A total of three IPOs will be raising money from the public market. Two IPOs will be opening in the mainboard segment while investors could only bid for one SME IPO this week. The three companies will together raise an amount of Rs 4,496.77 crore. Out of this, mainboard segment IPOs will raise Rs 4,407.3 crore.
Mainboard IPOs
FirstCry (Brainbee Solutions)
FirstCry will be opening its IPO to investors on August 06 and closing it on August 08. It is a company that offers its products to babies, kids, and their parents through an online platform. Brainbee Solutions is the parent of FirstCry which has created a one-stop store for parents’ retail, content, community engagement, and education needs. The company wants to raise a total of Rs 4,193.73 crore through a combination of fresh shares and an offer for sale. The company kept the price band in a range of Rs 440 to Rs 465 per equity share. Kotak Mahindra Capital Company, Morgan Stanley India Company, BofA Securities India, JM Financial, and Avendus Capital are the book-running lead managers of the Brainbees Solutions (Firstcry) IPO, while Link Intime India is the registrar for the issue.
Unicommerce eSolutions
Unicommerce eSolutions Limited is a SaaS platform that manages e-commerce operations for brands, sellers, and logistics providers. The company offers a range of software products to help businesses efficiently manage their e-commerce operations after purchase. The company will be opening its IPO to investors on August 06 to raise a total of Rs 276.57 crore by selling 25.6 million fresh shares. The company will stop taking bids for the issue on August 08. The company has kept the IPO price band in a range of Rs 102 to Rs 108 per equity share. IIFL Securities and CLSA India are the lead book runners of the Unicommerce eSolutions IPO. Link Intime India is handling the work of the registrar for the issue.
SME IPO
Aesthetik Engineers
The IPO will open on August 08 and close on August 12 to collect Rs 26.47 crore. The company will be listed on the NSE SME platform on August 16, as per the tentative schedule. Aesthetik Engineers provides interior design services and is involved in the design, manufacture, and installation of façade systems. The company provides design, engineering, fabrication, and installation of architectural façades, aluminium doors and windows as well as railings, stairs and Glassfibre Reinforced Concrete (GFRC) for hospitality, residential, commercial and infrastructure projects. The company has kept the IPO price band in a range of Rs 55 to Rs 58 per equity share. Narnolia Financial Services is the lead book runner and Skyline Financial Services is the registrar. The market maker for Aesthetik Engineers IPO is Nikunj Stock Brokers.
