Brainbees Solutions, the company behind FirstCry, is inching closer to its highly anticipated IPO. On Day 1, several key takeaways emerged for potential investors.
The FirstCry IPO has garnered significant attention since its opening day. In positive news for FirstCry, the Grey Market Premium (GMP) of its shares is strong. Despite the angel tax causing panic among startups, leading some to return funds due to high valuations, FirstCry’s shares are trading at a premium in the grey market. The IPO is priced between ₹1,000 and ₹1,050 per share, and the GMP suggests a promising future for this offering.
The FirstCry IPO saw a successful performance on its first day of subscription. According to The Economic Times, the IPO received five times the subscriptions on its opening day. The substantial demand reflects widespread institutional and retail investor confidence in the company’s growth prospects.
Investors are keenly analyzing the potential of FirstCry’s IPO. LiveMint reports that Brainbees Solutions has established significant brand value in e-commerce, capturing about one-third of the retail market segment for children’s products. This strong market presence and growth potential make the FirstCry IPO an attractive opportunity for investors.
Given the high subscription rate and positive GMP, the FirstCry IPO appears to be a promising option. However, it is crucial to conduct thorough research or consult with a financial advisor before making investment decisions. While the strong initial listing indicates confidence, investors should stay informed about new developments and assess whether this IPO aligns with their investment goals, as such offers carry inherent risks.
