What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 11 Aug 2024.

BRAINBEES SOLUTIONS LIMITED (FIRST CRY)

ListedMainboard

Consumer Discretionary / Retail · NSE / BSE

Brainbees Solutions Limited, founded in 2010, operates under the brand 'FirstCry' and is a leading online platform catering to parents and children up to age 12. Offering over 1.5 million SKUs from 7,500+ brands, FirstCry provides apparel, footwear, baby gear, toys, and personal care products, including its house brands like BabyHug, Pine Kids, and Babyoye. Recognized as India's largest multi-category brand for mother and baby products, it also leads in specialized online retail for kids' products in the UAE. With a network of 900+ contract manufacturers, the company employs 3,411 full-time and 2,475 contract-based employees as of December 2023.

Price Band

₹440 – ₹465

Issue Size

₹4194 Cr

Lot Size

32 shares

GMP

₹87

+18.7%

Est. Listing

₹552

at current GMP

Subscribed

12.22x

overall

Open

6 Aug 2024

8 Aug 2024

Allotment

10 Aug 2024

Refund

11 Aug 2024

Demat Credit

12 Aug 2024

Listing

13 Aug 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

BRAINBEES SOLUTIONS LIMITED (FIRST CRY) Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

10 Aug 2024

Basis finalization

Refunds Initiate

11 Aug 2024

Mandate release

Demat Credit

12 Aug 2024

Shares in demat

Listing Debut

13 Aug 2024

Trading begins

How to Check BRAINBEES SOLUTIONS LIMITED (FIRST CRY) IPO Allotment Status

Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
Select BRAINBEES SOLUTIONS LIMITED (FIRST CRY) from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About BRAINBEES SOLUTIONS LIMITED (FIRST CRY) Public Issue & Market Profile

BRAINBEES SOLUTIONS LIMITED (FIRST CRY) is bringing an initial public offering (IPO) in the Consumer Discretionary / Retail sector with an aggregate issue size of ₹4,193.73 Crores. The shares are offered at a price band of ₹440 to ₹465 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-08-08, the basis of allotment is scheduled to be finalized on 2024-08-10. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.