FirstCry, India’s leading retailer for baby and mother care products, is gearing up for a big IPO, valued at $3-3.5 billion! Let's explore what this means.
FirstCry, India’s leading retailer for baby and mother care products, is gearing up for a big IPO, valued at $3-3.5 billion! Let's explore what this means.
FirstCry plans to raise $217 million (Rs 1,816 crore) from the IPO. Additionally, there will be an offer-for-sale (OFS) of 54 million shares, allowing early investors to sell their shares.
Supported by Premji Invest and SoftBank, FirstCry was valued at $2.8 billion in its last private funding round. Now, the IPO values it at $3-3.5 billion!
FirstCry operates 1,018 stores in 508 cities and has strong online sales. It reported Rs 4,814 crore in revenue for the nine months ending December 2023.
Want to invest in one of India's top baby and mother care retailers? FirstCry’s IPO opens this week. Stay updated!