Shares of kidsfocused omnichannel retailer FirstCry made a strong debut on the exchanges today, opening higher than the issue price.  On the NSE, shares of FirstCry’s parent Brainbees Solutions ope...

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- Shares of kids-focused omnichannel retailer FirstCry made a strong debut on the exchanges today, opening higher than the issue price.
- On the NSE, shares of FirstCry’s parent Brainbees Solutions opened at INR 651, at a premium of 40% over its issue price of INR 549. On the BSE, it listed at INR 625, reflecting a 34.4% premium.
- FirstCry has set a price range of INR 440 to INR 465 per equity share for the IPO. At the upper end of the band, Brainbees Solutions intends to raise INR 4,193 Cr.
- The omnichannel baby and kids marketplace raised INR 1,885.82 Cr from anchor investors at INR 465 per equity share, with participation from major investors like the Government of Singapore and Abu Dhabi Investment Authority.
- FirstCry’s market capitalization stands at INR 6,934.74 Cr as of today. 

 Source: [Inc42](https://inc42.com/buzz/firstcry-shares-list-at-40-premium-over-ipo-price-on-debut/)

FirstCry Shares List At 40% Premium Over IPO Price On Debut

Journalist

FirstCry Shares List At 40% Premium Over IPO Price On Debut- Grapevine

- FirstCry, the mother and baby care retailer, is set to list on stock exchanges on August 13, according to sources. The company will launch the anchor book for its IPO on August 5, with public subscription open from August 6 to August 8.
- The IPO is expected to value FirstCry at just under Rs 25,000 crore ($3 billion), making it the second new-age company from SoftBank’s portfolio to go public in August, following Ola Electric.
- FirstCry's valuation has slightly decreased from its previous secondaries round, where it was valued at Rs 23,000 crore ($2.8 billion). Initially, the company aimed for a valuation of $3.5-3.75 billion.
- The company had to withdraw its initial IPO papers after SEBI sought more clarity on key performance indicators. Upon refiling, FirstCry provided detailed financials, showing a revenue of Rs 4,814 crore and a loss of Rs 278 crore for the nine months leading up to December 31, 2023.
- A significant portion of FirstCry's sales, over 75%, comes from online channels. The company aims to raise $215 million via fresh shares and an additional $300 million through the sale of existing shares. 

 Source: Moneycontrol

FirstCry Likely to List on Stock Exchanges on August 13

- Emcure Pharmaceuticals shares listed at Rs 1,325.05 on NSE, a 31.45% premium over the issue price of Rs 1,008.
- The stock also listed at the same price and premium on BSE, aligning with investor expectations.
- Ahead of the listing, shares had a grey market premium of Rs 300, indicating a 30% listing pop.
- The IPO, open from July 03 to July 05, raised Rs 1,952.03 crore, including a fresh share sale of Rs 800 crore.
- The issue was subscribed 67.87 times overall, with QIBs booking 195.83 times, non-institutional investors 48.32 times, retail investors 7.21 times, and employees 8.81 times. 

 Source: Business Today

Emcure Pharma Shares Make Strong Debut with 31% Premium

Welcome to Indian Startups's Private Community

Might be a good bet to filter out the ones with good culture, and apply there if you want a somewhat safe but growing career.
Does anybody know startups here with good culture?

The list that truly matters. India's unicorns sorted by profit in FY22.

Product Manager

Seems like they didn't share all the relevant metrics in their papers. Now they'll file a new IPO paper later.

FirstCry withdraws IPO papers after regulatory scrutiny

Operations Manager

Few months ago, mama earth CEO compared it's losses with Amazon saying, "Amazon too made losses". Now Firstcry is IPO bound with their losses being 6x in 2023 and also justifoed it. 

Amazon made a loss Because they  invested all their profits into R&D

Most startups are making a loss because they are selling products at a discount to show high GMV

Both are not same... 

I am yet to see a single big success story in India startup ecosystem which justifies 'India has arrived' and so much VC's exuberance .

Many IPO bound founders justify their loss by comparing with Amazon. Amazon made a loss Because they  invested all their profits into R&D

Most startups are making a loss because they are selling products at a discount to show high GMV

Software Engineer

Did any employees make serious money ( >50Cr) in the IPO?

Mamaearth IPO

mamaearth trading at 40% above IPO price! this is insane!

Analyst

Wondering who is going to put money in the IPO bid, and what will happen to the share price post the listing?🤔

Mamaearth IPO, Yay or nay???

