Get ready! Kidswear giant FirstCry's IPO opens for public subscription on August 6. Targeting to raise a whopping Rs 4,194 crore!
In 2016, Ratan Tata invested ₹66 lakh in FirstCry, buying a 0.02% stake. Today, with this IPO, his shares are valued at ₹3.62 crore!
Cricket legend Sachin Tendulkar and his wife had also invested ₹10 crore in FirstCry in 2023. Their shares are currently valued at ₹9.5 crore, reflecting a minor dip.
The IPO features a fresh issue of ₹1,666 crore. The price band for the FirstCry IPO is set at Rs 450-465 per share, with a lot size of 32 shares.
Major players are cashing in! Mahindra & Mahindra plans to sell 28.06 lakh shares, while SoftBank's SVF Frog will offload 2.03 crore shares. Even FirstCry Co-Founder Supam Maheshwari is selling some stake.