FirstCry IPO: Brainbees Solutions, the parent company of FirstCry, a company that sells products for parenting needs, got listed on the stock exchange on Tuesday. The company’s IPO, which opened on August 6, closed on August 8. This IPO of Rs 4193.73 crore received nearly 11 times subscription. Investors who applied for the IPO were given 32 shares in one lot.
Allotment of shares was done at the price of Rs 465
BrainBees Solutions had allotted shares to investors at a price of Rs 465 under its IPO. Whereas on Tuesday, the company’s shares were listed in the stock market at a price of Rs 651 with a premium of 40 percent. That is, as soon as the listing took place, the investors made a profit of Rs 186 on each share. The profit did not stop here. On the day of listing, the company’s shares reached a price of Rs 707.05. But at the end of trading on Tuesday, the company’s shares closed at a price of Rs 678.25.
Ratan Tata has 77,900 shares of the company
India’s leading industrialist and former chairman of Tata Sons, Ratan Tata, holds 77,900 shares of the company, which were bought at an average price of Rs 84.72. On Tuesday, FirstCry shares reached a price of Rs 707.05 on the BSE, increasing Tata’s stake from Rs 65.9 lakh to Rs 5.5 crore. In this sense, Ratan Tata earned a profit of about Rs 4.8 crore in a single day.
Sachin Tendulkar has 2,05,153 shares of the company
On the other hand, Team India’s legendary batsman Sachin Tendulkar along with his wife Anjali had bought 2,05,153 shares of the company for Rs 9.9 crore at the price of Rs 487.44 in October last year. As per the highest level of Rs 707.05 on Tuesday, the couple’s investment increased from Rs 9.9 crore to Rs 14.5 crore. That is, the couple made a profit of Rs 4.6 crore on the day of listing.
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