· Price Band fixed at ₹ 440 per Equity Share to ₹ 465 per Equity Share of face value of ₹2 each of Brainbees Solutions Limited (“Equity Shares”)
· Bid /Offer Opening Date: Tomorrow, Tuesday, August 6, 2024
· Bid/ Offer Closing Date: Thursday, August 8, 2024
· Bids can be made for a minimum of 32 Equity Shares and in multiples of 32 Equity Shares thereafter
· The Floor Price is 220 times and the Cap Price is 232.5 times the face value of the Equity Shares.
Brainbees Solutions Limited, has allotted 4,05,55,428 Equity Shares to 71 anchor investors and raised ₹ 1885.8 crores ahead of company’s proposed IPO at the upper price band of ₹ 465 per equity share (including premium of ₹ 463 per equity shares) with face value of ₹ 2 per share.
|
Sr. No. |
Name of the Anchor Investor |
No. of Equity Shares allocated |
% of Anchor Investor Portion |
Bid price (Rs. per Equity Share) |
Amount (Rs.) |
|
1 |
GOVERNMENT OF SINGAPORE |
2,761,952 |
6.81% |
465 |
1,284,307,680 |
|
2 |
MONETARY AUTHORITY OF SINGAPORE |
569,152 |
1.40% |
465 |
264,655,680 |
|
3 |
GOVERNMENT PENSION FUND GLOBAL |
1,440,480 |
3.55% |
465 |
669,823,200 |
|
4 |
ABU DHABI INVESTMENT AUTHORITY – MONSOON |
1,440,480 |
3.55% |
465 |
669,823,200 |
|
5 |
NOMURA FUNDS IRELAND PUBLIC LIMITED COMPANY- NOMURA FUNDS IRELAND – INDIA EQUITY FUND |
1,440,480 |
3.55% |
465 |
669,823,200 |
|
6 |
FIDELITY FUNDS – INDIA FOCUS FUND |
1,440,480 |
3.55% |
465 |
669,823,200 |
|
7 |
GOLDMAN SACHS FUNDS – GOLDMAN SACHS INDIA EQUITY PORTFOLIO |
1,440,480 |
3.55% |
465 |
669,823,200 |
|
8 |
SBI OPTIMAL EQUITY FUND – LONG TERM |
216,064 |
0.53% |
465 |
100,469,760 |
|
9 |
SBI MAGNUM CHILDREN’S BENEFIT FUND |
43,008 |
0.11% |
465 |
19,998,720 |
|
10 |
SBI CONSUMPTION OPPORTUNITIES FUND |
859,968 |
2.12% |
465 |
399,885,120 |
|
11 |
SBI BLUE CHIP FUND |
3,418,432 |
8.43% |
465 |
1,589,570,880 |
|
12 |
ICICI PRUDENTIAL ELSS TAX SAVER FUND |
1,296,416 |
3.20% |
465 |
602,833,440 |
|
13 |
ICICI PRUDENTIAL EQUITY & DEBT FUND |
648,224 |
1.60% |
465 |
301,424,160 |
|
14 |
ICICI PRUDENTIAL TECHNOLOGY FUND |
1,296,416 |
3.20% |
465 |
602,833,440 |
|
15 |
HDFC LARGE AND MID CAP FUND |
1,092,384 |
2.69% |
465 |
507,958,560 |
|
16 |
HDFC MUTUAL FUND – HDFC BUSINESS CYCLE FUND |
588,192 |
1.45% |
465 |
273,509,280 |
|
17 |
HDFC MUTUAL FUND – HDFC NON CYCLICAL CONSUMER FUND |
420,128 |
1.04% |
465 |
195,359,520 |
|
18 |
HDFC MUTUAL FUND – HDFC TECHNOLOGY FUND |
420,128 |
1.04% |
465 |
195,359,520 |
|
19 |
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK SPECIAL OPPORTUNITIES FUND |
420,128 |
1.04% |
465 |
195,359,520 |
|
20 |
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK CONSUMPTION FUND |
