India's FirstCry jumps 52% in debut trade

Brainbees Solutions

13/08/2024 06:05

** Shares of baby products retailer FirstCry  BRAE.NS  rise
as much as 52.2% to 707.7 rupees, on its first day of trading
    ** BRAE's shares opened at 651 rupees, a 40% premium to its
IPO price of 465 rupees
    ** Co, backed by Japan's SoftBank  9434.T , TPG  TPG.O  and
India's Mahindra & Mahindra  MAHM.NS , currently trading 44%
higher
    ** Co's IPO was oversubscribed 12.2 times
    ** FirstCry's $501 million public float got bids worth $3.36
billion last week



($1 = 83.9575 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))