How to Check FirstCry IPO Allotment Status Online; Know Here
Brainbees Solutions company which runs the online platform FirstCry, was set to finalize allotment of its IPO shares by August 9. Many investors were eagerly waiting to know if they had received shares. This anticipation comes especially since the IPO received a good response.
IPO worth Rs.4,194 crore was subscribed 12.22 times during August 6-8. Investors bought 60.6 crore shares. Only 4.96 crore shares were on offer. The bulk of demand came from qualified institutional buyers. They bought 19.3 times their allotted shares. High net-worth individuals and regular retail investors also showed interest. They purchased 4.68 times and 2.31 times their allocated shares, respectively.
IPO included a fresh issue of shares worth Rs.1666 crore and an offer-for-sale of 5.4 crore shares worth Rs.2,528 crore at the highest price band.
How to Check Allotment Status
Investors can easily check the status of their IPO shares through the BSE/NSE website or the IPO registrar’s portal. They can do this by following these simple steps:
On the BSE website:
1. Select ‘Equity’ as the issue type and pick ‘Brainbees Solutions Limited’ for the issue name.
2. Type in your ‘Application number’ or ‘PAN number’.
3. Tick the box that reads “I am not a robot” and hit the ‘Search’ button.
On the NSE site:
1. After you log in, your PAN number will show up.
2. Enter ‘FIRSTCRY’ as the symbol.
3. Enter your Application number and click on Get Data.
On the IPO registrar’s portal:
1. Select ‘Brainbees Solutions Limited – IPO’ from the dropdown menu
2. Enter your ‘PAN number’ ‘Application number’ ‘DP/Client ID’ or ‘Account Number/IFSC’ depending on what you choose
3. Click on the ‘Submit’ button.
Investors who got in on FirstCry’s IPO will see shares show up in their demat accounts by August 12. You can start buying and selling FirstCry stock on exchanges from August 13.
In the grey market, FirstCry shares were going for about 8% above their offer price. This market lets people trade IPO shares before they hit exchanges.
Brainbees Solutions started FirstCry in Pune back in 2010. They want to give parents everything they need in one place. This covers product info and ways to connect with other parents. As of 2024, FirstCry stands as India’s biggest retail platform for moms, babies and kids based on the total value of goods sold.
For the year 2024 company reported a net loss of Rs.321.5 crore. While still in the red, this marks an improvement from the Rs.486 crore loss in the previous year. On the bright side, revenue from operations grew by 15% compared to last year. It hit Rs.6481 crore for the year ending March 2024.
