Avendus Capital acted as a Book Running Lead Manager to FirstCry and its shareholders on its INR 4,194 crores IPO

Overview

BrainBees Solutions (FirstCry) successfully raised INR 41.94 billion through a mix of a fresh issuance of shares worth INR 16.66 billion and an offer for sale of INR 25.28 billion . The anchor book witnessed strong participation from 71 FIIs and DIIs.

Avendus Capital acted as one of the Book Running Lead Managers to FirstCry and its shareholders on its Initial Public Offering

Deal Value

INR 4,194 cr

Service

Equity Capital Markets | IPO

Sector

Digital, Technology & Consumer

Date

Aug 2024

From the Series C in 2015 to this landmark IPO, it has been an incredible decade-long journey with Supam, Gautam and the FirstCry team. We’re grateful to have a ringside view of one of India's premier tech companies in the making. It is even more satisfying because this marks Avendus’ first IPO since our recent foray into Equity Capital Markets.

Karan Sharma

Managing Director & Co-head, Digital, Technology & Consumer Investment Banking, Avendus Capital

It has been an honour to partner with FirstCry on their blockbuster listing. This is not only a new chapter for FirstCry, but a milestone for Avendus as well – marking our first IPO. The high quality of investors especially Sovereign Wealth Funds onboarded onto the cap table is a testament to the large value unlocking opportunity that India’s entrepreneurial ecosystem presents and reaffirms our conviction in partnering with our private market clients on their journey to the public market.

Gaurav Sood

Managing Director & Head, Equity Capital Markets, Avendus Capital

About FirstCry

BrainBees Solutions (FirstCry), India's largest multi-channel retailing platform for parenting needs, made a remarkable debut on the Indian stock exchanges today, listing at a 40% premium versus INR 465 (upper end of the IPO price band).

www.firstcry.com