Firstcry IPO GMP Today: Opens on 6th August!

FirstCry (Brainbees Solutions Limited), India's prominent e-commerce platform for baby and kids' products, has received the final approval from the Securities and Exchange Board of India (SEBI) to launch its Initial Public Offering (IPO). The company is all set for its IPO Launch on 6th August. The Firstcry IPO GMP has started surfacing as gray market trading has started after its share price (₹440-₹465 per equity share) revelation few hours back.

The Firstcry IPO will feature a fresh issue of equity shares worth ₹1,816 crore and an offer for sale (OFS) of up to 54,391,592 shares by existing shareholders. Major stakeholders participating in the OFS include SoftBank's SVF Frog (Cayman) and Mahindra & Mahindra, among others.

The proceeds from this IPO are earmarked for expanding the company's retail presence, building new warehouses, and supporting international expansion. The company also believes in giving back substantially to its shareholders which is why the Firstcry IPO GMP is expected to be promising.

FirstCry, known for its extensive range of products catering to mothers, babies, and children, has faced challenges, including incurring losses in previous periods. The company's revenue from operations stood at ₹4,814 crore, with net losses of ₹278 crore up to the third quarter of FY24.

The Firstcry IPO GMP Today is ₹80 i.e. 17.2% premium. It is expected to reach the ₹200 mark by its IPO opening date.

Investors considering Firstcry IPO should be aware of key risks, such as the company's reliance on continued growth in India's online commerce sector and its ability to maintain customer acquisition and retention. Additionally, the company's history of losses and its dependence on third-party suppliers and manufacturers pose potential challenges​.

Disclaimer: The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market, nor do we recommend trading in grey market.

Therefore, though Firstcry IPO GMP looks promising, it seems a risky investment. Better to consult a financial advisor before applying for this IPO.