FIRSTCRY
Brainbees Solutions shares zoom nearly 8% as co narrows Q2 loss YoY, grows in revenue
FirstCry operator Brainbees Solutions saw its shares surge after reporting a narrowed consolidated net loss of Rs 50 crore in Q2FY25, down from Rs 101 crore the previous year. This improvement was driven by a 26% YoY increase in revenue, reaching Rs 1,905 crore, and a significant jump in adjusted EBITDA.
Boat sets sail for IPO; qcomm vs kiranas
Happy Friday! Boat has revived its IPO plan, once again. This and more in today’s ETtech Morning Dispatch.
FirstCry arm Globalbees logs 55% jump in Q2 revenue
According to Supam Maheshwari, cofounder and CEO, the growth is the result of an increase in demand for direct-to-consumer (D2C) products.
FirstCry parent Q2 net loss narrows to Rs 63 crore
This is the result of the company’s focus on improving profitability while boosting the topline, said cofounder and CEO Supam Maheshwari.
Earnings special: Delhivery, FirstCry, Mamaearth, Rapido, Noise
A slew of new-age firms reported their September quarter. This and more in today ETtech Top 5.
Brainbees Solutions Q2 Results: FirstCry operator narrows loss to Rs 50 crore YoY, revenue jumps 26%
The reduction in the company’s losses was driven by higher revenues on both a yearly and quarterly basis. Firstcry’s operator reported a topline of Rs 1,905 crore in Q2FY25, up from Rs 1,507 crore in the same quarter last year and Rs 1,652 crore in Q1FY25, reflecting a 26% YoY and 15% QoQ increase.
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Swiggy's market debut: how new-age companies fared on Day 1
This year has seen some of the biggest initial public offerings (IPOs) by technology companies such as Ola Electric, FirstCry and Awfis. Swiggy’s competitor Zomato hit the bourses in July 2021 at Rs 115 on the BSE. This was a premium of 51.3% over the IPO price of Rs 76, and the stock went as high as 81% over the issue price to log a day's high of Rs 138. It ended at Rs 125.85, up 65.6%.
Swiggy’s Rs 9,000-crore Esop windfall; SoftBank’s Rajeev Misra to exit
Swiggy's mega IPO is set to unlock Rs 9,000 crore in wealth for its employees. This and more in today’s ETtech Top 5.
Why India is seeing a big, fat IPO boom
India's stock market is experiencing a surge in IPOs, fueled by a post-pandemic recovery and government initiatives. This boom has attracted significant investor interest, making India a leading investable market globally. The trend spans diverse sectors, from tech and finance to healthcare and infrastructure, indicating robust economic growth and investor confidence in India's future.
FirstCry shares tumble over 4% after GST department initiates investigation
Shares of FirstCry fell 4.5% after the GST department initiated an investigation at its Mumbai head office and Pune warehouse. The company assured normal operations, with no details on alleged violations.
SoftBank executive Paul Davison leaves FirstCry board
SoftBank exits board positions in portfolio companies after they go public due to internal governance and compliance policies.
ETtech Exclusive | India most successful IPO market in the world for 2024: SoftBank’s Alex Clavel
Alex Clavel is marking a year as co-CEO of SoftBank Investment Advisers, wherein he navigated through not only the tech investing reset but also SoftBank’s shift towards greater financial prudence. Speaking to ET, Clavel termed India as one of SoftBank’s top-performing markets in 2024. He said that conversely, the US public markets have remained largely flat for the past three years.
Logistics firm Shadowfax eyes $50 million, doubling value to $700 million
Shadowfax is finalising a Rs 350-400 crore funding round, likely to value the company at Rs 5,500-6,000 crore, with this round being its last private funding before an initial public offering (IPO), according to sources. In February, Shadowfax secured $100 million in funding, comprising primary and secondary investments led by TPG NewQuest, valuing the company at $350 million.
Blockbuster IPO season breaks 11-year-old unhealthy OFS record
The IPO season in 2024 has broken an 11-year record with fresh issues surpassing offers for sale. This trend indicates companies are raising funds for growth and expansion rather than deleveraging. Major IPOs include Ola Electric Mobility, Bajaj Housing Finance, and Firstcry. The pipeline remains strong with upcoming IPOs from Hyundai Motor India and Swiggy.
FirstCry shares surge 7% after BofA, MS initiate coverage, see up to 27% upside scope
FirstCry Share Price: MS considers Brainbees a key player in India's growing childcare market, particularly through its connection with FirstCry. The firm sees multiple growth drivers & potential for further upside despite strong post-listing performance. It benchmarks Brainbees against Indian consumer discretionary stocks due to similar growth and stable EBITDA margins.
