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Brainbees Solutions Ltd. IPO
Brainbees Solutions Ltd., established in 2010, operates in the E-Commerce/E-Retail sector. The company's IPO opened on August 6, 2024 and closed on August 8, 2024, with an issue price of ₹465. The ... Read more
IPO Timeline
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6 Aug 2024Bidding Starts
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8 Aug 2024Bidding Ends
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9 Aug 2024Allotment Finalization
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13 Aug 2024Listing
About Brainbees Solutions Ltd.
We launched the FirstCry platform in India in 2010 and expanded internationally in select markets, establishing a presence in the United Arab Emirates (“UAE”) and Kingdom of Saudi Arabia (“KSA”) in 2019 and 2022, respectively. We offer products from third-party Indian ... Read more
Brainbees Solutions Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 4,05,55,428 (44.97%) |
| Employee Reserved | 64,516 (0.07%) |
| Non Institutional Investors | 1,35,18,476 (14.99%) |
| Qualified Institutional Buyers (QIBs) | 2,70,36,952 (29.98%) |
| Retail Individual Investors (RIIs) | 90,12,317 (9.99%) |
Brainbees Solutions Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2024 | 2,266.46 Cr | -62.19 Cr | 4,118.07 Cr |
| 31 Mar 2023 | 2,640.62 Cr | -156.39 Cr | 3,650.95 Cr |
| 31 Mar 2022 | 1,842.28 Cr | 18.78 Cr | 3,463.82 Cr |
Brainbees Solutions Ltd. Background
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2010Incorporation of our Company
Delivered the first shipment of an online order
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2011Opened our first Firstcry.com franchisee physical store at Bharuch, Gujarat
Launched our home brands “BabyHug” and “Cutewalk”
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2013Launched Firstcry hospital gift hamper program
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2014Launched same day and next day delivering options
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2016Ratan Tata became an investor in our Company
Acquired the “Babyoye” business from erstwhile MRL
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2017Launched Firstcry parenting platform
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2018Signed an international license agreement with The William Carter Company for obtaining rights and licenses from The William Carter Company in order to carry out sale of purchased products by our Company
Launched “Intellikit”, a kids’ education subscription program
Launched premium fashion brand for babywear “Babyoye”
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2019Opened our 500th franchisee physical store in India
Launched Firstcry.ae in UAE
Acquired a school business and entered into the preschool education business
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2020Opened our first BabyHug company owned physical store in Dhanori, Pune, Maharastra, India
Acquired majority stake in Swara Baby Products Private Limited (“Swara Baby”), a diaper manufacturer company. For details see, “– Details regarding material acquisitions or divestments of business/undertakings, mergers, amalgamation, any revaluation of assets, etc. in the last 10 years –
Acquisition of Swara Baby” below
Launched PineKids for 4-12 age group
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2021Acquired majority stake in Globalbees Brands
Firstcry Club Membership was launched on both online and offline platforms
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2022Acquired Digital Age. For details see, “– Details regarding material acquisitions or divestments of business/undertakings, mergers, amalgamation, any revaluation of assets, etc. in the last 10 years –
Acquisition of Digital Age” below
Commenced operations in KSA
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2023Increased our shareholding in our Subsidiary, Swara Baby. For details see, “– Details regarding material acquisitions or divestments of business/undertakings, mergers, amalgamation, any revaluation of assets, etc. in the last 10 years – Acquisition of Swara Baby” below
I. Expenditure by our Company for: (i) setting up new modern stores under the ‘BabyHug’ brand; and (ii) setting up a warehouse, in India
Of which:
a) Setting up new modern stores under the ‘BabyHug’ brand
b) Setting up a warehouse
II. Expenditure for lease payments for our existing identified modern stores owned and operated by our Company, in India
III. Investment in our Subsidiary, Digital Age for
(i) setting up new modern stores under the FirstCry brand and other home brands of our Company; and
(ii) lease payments for our existing identified modern stores owned and controlled by Digital Age, in India
Of which:
a) Setting up new modern stores under the FirstCry brand and other home brands of our Company
b) Lease payments for our existing identified modern stores owned and controlled by Digital Age in India
IV. Investment in our Subsidiary, FirstCry Trading for overseas expansion by: (i) setting up new modern stores; and (ii) setting up warehouse(s), in KSA
Of which:
a) Setting up new modern stores
b) Setting up warehouse(s)
V. Investment in our Subsidiary, Globalbees Brands towards acquisition of additional stake in our step-down Subsidiaries
VI. Sales and marketing initiatives
VII. Technology and data science cost including cloud and server hosting related costs
VIII. Funding inorganic growth through acquisition and other strategic initiatives and general corporate purposes
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | ₹ 465.00 | ₹ 465.00 |
| Open | ₹ 625.00 | ₹ 651.00 |
| Low | ₹ 625.00 | ₹ 640.00 |
| High | ₹ 707.05 | ₹ 707.70 |
| Last Trade | ₹ 678.25 | ₹ 679.10 |
Company does not have an identifiable promoter
Childcare products spending in India is currently nascent and rapidly growing. The market comprises both horizontal and vertical players. The vertical players have single childcare product category focused value propositions, while the horizontal players operate across childcare products’ ... Read more
FAQs
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What is the objective of Brainbees Solutions Ltd. IPO?
Of which:
a) Setting up new modern stores under the ‘BabyHug’ brand
b) Setting up a warehouse II. Expenditure for lease payments for our existing identified modern stores owned and operated by our Company, in India III. Investment in our Subsidiary, Digital Age for
(i) setting up new modern stores under the FirstCry brand and other home brands of our Company; and
(ii) lease payments for our existing identified modern stores owned and controlled by Digital Age, in India
Of which:
a) Setting up new modern stores under the FirstCry brand and other home brands of our Company
b) Lease payments for our existing identified modern stores owned and controlled by Digital Age in India IV. Investment in our Subsidiary, FirstCry Trading for overseas expansion by: (i) setting up new modern stores; and (ii) setting up warehouse(s), in KSA
Of which:
a) Setting up new modern stores
b) Setting up warehouse(s) V. Investment in our Subsidiary, Globalbees Brands towards acquisition of additional stake in our step-down Subsidiaries VI. Sales and marketing initiatives VII. Technology and data science cost including cloud and server hosting related costs VIII. Funding inorganic growth through acquisition and other strategic initiatives and general corporate purposes
Latest Updates
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