FirstCry IPO Subscription Opens: Should you bid? Check Anil Singhvi's view
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: The initial public offer of e-commerce platform FirstCry's parent Brainbees Solutions got subscribed 11 per cent on the first day of bidding on Tuesday. Earlier, the company said it had collected Rs 1,886 crore from anchor investors a day before the opening of its initial share sale.
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: The Government of Singapore, Nomura Funds, Abu Dhabi Investment Authority, Fidelity Funds, Goldman Sachs Funds, Citigroup Global Markets Mauritius, SBI Mutual Fund (MF), ICICI Prudential MF, HDFC MF, Kotak MF and SBI Life Insurance Company are among the anchor investors
Anil Singhvi's View on FirstCry IPO
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: Zee Business Managing Editor Anil Singhvi said that investors should subscribe to the IPO with a long-term view.
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: What Anil Singhvi said?
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: "One should apply with a long-term view and if everything goes well, one can also make some money in the short term," Singhvi added.
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: Positives
- Experienced management
- Market leader in multi-channel, Multi brand retailing for mother's, babies and kid's products
- Impressive revenue growth
- Good combination of own brands and third-party brand
- Control over contract manufacturing and retail distribution value chain
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: Negatives
- Negative cash flow in last 3 years
- Core business is operationally positive but the company is still in a net loss
- The company will need cash to invest in new segments
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: Subscription Dates
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: The IPO is now open for public subscription and will close on August 8.
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: Price Band
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: Brainbees Solutions Limited has fixed the FirstCry IPO price band at ₹440 to ₹465 per equity share.
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: Lot Size
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: Brainbees Solutions lot size is 32 equity shares and in multiples of 32 equity shares thereafter.
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: Registrar
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: Link Intime India Private Limited has been appointed the initial public offer's official registrar.
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: IPO Details
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: The public issue of Pune-based Brainbees Solutions consists of a fresh issue of equity shares valued at Rs 1,666 crore and an OFS (offer for sale) component of up to 5.44 crore shares worth Rs 2,528 crore by existing shareholders. This takes the total issue size to Rs 4,194 crore.
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: Softbank holds 25.55% stake
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: Currently, Softbank holds a 25.55 per cent stake in Brainbees Solutions, and M&M owns a 10.98 per cent stake in the multi-brand retailing platform. Apart from Softbank and M&M, other selling shares in the OFS are PI Opportunities Fund, TPG, NewQuest Asia Investments, Apricot Investments, and Schroders Capital. Further, individuals selling shareholders include veteran industrialist Ratan Tata.
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: Book-running lead managers
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: Kotak Mahindra Capital Company Ltd, Morgan Stanley India Company Private Ltd, BofA Securities India Ltd, JM Financial Ltd and Avendus Capital Private Ltd are the book-running lead managers to the issue.
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: Book-running lead managers
FirstCry IPO Subscription, FirstCry IPO Anil Singhvi View: Kotak Mahindra Capital Company Ltd, Morgan Stanley India Company Private Ltd, BofA Securities India Ltd, JM Financial Ltd and Avendus Capital Private Ltd are the book-running lead managers to the issue.