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Brainbees Solutions Ltd
Brainbees Solutions Ltd
Registered Office : Rajashree Business Park S.#338,Next-Sohrabh Hall Tadiwala Rd,Pune Maharashtra 411001 Phone : +91 84829 89157
Fax :
Email : companysecretary@firstcry.com
Website : www.firstcry.com
Initial public offering of 90,194,432^ equity shares of face value of Rs. 2 each (the "Equity Shares") of Brainbees Solutions Limited ("Company" or "Issuer") for cash at a price of Rs. 465.00 per equity share (the "Offer Price") aggregating to Rs. 4193.73 crores^ (the "Offer") comprising a fresh issue of 35,834,699^ equity shares of face value Rs. 2 each aggregating to Rs. 1666.00 crores^ (the "Fresh Issue") and an offer for sale of 54,359,733 equity shares of face value Rs. 2 each aggregating to Rs. 2527.73 crores (the "Offer for Sale"), comprising an offer for sale of 46,814,458 equity shares of face value Rs. 2 each aggregating to Rs. 2176.87 crores by corporate selling shareholders (as defined hereinafter) and 7,545,275 equity shares of face value Rs. 2 each aggregating to Rs. 350.86 crores by individual selling shareholders (as defined hereinafter) (together, the "Selling Shareholders", and such equity shares, the "Offered Shares"). The offer includes a reservation of 71,258 equity shares of face value of Rs. 2 each, aggregating to Rs. 3.00 crores^ (constituting 0.01 % of the post-offer paid-up equity share capital, for subscription by eligible employees ("Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 17.37 % and 17.36 % of the post-offer paid-up equity share capital of the company. ^A discount of Rs. 44 per equity share was offered to eligible employees bidding in the employee reservation portion.
Opens On
Closes On
06-Aug-2024
08-Aug-2024
Application
Allotment
465.00
0.00
Minimum Application for shares in Nos : 32.0 Further Multiples of : 32.0
₹Cr
Lead Managers to the Issue
Project Cost (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
1,601.74
4,193.73
103.84
465.00
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- Setting up New Modern Stores
- Setting up a Warehouse
- Lease payment for its existing identified modern stores
- Investment in its Subsidiary Firstcry Trading for overseas expansion by Bellow:
- Setting up new modern stores in KSA
- Setting up warehouse(s) KSA
- Investment in its subsidiary globalbees brand towards acquisition of additional stake in its indirect subsidiaries
- Sales and marketing intiatives
- Technology and data science cost including cloud and server hosting related costs
- Funding inorganic growth through acquisition and other strategic intiatives and general corporate purposes
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