FirstCry's parent Brainbees raises Rs 1,886 cr from anchor investors

Published onET Retail

Publish Date6 August 2024

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Online e-commerce platform FirstCry's parent Brainbees Solutions Ltd said it had collected Rs 1,886 crore from anchor investors a day before the opening of its initial share sale. The Government of Singapore, Nomura Funds, Abu Dhabi Investment Authority, Fidelity Funds, Goldman Sachs Funds, Citigroup Global Markets Mauritius, SBI Mutual Fund (ME), ICICI Prudential ME, HDFC MF, Kotak MF, and SBI Life Insurance Company are among the anchor investors, according to a circular upload on BSE's website.

According to the circular, Brainbees Solutions has allotted 4.05 crore
equity shares to 71 funds at Rs 465 apiece, which is also the upper end of the price band. This takes the transaction size to Rs 1,886 crore.

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