- IndiQube is in advanced talks to finalize merchant bankers and aims to file its DRHP within three months.
- The startup plans to raise INR 1,000 Cr – INR 1,500 Cr from its IPO, mainly through fresh share issuance.
- IndiQube posted a profit of INR 60 Cr in FY24 on an operating revenue of around INR 850 Cr.
- Founded in 2015, IndiQube offers managed office spaces and counts WestBridge Capital and Helion Ventures among its backers.
- The company competes with Awfis and Smartworks, with the latter also filing its DRHP recently. 

 Source: [Inc42](https://inc42.com/buzz/exclusive-coworking-space-provider-indiqube-in-talks-with-bankers-for-inr-1500-cr-ipo/)

IndiQube Eyes INR 1,500 Cr IPO Amidst Indian Bourse Boom

I will go first: 
Supam Maheswari, 3 unicorns, 2 of them are profitable (FirstCry, Xpressbees) (Globalbees)

Kishore Biyani, founder BigBazaar

Who are the people in Indian Startup space you greatly regard to?

Software Developer

Welcome to Personal Finance's Private Community

"I wonder how Jefferies has given a target price of Rs. 520/share on Mamaearh - on the listing day, it was already at 93.5 times EBITDA" -> Need more people like this on LinkedIn!

Mamaearth cuts IPO size by 10%

https://economictimes.indiatimes.com/tech/startups/pharmeasy-plans-rs-2400-crore-rights-issue-at-90-cut-in-share-price/articleshow/101510154.cms

Pharmeasy with a 90% cut in valuation

The Morning Vine 🍇

- Blackbuck, a logistics unicorn, has filed a draft red herring prospectus for a fresh issue of Rs 550 crore and an offer for sale of 2.16 crore shares.
- Key investors selling shares in the IPO include Accel (52 lakh shares), Tiger Global (9 lakh shares), Flipkart (4 lakh shares), and IFC (17 lakh shares).
- Founders Rajesh Yabaji, Chanakya Hridaya, and Ramasubramanian Balasubramaniam will also sell a combined total of 44 lakh shares.
- Blackbuck's revenue rose 69% from Rs 176 crore in FY23 to Rs 297 crore in FY24, while net loss narrowed from Rs 290 crore to Rs 194 crore.
- The IPO proceeds will fund marketing, product development, its NBFC arm, and general corporate purposes.

Blackbuck Files IPO Prospectus for Rs 550 Crore Fresh Issue

While there are lot of VCs coming out with their ‘expert’ outlook on 2024, let’s be real to share our own predictions. Idea is to share and learn and not just mudsling.

Let me go first with few of my own

1. Neobanking will go belly up - it’s really hard to make money in just Savings account led neobanking I believe. With lending increasingly difficult, I think we will see likes of Jupiter going belly up

2. Gold mine of climate tech - climate tech will become more mainstream stream (similar to content and community in 2021, D2C in 2022 and SaaS in 2023)

What are yours?

What are your predictions for 2024 Indian Startup ecosystem?

Founder

- Jaipur-based D2C men’s grooming brand Menhood is set to go public with an NSE Emerge listing.
- The IPO will open on July 16 and close on July 19, with a price band of INR 71-75 per share.
- Menhood aims to raise INR 19.5 Cr at the upper end of the price band, offering 25,95,200 equity shares.
- Proceeds will be used to expand product offerings and enhance operational capabilities.
- Menhood will be the third new-age startup to list on NSE Emerge this year, following TAC Infosec and Trust Fintech. 

 Source: Inc42

Menhood's IPO Opens on July 16, Listing on NSE Emerge

- Unicommerce eSolutions Ltd made a strong debut on the NSE, listing shares at Rs 235 each, a 117.6% premium over the IPO price of Rs 108.
- The IPO, a book-built issue of Rs 276.6 crore, was open for subscription from August 6 to August 8 and was subscribed 168.35 times by the last day.
- Retail investor portion was subscribed 130.9 times, QIBs 138.75 times, and NIIs 252.46 times.
- The IPO is entirely an offer-for-sale of 2.6 crore shares, with a price band set between Rs 102 and Rs 108 per share.
- Established in February 2012, Unicommerce eSolutions operates a SaaS platform that streamlines e-commerce operations for brands, sellers, and logistics providers. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/ipo/unicommerce-esolutions-makes-stellar-market-debut-as-shares-list-at-118-premium-12794689.html)

FirstCry Shares List At 40% Premium Over IPO Price On Debut

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