Brainbees Solutions (FirstCry) IPO Subscription Status

Brainbees Solutions (FirstCry) IPO Subscribed 12.22 Times on Day 3: Did You Subscribe or Not?

Brainbees Solutions( Firstcry ) IPO closed on 8th Aug. Shares of Brainbees Solutions will likely be listed on 13 August on BSE, NSE platform. As of 8th August 2024, Brainbees Solutions ( FirstCry ) IPO received bids for 60,64,27,424 shares much more than the 4,96,39,004 shares offered. It means Brainbees Solutions's IPO was subscribed 12.22 times by the end of day 3.

Here are the subscription details for Brainbees Solutions (FirstCry) IPO as of Day 3 (8th August 2024 at 5.27 pm): 

Brainbees Solutions (FirstCry) IPO subscription was mainly driven by QIBs and Employees on day 3 followed by HNI / NII investors and retail investors, QIBs did not show much interest on day 2 also. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Subscription Status of Brainbees Solutions (FirstCry) IPO for Days 1, 2, and 3

On day 1, Brainbees Solutions IPO was subscribed 0.11 times. By day 2, the subscription status had risen to 0.30 times and on day 3, it reached 12.22 times.

Here are the subscription details for Brainbees Solutions (FirstCry) IPO by category as of Day 3:

Data Source: NSE

Firstcry IPO received a varied response from different investor categories. Anchor Investors portion subscribed at 1 time. Qualified Institutional Buyers (QIBs) showed interest on day 3 and subscribed 19.30 times. HNIs / NIIs portion subscribed 4.68 times, while Retail Investors subscribed 2.31 times. Overall, Brainbees Solutions IPO was subscribed 12.22 times on Day 3.

Brainbees Solutions (FirstCry) IPO Subscribed 0.30 Times on Day 2: Should You Subscribe or Not?

Brainbees Solutions (FirstCry) IPO will close on 8th Aug. Shares of Brainbees Solutions will likely be listed on 13 August on BSE, NSE platform. As of 7th August 2024, Brainbees Solutions (FirstCry) IPO received bids for 1,48,29,376 shares less than the 4,96,39,004 shares offered. It means Brainbees Solutions's IPO was subscribed 0.30 times by the end of day 2.

Here are the subscription details for Brainbees Solutions (FirstCry) IPO as of Day 2 (7th August 2024 at 5.27 pm):  

Brainbees Solutions IPO subscription was mainly driven by Employees and retail investors on day 2, followed by HNI / NII investors, QIBs did not show much interest on day 2 also. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Brainbees Solutions IPO by category as of Day 2:

Data Source: NSE

On day 1, Brainbees Solutions (FirstCry) IPO was subscribed 0.11 times. By day 2, the subscription status had risen to 0.30 times. Qualified Institutional Buyers (QIBs) did not show much interest on day 2 also. HNIs / NIIs portion subscribed 0.30 times, while Retail Investors subscribed 1.07 times. Overall, Brainbees Solutions IPO was subscribed 0.30 times on Day 2.

Brainbees Solutions (FirstCry) IPO - Day-1 Subscription at 0.11 times

Brainbees Solutions (FirstCry) IPO will close on 8th Aug. Shares of Brainbees Solutions will likely be listed on 13 August on BSE, NSE platform. As of 6th August 2024, Brainbees Solutions (FirstCry) IPO received bids for 54,38,272 shares less than the 4,96,39,004 shares offered. It means Brainbees Solutions's IPO was subscribed 0.11 times by the end of day 1.

Here are the subscription details for Brainbees Solutions (FirstCry) IPO as of Day 1 (6th August 2024 at 5.41 pm): 

Brainbees Solutions IPO subscription was mainly driven by Retail investors on day 1, followed by HNI / NII investors, QIBs did not show interest on day 1. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Brainbees Solutions (FirstCry) IPO by category as of Day 1

Data Source: NSE

On day 1, Brainbees Solutions (FirstCry) IPO was subscribed 0.11 times. Qualified Institutional Buyers (QIBs) did not show much interest on day 1. HNIs / NIIs portion subscribed 0.08 times, while Retail Investors subscribed 0.47 times. Overall, Brainbees Solutions IPO was subscribed 0.11 times on Day 1

About Brainbees Solutions (FirstCry)

Established in 2010, Brainbees Solutions Limited operates the online platform FirstCry, offering a diverse selection of products for mothers, babies and children. Their mission is to be a one stop shop for all parenting needs, offering over 1.5 million items from more than 7,500 brands including apparel, toys, baby gear and personal care products.

FirstCry features several house brands including BabyHug, which, according to RedSeer, is the largest multi category brand for these products in India as of December 2023. Other notable house brands include Pine Kids and Cute Walk by BabyHug.

In the UAE, FirstCry is recognized as the largest online retailer for maternal, baby, and kid’s products. As of December 31, 2023, the company works with over 900 contract manufacturers worldwide for its house brands.

Read about FirstCry IPO and Price Band ₹440 to ₹465 Per Share

Highlights of Brainbees Solutions (FirstCry) IPO

IPO dates:  6 Aug - 8 Aug
IPO price band: ₹440 - ₹465 per share
Minimum lot size for retail investors: 1 lot (32 shares)
Minimum investment for retail investors: ₹14,880
Minimum investment for High Net-worth Investors (HNI): 14 lots (448 shares), ₹208,320
Registrar: Link Intime India Private Ltd
Brainbees Solutions will use the net proceeds for company expenses, investments in its subsidiary, and technology and data science costs.