FirstCry, backed by SoftBank and Premji Invest, is set to file its final IPO papers, valuing the company at $3-3.5 billion.

Baby and mother care products retailer FirstCry, backed by SoftBank and Premji Invest, is set to file its final IPO papers this week, valuing the company at $3-3.5 billion. The offer size remains unchanged at $217 million (Rs 1,816 crore) of primary fundraise, with an offer-for-sale (OFS) for 54 million shares. FirstCry plans to close its IPO before August 15 and has received strong interest from institutional investors.