FirstCry's parent company, Brainbees Solutions, made a strong debut on the stock exchanges, with shares listing at ₹651 on the NSE, a 40% premium over its IPO price of ₹549.
The IPO was highly subscribed, over 12 times, raising ₹1,886 crore from prominent investors like SBI and HDFC Mutual Funds. The company plans to use the funds for expanding its BabyHug stores, investing in its subsidiary Digital Age, and marketing efforts. FirstCry, a leading platform for mothers and kids, reported a 15% revenue growth in FY24.