315,104 |
0.78% |
465 |
146,523,360 |
|
21 |
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK BUSINESS CYCLE FUND |
472,672 |
1.17% |
465 |
219,792,480 |
|
22 |
KOTAK PIONEER FUND |
472,672 |
1.17% |
465 |
219,792,480 |
|
23 |
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK TECHNOLOGY FUND |
210,080 |
0.52% |
465 |
97,687,200 |
|
24 |
KOTAK INDIA EQ CONTRA FUND |
630,176 |
1.55% |
465 |
293,031,840 |
|
25 |
SBI LIFE INSURANCE CO. LTD |
2,520,832 |
6.22% |
465 |
1,172,186,880 |
|
26 |
CARMIGNAC PORTFOLIO |
562,272 |
1.39% |
465 |
261,456,480 |
|
27 |
CARMIGNAC EMERGENTS |
878,208 |
2.17% |
465 |
408,366,720 |
|
28 |
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LTD. |
530,208 |
1.31% |
465 |
246,546,720 |
|
29 |
BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED |
151,232 |
0.37% |
465 |
70,322,880 |
|
30 |
BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED |
64,832 |
0.16% |
465 |
30,146,880 |
|
31 |
KOTAK FUNDS – INDIA ESG FUND |
182,784 |
0.45% |
465 |
84,994,560 |
|
32 |
KOTAK INFINITY FUND – CLASS AC |
107,552 |
0.27% |
465 |
50,011,680 |
|
33 |
PUBLIC SECTOR PENSION INVESTMENT BOARD – KOTAK MAHINDRA ASSET MANAGEMENT (SINGAPORE) PTE LTD |
429,888 |
1.06% |
465 |
199,897,920 |
|
34 |
NORDEA 1, SICAV – EMERGING STARS EX CHINA EQUITY FUND |
249,280 |
0.61% |
465 |
115,915,200 |
|
35 |
NORDEA 1 – ASIAN STARS EQUITY FUND |
506,976 |
1.25% |
465 |
235,743,840 |
|
36 |
360 ONE FLEXICAP FUND |
385,088 |
0.95% |
465 |
179,065,920 |
|
37 |
360 ONE BALANCED HYBRID FUND |
155,104 |
0.38% |
465 |
72,123,360 |
|
38 |
WF ASIAN RECONNAISSANCE FUND LIMITED |
728,256 |
1.80% |
465 |
338,639,040 |
|
39 |
AL MEHWAR COMMERCIAL INVESTMENTS L.L.C. – (WANDA) |
630,208 |
1.55% |
465 |
293,046,720 |
|
40 |
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE INDIA GENNEXT FUND |
525,184 |
1.29% |
465 |
244,210,560 |
|
41 |
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE SMALL CAP FUND |
375,104 |
0.92% |
465 |
174,423,360 |
|
42 |
TT EMERGING MARKETS UNCONSTRAINED FUND |
225,696 |
0.56% |
465 |
104,948,640 |
|
43 |
AMUNDI FUNDS NEW SILK ROAD |
432,128 |
1.07% |
465 |
200,939,520 |
|
44 |
INVESCO INDIA FLEXI CAP FUND |
557,312 |
1.37% |
465 |
259,150,080 |
|
45 |
INVESCO INDIA MIDCAP FUND |
342,944 |
0.85% |
465 |
159,468,960 |
|
46 |
RELIANCE NIPPON LIFE INSURANCE CO LIMITED |
216,064 |
0.53% |
465 |
100,469,760 |
|
47 |
FLORIDA RETIREMENT SYSTEM – ALLSPRING GLOBAL INVESTMENTS, LLC (EMSC) |
450,144 |
1.11% |
465 |
209,316,960 |
|
48 |
INTEGRATED CORE STRATEGIES (ASIA) PTE. LTD. |
108,032 |
0.27% |
465 |
50,234,880 |
|
49 |
SOCIETE GENERALE – ODI |
