Brainbees Solutions Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Brainbees Solut.

CMP

416.35

-2.05 (-0.49%)

  • DRHP
₹465

Offer Price

₹ 4,193.73 Cr

Issue Size

₹ 14,880

Min Investment

12.22x

Times Subscribed

32

Lot size

Time Line

  • 06
    Aug 2024
    Open
  • 08
    Aug 2024
    Close
  • 09
    Aug 2024
    Finalisation of Basis of Allotment
  • 12
    Aug 2024
    Initiation of Refunds
  • 12
    Aug 2024
    Transfer of Shares to Demat Account
  • 13
    Aug 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Grow its customer base by continuing to invest in brand, technology, products and its membership program.

  • Grow its offline and online touchpoints to strengthen its multi- channel competitive advantage.

  • Continue to expand its portfolio of home brands.

  • Expand general trade retail distribution of our home brands.

  • Further invest in manufacturing in the baby and kids` product categories, and supply chain capabilities.

Products & Services

  • Brainbees Solutions Limited launched the FirstCry platform in India in 2010 and expanded internationally in select markets. The Company offers products from third-party Indian brands, global brands, and our home brands.

  • The Company`s integrated FirstCry platform helps fulfill three essential parenting needs i.e., shopping, parenting content and education.

Strengths

  • The Company is India`s largest multi-channel, multi-brand retailing platform for Mothers`, Babies` and Kids` Products.

  • Its platform has powerful network effects driven by content, brands and data.

  • Brand affinity, loyalty and trust of customers in the FirstCry brand.

  • Combination of curating growing home brands and relationships with prominent third-party brands.

  • Its technology and data driven, personalized customer journey leads to higher customer engagement.

Risks

  • The company has had negative net cash flows in the past and may continue to have negative cash flows in the future.

  • Risks related to the Objects to the Offer A. The company is yet to identify the exact locations or properties for the setting up its new modern stores and warehouses in India and the Kingdom of Saudi Arabia, for which its intend to utilize the amount from Net Proceeds. B. The company may utilize a portion of the Net Proceeds to undertake inorganic growth for which the target may not be identified. In the event that its Net Proceeds to be utilized towards inorganic growth initiatives are insufficient for the cost of its proposed inorganic acquisition, its may have to seek alternative forms of funding. C. The company proposed expansion plans relating to the opening of new modern stores and setting up of new warehouses are subject to the risk of unanticipated delays in implementation and cost overruns. D. The company has not entered into any definitive arrangements to utilize certain portions of the Net Proceeds of the Offer. Its funding requirements and the proposed deployment of Net Proceeds have not been appraised by any bank or financial institution or any other independent agency, and its management and Board will have broad discretion over the use of the Net Proceeds. E. The Company will not receive any proceeds from the Offer for Sale portion, and the Selling Shareholders shall be entitled to the Offer Proceeds to the extent of the Equity Shares offered by them in the Offer for Sale. F. Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior Shareholders` approval. G. Its investments in D2C brands through the company Globalbees Brands platform may not be successful, which may adversely affect its business, financial condition and results of operations. H. The Net Proceeds will be deployed over a long period of time and any delay may impact its operations and profitability. I. A portion of the Net Proceeds will be invested in Subsidiaries which have incurred losses and certain newly established businesses. The company cannot assure you that its investments will enhance their profitability or yield intended results. J. The company has investments in fixed deposits and will continue to invest in fixed deposits if the company has excess funds. If the company is unable to deploy all of the Net Proceeds towards expanding its business operations, its may temporarily invest a portion of the Net Proceeds in fixed deposits.

  • If the company fails to acquire new customers or experience a decline in engagement with its existing customers, the company may not be able to increase its revenues or achieve profitability.

  • The company has incurred losses in past periods and may continue to do so in the future, which may adversely impact its business and the value of the Equity Shares.

  • If the company fails to retain its relationships with third-party brands, or attract new relationships, the company`s business, results of operations, financial condition and cash flows will be adversely affected.

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2024 3-Yr trend
Revenue 2,401.29 (49.80%) 5,632.54 (134.60%) 6,480.86 (15.10%)
Gross Profit 59.74 (-64.60%) -235.74 (-494.60%) 49.35 (120.90%)
Net Income -71.93 (-133.50%) -441.08 (-513.20%) -274.28 (37.80%)
Assets 5,207.24 (39.80%) 5,816.71 (11.70%) 6,001.61 (3.20%)
Liabilities 1,686.34 (470.30%) 2,360.45 (40.00%) 2,830.87 (19.90%)

Book Running Managers

  • Kotak Mahindra Capital Company Ltd
  • Morgan Stanley India Company Pvt Ltd
  • Bofa Securities India Ltd
  • JM Financial Ltd
  • Avendus Capital Pvt Ltd

Registrar & Transfer Agent

MUFG Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Rajashree Business Park S.#338,
Next-Sohrabh Hall Tadiwala Rd,
Pune - 411001
Phone : +91 84829 89157 Email : companysecretary@firstcry.com www.firstcry.com

Offer Related Information

Initial public offering of 90,194,432^ equity shares of face value of Rs. 2 each (the "Equity Shares") of Brainbees Solutions Limited ("Company" or "Issuer") for cash at a price of Rs. 465.00 per equity share (the "Offer Price") aggregating to Rs. 4193.73 crores^ (the "Offer") comprising a fresh issue of 35,834,699^ equity shares of face value Rs. 2 each aggregating to Rs. 1666.00 crores^ (the "Fresh Issue") and an offer for sale of 54,359,733 equity shares of face value Rs. 2 each aggregating... More

News

  • No Data Found.

Brainbees Solut. FAQ's

The shares of Brainbees Solut. were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Brainbees Solut. IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Brainbees Solut. public issue was 125 shares.

The price band of the IPO of Brainbees Solut. was Rs. 114 to Rs. 120 per equity share.

Brainbees Solut. IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Brainbees Solut. IPO.

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