FirstCry's parent firm Brainbees Solutions gets Sebi's nod to float IPO

Brainbees Solutions Ltd, the parent company of FirstCry, has received Sebi’s approval to proceed with its IPO, which includes a fresh issue of equity shares worth up to ₹1,816 crore and an offer for sale (OFS) of 5.44 crore shares by existing shareholders. SoftBank’s SVF Frog will sell 2.03 crore shares, and Mahindra & Mahindra will offload 28.06 lakh shares. Additionally, Unicommerce eSolutions, Gala Precision Engineering, and Interarch Building Products also received Sebi’s nod for their IPOs between June 25-28, 2024. Unicommerce’s IPO is a complete OFS, with proceeds going to selling shareholders. All companies will be listed on BSE and NSE.