108,032 |
0.27% |
465 |
50,234,880 |
|
50 |
STEADVIEW CAPITAL MAURITIUS LIMITED |
728,256 |
1.80% |
465 |
338,639,040 |
|
51 |
NHIT: GLOBAL EMERGING MARKETS EQUITY TRUST |
246,688 |
0.61% |
465 |
114,709,920 |
|
52 |
DESTINATIONS INTERNATIONAL EQUITY FUND, A SERIES OF BRINKER CAPITAL DESTINATIONS TRUST |
203,456 |
0.50% |
465 |
94,607,040 |
|
53 |
ALBERTA INVESTMENT MANAGEMENT CORPORATION AS A TRUSTEE OF THE GOVERNMENT OF THE PROVINCE OF ALBERTA MANAGED BY WELLINGTON MANAGEMENT – |
244,288 |
0.60% |
465 |
113,593,920 |
|
54 |
WELLINGTON TRUST COMPANY, NATIONAL ASSOCIATION MULTIPLE COMMON TRUST FUNDS TRUST, EMERGING MARKETS RESEARCH EQUITY PORTFOLIO |
475,936 |
1.17% |
465 |
221,310,240 |
|
55 |
MORGAN STANLEY INVESTMENT FUNDS INDIAN EQUITY FUND |
108,032 |
0.27% |
465 |
50,234,880 |
|
56 |
HARA GLOBAL CAPITAL MASTER FUND I LTD |
360,128 |
0.89% |
465 |
167,459,520 |
|
57 |
CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED – ODI |
108,032 |
0.27% |
465 |
50,234,880 |
|
58 |
VERITION MULTI-STRATEGY MASTER FUND LTD. |
108,064 |
0.27% |
465 |
50,249,760 |
|
59 |
CLSA GLOBAL MARKETS PTE. LTD-ODI |
134,432 |
0.33% |
465 |
62,510,880 |
|
60 |
HELIOS FLEXI CAP FUND |
216,064 |
0.53% |
465 |
100,469,760 |
|
61 |
GHISALLO MASTER FUND LP |
108,068 |
0.27% |
465 |
50,251,620 |
|
62 |
MORGAN STANLEY ASIA (SINGAPORE) PTE. – ODI |
576,192 |
1.42% |
465 |
267,929,280 |
|
63 |
VALIANT INDIA OPPORTUNITIES LTD |
540,192 |
1.33% |
465 |
251,189,280 |
|
64 |
GOLDMAN SACHS (SINGAPORE) PTE. – ODI |
468,160 |
1.15% |
465 |
217,694,400 |
|
65 |
DSP INDIA FUND- INDIA LONG / SHORT STRATEGY FUND WITH CASH MANAGEMENT OPTION |
216,064 |
0.53% |
465 |
100,469,760 |
|
66 |
MAX LIFE INSURANCE COMPANY LIMITED |
322,592 |
0.80% |
465 |
150,005,280 |
|
67 |
MAX LIFE INSURANCE CO. LTD. – PURE GROWTH FUND |
43,008 |
0.11% |
465 |
19,998,720 |
|
68 |
MAX LIFE INSURANCE CO LTD PENSION PRESERVER FUND(ULIF01815/02/13PENSPRESER104) |
8,608 |
0.02% |
465 |
4,002,720 |
|
69 |
MAX LIFE INSURANCE CO LTD PENSION MAXIMISER FUND (ULIF01715/02/13PENSMAXIMI104) |
64,512 |
0.16% |
465 |
29,998,080 |
|
70 |
MAX LIFE INSURANCE CO LTD A/C SUSTAINABLE EQUITY FUND – ULIF02505/10/21SUSTAINEQU104 |
111,840 |
0.28% |
465 |
52,005,600 |
|
71 |
MAX LIFE INSURANCE CO LTD A/C DIVERSIFIED EQUITY FUND (ULIF02201/01/20LIFEDIVEQF104) |
385,760 |
0.95% |
465 |
179,378,400 |
|
TOTAL |
40,555,428 |
100% |
– |
18,858,274,020 |
Out of the total allocation of 4,05,55,428 Equity Shares to the Anchor Investors, 1,51,60,928 Equity Shares (i.e. 37.38% of the total allocation to Anchor Investors) were allocated to 8 domestic mutual funds through a total of 23 schemes.
