares, the shares of Brainbees Solutions are trading at a premium of Rs 90 to Rs 95 today. That is, today the GMP of the company’s shares is running between Rs 90 and Rs 95.
