Unicommerce E-Solutions and FirstCry IPO to open for subscription on August 6
Today i.e. from August 6, 2 Initial Public Offers i.e. IPOs will open. This includes Unicommerce E-Solutions Limited and FirstCry’s parent company Brainbees Solutions Limited. The IPOs of both these companies will open from August 6. Let’s know about both the IPOs:
Brainbees Solutions Limited
The IPO of FirstCry’s parent company Brainbees Solutions Limited will open on August 6. Investors will be able to bid for this IPO till August 8. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 13.
This issue of Brainbees Solutions Limited is worth a total of ₹4,193.73 crores. For this, the company will issue 35,827,957 fresh shares worth ₹1,666 crores. Whereas, the existing investors of the company are selling 54,359,733 shares worth ₹2,527.73 crores through Offer for Sale i.e. OFS.
How much minimum and maximum money can be invested?
Brainbees Solutions Limited has fixed the price band of its Initial Public Offer i.e. IPO as ₹440-₹465. In such a situation, retail investors will be able to bid for a minimum of 1 lot i.e. 32 shares for this IPO. If you apply for 1 lot as per the upper price band of IPO of ₹465, then you will have to invest ₹14,880 for this.
At the same time, retail investors can apply for a maximum of 13 lots i.e. 416 shares. For this, investors will have to invest ₹193,440 as per the upper price band. This IPO will be open from 6 August to 8 August. On August 13, the company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Unicommerce E-Solutions Limited
The Initial Public Offer i.e. IPO of Unicommerce E-Solutions Limited will open on August 6. Investors will be able to bid for this IPO till August 8. On August 13, the company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Through this issue, the company wants to raise a total of ₹ 276.57 crore. For this, the company is issuing 25,608,512 fresh shares worth ₹ 276.57 crore. The existing investors of the company are not selling a single share through Offer for Sale i.e. OFS.
How much minimum and maximum money can be invested?
Unicommerce E-Solutions Limited has fixed the price band of this issue as ₹ 102-₹ 108. Retail investors can bid for a minimum of one lot i.e. 138 shares. If you apply for 1 lot as per the upper price band of IPO ₹ 108, then you will have to invest ₹ 14,904 for this.
At the same time, retail investors can apply for a maximum of 13 lots i.e. 1794 shares. For this, investors will have to invest ₹ 193,752 as per the upper price band. Read full news
What is IPO?
When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO.
