The multi-channel retail platform Brainbees Solutions Ltd., which operates the “FirstCry” brand, made a debut on the stock market on Tuesday. The NSE listed FirstCry shares at ₹651, which is 40% more than the share issue price of ₹465.00.
On the BSE, FirstCry shares were listed with a 34.41% premium at ₹625.
Today’s FirstCry IPO listing was expected by the market. The gray market predicted a successful launch for Brainbees Solutions shares prior to the listing. Today’s FirstCry IPO GMP, or grey market premium, was ₹80, or 17% higher than the IPO’s top price band, according to market experts.
Brainbees Solutions’ initial public offering (IPO) was available for public subscription on August 6 and ended on August 8. The Firstcry IPO listing date was today, August 13 and the IPO allotment was set on August 9.
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