Brainbees Solutions IPO opens today: Should you subscribe to Firstcry's issue
The Rs 4,193.73 crore-IPO of Brainbees Solutions, the parent company of Firstcry, opens on Tuesday, August 6 and the issue is sold in the range of Rs 440-465 apiece with a lot size of 32 equity shares.
- Aug 6, 2024,
- Updated Aug 6, 2024 10:01 AM IST
The initial public offering (IPO) of Brainbees Solutions, the parent company of Firstcry, opens for bidding today, that is on Tuesday, August 6. The company is selling its shares in the range of Rs 440-465 apiece, which can be subscribed till Thursday, August 08. Investors can apply for a minimum of 32 equity shares and its multiples thereafter. Brainbees Solutions expanded internationally in select markets, establishing a presence in the UAE and Saudi Arabia in 2019 and 2022, respectively. The growth in company’s revenues has been driven by both organic growth and inorganic growth. However, the company has undergone losses in the past.
"The revenue CAGR for the period FY 22-24 stood at 64 per cent, whereas the profit declined in the same period. It operated on an Ebitda margin of 1.09 per cent for year ended FY24. The company focusses on capital efficiency while scaling the business. Looking at all the factors, risks, opportunities and valuation, risk savvy investors may subscribe for the issue with a long-term view," it said.
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
The initial public offering (IPO) of Brainbees Solutions, the parent company of Firstcry, opens for bidding today, that is on Tuesday, August 6. The company is selling its shares in the range of Rs 440-465 apiece, which can be subscribed till Thursday, August 08. Investors can apply for a minimum of 32 equity shares and its multiples thereafter. Brainbees Solutions expanded internationally in select markets, establishing a presence in the UAE and Saudi Arabia in 2019 and 2022, respectively. The growth in company’s revenues has been driven by both organic growth and inorganic growth. However, the company has undergone losses in the past.
"The revenue CAGR for the period FY 22-24 stood at 64 per cent, whereas the profit declined in the same period. It operated on an Ebitda margin of 1.09 per cent for year ended FY24. The company focusses on capital efficiency while scaling the business. Looking at all the factors, risks, opportunities and valuation, risk savvy investors may subscribe for the issue with a long-term view," it said.
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.