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Brainbees Solutions Shares Soar 40% Above IPO Price on NSE Debut 

Brainbees Solutions Ltd's shares, listed at Rs 651 on the NSE, debuted 40% above the IPO price of Rs 465. The IPO included fresh shares and an offer for sale.
Brainbees Solutions Shares Soar 40% Above IPO Price on NSE Debut 

Brainbees Solutions Ltd, which operates the FirstCry platform, saw its shares debut at a 40% premium on August 13, opening at Rs 651 on the NSE, compared to the IPO price of Rs 465. The Rs 4,193.7 crore IPO featured both a fresh issue and an offer for sale.

The IPO was available from August 6 to August 8 and was oversubscribed 12.2 times overall. Retail investors subscribed 2.3 times, Qualified Institutional Buyers (QIBs) 19.3 times, and Non-Institutional Investors (NIIs) 4.7 times.

Brainbees Solutions Ltd, known as FirstCry, is India’s top multi-channel retail platform for mothers, babies, and kids, leading in GMV. They operate online, through company-owned and franchise stores, and in general trade, with a presence in India, UAE, and KSA. FirstCry offers a comprehensive parenting platform with shopping, community, and educational resources, using data and technology for brand growth.

Brainbees Solutions Ltd aims to use its IPO funds for general corporate goals, working capital, office expansion, loan repayment, and meeting corporate exigencies. The funds were raised through a combination of a fresh issue of shares and an offer for sale. 

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