Hot stocks: Brokerages on Tata Motors, FirstCry and Exide
Brokerages have issued recommendations for several companies: Emkay upgraded Tata Motors to "buy," Morgan Stanley and BofA initiated coverage on Brainbees with positive ratings, and Citi maintained a "buy" on Exide, lowering its target price.
FirstCry shares fall 3% after Q1 results show wider sequential loss
Shares of Brainbees Solutions, parent company of FirstCry, fell nearly 3% to Rs 624 on the BSE following its June quarter results. The company reported a narrower consolidated net loss of Rs 57 crore for the quarter ended June 30, 2024, compared to Rs 90 crore in the same period last year. Revenue from operations increased by 17% to Rs 1,652 crore from Rs 1,407 crore YoY.
When Anand Mahindra decided to 'support' FirstCry than 'fight it'
FirstCry, an e-commerce giant in the baby care segment, made its D-Street debut on the National Stock Exchange (NSE) on Tuesday. Mahindra Partners, which owned Baby Oye and Mom & Me, were almost rivals at the time. However, in October 2016, Mahindra joined hands with FirstCry founder Supam Maheshwari, deciding to'support' him rather than fight him.
FirstCry shares jump over 13% post listing
The stock made its debut at Rs 625 on the BSE, showing a premium of Rs 160 or 34% above the IPO price of Rs 465. On the NSE, it was listed at Rs 651, representing a 40% premium. This listing exceeded expectations, as shares had been trading at a grey market premium (GMP) of 18% over the issue price.
FirstCry shares list at 40% premium over IPO price
FirstCry Share Price: Brainbees Solutions, the parent company of FirstCry, made a notable debut on the stock exchanges, with shares listing at Rs 651 on NSE, representing a 40% premium. The IPO saw a subscription of over 12 times. Proceeds will be used for expanding stores, investing in subsidiaries, and marketing initiatives.
FirstCry shares to debut on Tuesday. Here's what GMP indicates
At the upper price band of Rs 549, FirstCry's stock is expected to list at an 18% premium to the issue price. The IPO was oversubscribed by over 12 times on the final day. Before the issue opened, the company raised Rs 1,886 crore from 71 anchor investors, including SBI Mutual Fund, ICICI Prudential, HDFC Mutual Fund, Kotak Mahindra, Government of Singapore, ADIA, and Goldman Sachs.
FirstCry IPO share allotment likely soon: Check status, GMP, listing date and other details
FirstCry's IPO share allotment anticipated to be finalised soon. Investors can check their allotment status on the BSE or Link Intime India's site.
FirstCry IPO sails through on last day of bidding process. Check GMP, other details
The IPO consists of a fresh issue of shares worth Rs 1,666 crore and an offer for sale (OFS) of up to 2,528 crore shares. At the upper price band of Rs 465, the OFS would be worth about Rs 2,528 crore. Ahead of the issue opening, the company raised Rs 1,886 crore from anchor investors.
FirstCry IPO subscribed 11% on first day of bidding process. Check GMP
The issue attracted bids for 4,96,39,004 shares or 11% the issue size of 4,96,39,004 shares. The quota reserved for retail individual investors (RIIs) was subscribed 46%. The issue was subscribed 8% in the NII category. There were no bids from qualified institutional buyers.
FirstCry IPO opens on Tuesday: Price band, GMP among 10 things to know before subscribing
First cry IPO Latest News: Firstcry is expanding its presence in international markets. The company offers its products through a diverse range of channels, including its online platform, company-owned stores, franchises, and traditional retail distribution within India.
FirstCry IPO to open on August 6 to raise Rs 1,666 crore
The IPO of Brainbees Solution, known for its kidswear brand FirstCry, will open on August 6. It comprises a fresh issue of Rs 1,666 crore and an OFS of up to 5.4 crore shares. The anchor investor round will commence on August 5, a day before the IPO. The price band will be announced later in the week, as per the company's red herring prospectus RHP filed with Sebi.
Ratan Tata to make 450% profit from FirstCry IPO but loss for Sachin Tendulkar
Billionaire business tycoon Ratan Tata is all set to make multibagger returns of 448.9% or a handsome profit of Rs 2.96 crore in the initial public offering (IPO) of kidswear startup FirstCry.
FirstCry set to file final papers for $3-3.5 billion IPO
FirstCry, a baby and mother care product retailer, will list likely at a $3-3.5 billion valuation, sources in the know told ET. It will be the second major new-age company to debut on Dalal Street this year, after Ola Electric. The company's offer size remains the same as mentioned in its draft papers.
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