Brainbees Solutions’ IPO opens on Aug 6

New Delhi: Online e-commerce platform FirstCry’s parent, Brainbees Solutions Ltd, is set to launch its initial public offering (IPO) on August 6.The three-day issue is scheduled to close on August 8 and the bidding for the anchor portion will open for a day on August 5, according to the red herring prospectus (RHP).

The proposed public issue of Pune-based Brainbees Solutions consists of a fresh issue of equity shares valued at Rs 1,666 crore and an OFS (offer for sale) component of up to 5.44 crore shares by existing shareholders. The price band of the public issue will be announced on Thursday.