FirstCry IPO to open on Tuesday; sets price band at Rs 440-465 per share

Quick Summary:

Hence, we reduced the IPO size as there was no point in just raising funds and keeping it in the bank,” said Maheshwari, in an interaction post the IPO announcement.

The IPO comprises a fresh fund raise worth Rs 1,666 crore and a secondary share sale worth Rs 2,528 crore.

In FY24, the company had revenues from operations of Rs 6,480 crore and a net loss of Rs 321 crore.

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Category: BusinessFinance

Markets: IndiaSaudi Arabia

Topics: Stock market trading Stock market listing Firstcry IPO

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 18:41:11 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 483 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21886036

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