Firstcry IPO GMP Today: The IPO of Brainbees Solutions, the parent company of Firstcry, a company selling products related to parenting needs, is opening next week on Tuesday, August 6. The last date to apply for this IPO is August 8, i.e. this IPO will close on August 8.
The company will give shares to the employees with a huge discount
The company has fixed a price band of Rs 440 to Rs 465 for each share under its IPO. The company will give shares to its employees at a huge discount. Brainbees Solutions has fixed a price band of Rs 396 to Rs 421 for each share for its employees.
The company wants to raise Rs 4193.73 crore from IPO
Under the Brainbees Solutions IPO, a minimum investment of Rs 14,880 has to be made, in this investment investors will be given 32 shares in one lot. Retail investors can invest a maximum of Rs 1,93,440 in this IPO, in which they will be given 416 shares in 13 lots. Let us tell you that the company wants to raise Rs 4193.73 crore from this IPO.
Listing may happen in the stock market on August 13
Allotment of shares can be done on August 9, the day after the IPO closes. Shares will be credited to the investors’ demat accounts on August 12. The company’s shares may be listed the next day, i.e. on August 13. Let us tell you that this will be a mainboard IPO, so its listing will be on NSE and BSE.
There is a strong craze in the gray market before the IPO opens
There are still 3 days left for the IPO to open but there is tremendous enthusiasm for the company’s shares in the grey market. According to the websites that track the grey market premium i.e. GMP of shares, the shares of Brainbees Solutions are trading at a premium of Rs 90 to Rs 95 today. That is, today the GMP of the company’s shares is running between Rs 90 and Rs 95.
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