FirstCry IPO opens today: 7 things to know before you bid for the issue

The public issue of FirstCry comprises a fresh issue of 35,827,957 shares, aggregating up to Rs 1,666 crore, and an offer for sale of 54,359,733 shares with a face value of Rs 2 per share, aggregating up to Rs 2,527.73 crore. For the IPO, FirstCry has reserved 75 per cent of the net offer for qualified institutional buyers, not more than 10 per cent for retail investors, and not more than 15 per cent for non-institutional investors.

FirstCry IPO is available at a price band of Rs 440-465 per share with a lot size of 32 shares of the company. Accordingly, investors can bid for a minimum of 32 shares of FirstCry and in multiples thereof. The minimum amount required by a retail investor to bid for the FirstCry IPO is Rs 14,880.

The company plans to use the public issue proceeds to expand its retail presence in India by setting up new stores and warehouses and investing in its subsidiaries for domestic and international growth. Additionally, the funds will be used for strategic acquisitions, investing in existing subsidiaries, and general corporate purposes, including acquiring a stake in Globalbees Brands.