FirstCry IPO is on the edge and going to raise funds through this Initial Public Offer. The company may file its DRHP papers in December 2023. As per the info, the issue size will be ₹500 Crores. This company offers a variety of products, especially for kids and newborn babies. It is one of the biggest brands in this industry with a valuation of over $3 billion. Currently, FirstCry has over 380 stores across India. In this IPO the offer for sale will be around $300 million. Let’s discuss everything about this IPO below and explore the FirstCry IPO review.
Discussing FirstCry’s financials we want to tell you that Income from the sale of products accounted for 96.8% of the total operating revenue. This collection surged 49% to Rs 2,323 crore in FY22. The annual result for fy23 will be available shortly here and you will get the summarised information in this article.
FirstCry IPO is going to open in 2024. Currently, the company has filed its Draft Red Herring Papers (DRHP). It is expected that the IPO may be released soon in February or March. This Initial Public Offer will be the biggest in this Industry. Also, because of company growth, we can expect good listing gains on the share price. However, there will be many more things we have to see like its price band and min lot size.
FirstCry IPO price band is a major thing we need to see before investing. If the company announces a higher price band than its already listed competitors in the share market, it may be challenging for FirstCry to get higher subscriptions. According to our expectation, FirstCry’s IPO price band will be between ₹400 to ₹500, then it will attract retail investors in the market. The grey market premium of FirstCry is yet to be available among all of us. It will be updated here shortly.