Brainbees Solutions Ltd, parent company of FirstCry, re-files IPO papers with Sebi for Rs 1,816 crore, including fresh issue and OFS, due to insufficient KPI disclosure.
Brainbees Solutions Ltd, the parent company of online e-commerce platform FirstCry, re-filed preliminary papers with Sebi to raise funds through an IPO of Rs 1,816 crore, including a fresh issue and an Offer For Sale (OFS) by existing shareholders. The regulator asked for re-filing due to insufficient disclosure of KPIs. For the nine months to Dec 2023, the company reported a net loss of Rs 278 crore and an operating revenue of Rs 4,814 crore.
May 06, 2024
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