Meet The Executives At The Helm Of IPO-Bound FirstCry
India, May 2 -- BrainBees Solutions Ltd, the parent of kids-focussed omnichannel retailer FirstCry, refiled its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) earlier this week.
As per the DRHP, the startup's initial public offering (IPO) will comprise a fresh issue of shares worth INR 1,816 Cr and an offer for sale (OFS) component of 5.4 Cr equity shares.
The startup refiled the DRHP after markets regulator SEBI raised questions over the key metrics disclosed by it in its earlier DRHP, filed in December last year.
Japanese tech investor SoftBank, US-based private equity firm TPG, NewQuest, Mahindra & Mahindra Ltd are among the investors who will offload the shares via the OFS, as per the lat...
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