Sachin Tendulkar & Ratan Tata’s FirstCry IPO Earnings: The Numbers Will Shock You!

Cricket icon Sachin Tendulkar, alongside Harsh Mariwala, Ranjan Pai, and Kanwaljit Singh, achieved profitability on their investments in FirstCry following the company's strong stock market debut on August 12, at ₹651 per share. These prominent investors initially experienced a 10% decline in the value of their FirstCry shares after the IPO price band was established between ₹440 and ₹465.

On its listing day, FirstCry's stock closed at ₹673.45, marking a 45% premium over its issue price, resulting in a 38% gain for Sachin Tendulkar and other investors, based on their buying price of ₹487.44. These investors have retained their shares in the company.

Sachin Tendulkar's stake in FirstCry has appreciated to ₹13.82 crore post-listing, a significant rise from his initial investment of ₹9.99 crore.

Ratan Tata, the former chairman of Tata Sons, owned 77,900 shares of FirstCry before the IPO, acquired at an average cost of ₹84.72 per share. Although he was listed as a selling shareholder, the extent of his share sale remains unclear.

At the top end of the IPO pricing, Ratan Tata realized a fivefold return on his investment, and if he has retained any shares, he would have seen a sevenfold return at the listing price.

Similarly, Mahindra & Mahindra (M&M), which held an 11% stake with shares purchased at ₹77.96 each, expects a near sevenfold increase in the value of its holdings. M&M sold 28.06 lakh shares in the offer for sale (OFS). After this sale, M&M's remaining 5.05 crore shares are valued at ₹3,403 crore, based on FirstCry's closing price today—a substantial increase from its original investment of ₹389 crore.

Last year, SoftBank and FirstCry's founder, Supam Maheshwari, divested part of their stakes. Maheshwari, who still owns a 5.95% stake in the company, sold shares worth ₹300 crore during the pre-IPO round in 2023.

During that time, Sachin Tendulkar and his wife, Anjali, acquired over 2 lakh shares in FirstCry, while Mariwala’s family office, Sharp Ventures, purchased 20.5 lakh shares. Ranjan Pai’s family office bought 51.3 lakh shares, Kanwaljit Singh acquired 307,730 shares, Infosys co-founder Kris Gopalakrishnan’s family office obtained 615,460 shares, and DSP founder Hemendra Kothari purchased 820,614 shares.

The IPO featured a fresh issue of ₹1,666 crore, alongside an offer for sale valued at ₹2,527.72 crore at the upper price band. This resulted in a total issue size of ₹4,187.72 crore and a market capitalization of ₹34,964 crore for the company.

FirstCry's parent company, BrainBees, initially submitted draft IPO documents to SEBI last December. However, FirstCry later withdrew the draft after SEBI requested additional clarity on key performance indicators (KPIs). SEBI had asked for 25 KPIs, but FirstCry initially provided only 5-6 in its first filing, according to sources cited by Moneycontrol.