Firstcry IPO: The bidding for the initial public offering (IPO) of ‘Firstcry’ brand parent company Brainbees Solutions Limited has concluded, and investors are eagerly awaiting the announcement of share allotment. According to the’ T+3′ listing rule, the Firstcry IPO listing date is likely to be August 13th, 2024.
The most likely Firstcry IPO allotment date was 9th August 2024. However, the finalisation of share allocation is still pending, and applicants eagerly anticipate the announcement of the Firstcry IPO allotment status. In case of further delay, the Firstcry IPO allotment status may become available on 12th August 2024. Once the Firstcry IPO allotment status becomes public, an applicant can check one’s application status online by logging in at the BSE website or the official registrar — Link Intime India Private Limited website.
Meanwhile, the grey market is signalling strong buzz regarding Firstcry IPO. According to stock market observers, Firstcry IPO GMP (grey market premium) today is ₹64, which is ₹6 higher than Friday’s GMP of ₹58 per share.
Strength and Weakness
| Strength | Weakness |
| India’s largest multi-channel retailing platform for kids’ products. | Geopolitical tensions disrupt the supply chain, causing inventory shortages. |
| Strong brand loyalty with 9.11 million unique transacting customers. | Intense competition from Flipkart and Amazon impacts market share. |
| 1,063 modern stores across India by March 31, 2024. | The unorganised sector comprises 84% childcare, and 32% preschool market. |
| Robust network with 900+ contract manufacturers globally. | Negative net cash flows from operating activities in FY2024. |
Firstcry IPO GMP today
According to stock market observers, the Firstcry IPO GMP today is ₹64, which is ₹6 higher than Friday’s GMP of ₹58. They noted that the grey market sentiment has improved after the recent trend reversal on Dalal Street. The Indian stock market finished higher on Friday, boosting the optimism in the grey market regarding Firstcry IPO.
Firstcry IPO listing date
Bidding for Firstcry IPO ended on 8th August 2024, i.e. on Thursday last week. In the wake of the “T+3′ listing rule applicable from 1st December 2023, the most likely Firstcry IPO listing date is 13th August 2024, i.e. on Tuesday next week.
