Pune: Brainbees Solutions Limited, popularly known as FirstCry, is set to open its Initial Public Offering (IPO) on Tuesday, August 06, 2024. The IPO price band has been fixed between ₹440 and ₹465 per equity share.

The announcement was made at a press conference featuring key figures from FirstCry and its financial partners. Supam Maheshwari, Managing Director and Chief Executive Officer of Brainbees Solutions Limited (FirstCry), addressed the gathering, highlighting the company's growth trajectory and future plans.

In attendance were notable representatives from leading financial institutions, including:

• Debasish Purohit, Managing Director & Co-Head of India Investment Banking at Bofa Securities India Limited

• Kamal Yadav, Managing Director & Co-Head of India Investment Banking at Morgan Stanley India Company Private Limited

• Gautam Sharma, Chief Financial Officer at Brainbees Solutions Limited (FirstCry)

• Jayasankar Venkatraman, Managing Director & Member of the Board at Kotak Mahindra Capital Company Limited

• Pranay Jain, Managing Director at Avendus Capital Private Limited

• Abhishek Bhagat, Managing Director at JM Financial Limited

The IPO marks a significant milestone for FirstCry as it continues to expand its footprint in the competitive baby and kids' products market. The funds raised will be utilized for scaling operations, enhancing technology infrastructure, and broadening the product range.