Poging GOUD - Vrij

Firstcry, Unicommerce, 2 others get nod for IPOs

The New Indian Express

|

July 02, 2024

BRAINBEES SOLUTIONS, parent company of e-commerce platform Firstcry which hawks babies' and kids products, Snapdeal-owned Unicommerce eSolutions and two other companies have received the regulatory approvals for IPOS.

- BENN KOCHUVEEDAN

The other two are Interarch Building Products, and Gala Precision Engineering. Firstcry has received observation letter from the Sebi on June 25. It had filed the DRHP in April.

Brainbees' IPO is a mix of fresh issuance of shares worth 1,816 crore, and an offer-forsale of 5,43,91,592 equity shares by existing shareholders, the company said in a statement without revealing the OFS size.

MEER VERHALEN VAN The New Indian Express

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