|
Sr. No. |
Name of Scheme |
No. of Equity Shares allocated |
% of Anchor Investor Portion |
Bid price (Rs. per Equity Share) |
Amount (Rs.) |
|
1 |
SBI MAGNUM CHILDREN’S BENEFIT FUND |
43,008 |
0.11% |
465 |
19,998,720 |
|
2 |
SBI CONSUMPTION OPPORTUNITIES FUND |
859,968 |
2.12% |
465 |
399,885,120 |
|
3 |
SBI BLUE CHIP FUND |
3,418,432 |
8.43% |
465 |
1,589,570,880 |
|
4 |
ICICI PRUDENTIAL ELSS TAX SAVER FUND |
1,296,416 |
3.20% |
465 |
602,833,440 |
|
5 |
ICICI PRUDENTIAL EQUITY & DEBT FUND |
648,224 |
1.60% |
465 |
301,424,160 |
|
6 |
ICICI PRUDENTIAL TECHNOLOGY FUND |
1,296,416 |
3.20% |
465 |
602,833,440 |
|
7 |
HDFC LARGE AND MID CAP FUND |
1,092,384 |
2.69% |
465 |
507,958,560 |
|
8 |
HDFC MUTUAL FUND – HDFC BUSINESS CYCLE FUND |
588,192 |
1.45% |
465 |
273,509,280 |
|
9 |
HDFC MUTUAL FUND – HDFC NON CYCLICAL CONSUMER FUND |
420,128 |
1.04% |
465 |
195,359,520 |
|
10 |
HDFC MUTUAL FUND – HDFC TECHNOLOGY FUND |
420,128 |
1.04% |
465 |
195,359,520 |
|
11 |
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK CONSUMPTION FUND |
315,104 |
0.78% |
465 |
146,523,360 |
|
12 |
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK BUSINESS CYCLE FUND |
472,672 |
1.17% |
465 |
219,792,480 |
|
13 |
KOTAK PIONEER FUND |
472,672 |
1.17% |
465 |
219,792,480 |
|
14 |
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK TECHNOLOGY FUND |
210,080 |
0.52% |
465 |
97,687,200 |
|
15 |
KOTAK INDIA EQ CONTRA FUND |
630,176 |
1.55% |
465 |
293,031,840 |
|
16 |
360 ONE FLEXICAP FUND |
385,088 |
0.95% |
465 |
179,065,920 |
|
17 |
360 ONE BALANCED HYBRID FUND |
155,104 |
0.38% |
465 |
72,123,360 |
|
18 |
INVESCO INDIA FLEXI CAP FUND |
557,312 |
1.37% |
465 |
259,150,080 |
|
19 |
INVESCO INDIA MIDCAP FUND |
342,944 |
0.85% |
465 |
159,468,960 |
|
20 |
HELIOS FLEXI CAP FUND |
216,064 |
0.53% |
465 |
100,469,760 |
|
21 |
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE INDIA GENNEXT FUND |
525,184 |
1.29% |
465 |
244,210,560 |
|
22 |
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE SMALL CAP FUND |
375,104 |
0.92% |
465 |
174,423,360 |
|
23 |
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK SPECIAL OPPORTUNITIES FUND |
420,128 |
1.04% |
465 |
195,359,520 |
|
|
TOTAL |
15,160,928 |
37.38% |
– |
7,049,831,520 |
The Offer comprises of a Fresh Issue of equity shares aggregating up to ₹ 16,660.00 million (the “Fresh Issue”) and an offer for sale of up to 54,359,733 equity shares of face value ₹ 2 (the “Offer for Sale”). The Offer for Sale comprises of up to 46,814,458 Equity Shares of face value ₹ 2 each by corporate selling shareholders and up to 7,545,275 Equity Shares of face value ₹ 2 each by individual selling shareholders.
The Offer includes a reservation of certain equity shares of face value of ₹ 2 each, aggregating up to ₹ 30.00 million for subscription by eligible employees (“Employee Reservation Portion”). The offer less the Employee Reservation Portion is hereinafter referred to as the “Net Offer”.
The Company intends to use the proceeds of the Fresh Issue towards setting up new modern stores under the “BabyHug” brand; and (ii) setting up a warehouse, in India; expenditure for lease payments for the Company’s existing identified modern stores owned and operated by the Company, in India; investment in the Company’s subsidiary, Digital Age Retail Private Limited (“Digital Age”) for: (i) setting up new modern stores under the FirstCry brand and other home brands of the company; and (ii) lease payments for the company’s existing identified modern stores owned and controlled by Digital Age, in India; investment in the company’s subsidiary, FirstCry Trading Company for overseas expansion by: (i) setting up new modern stores; and (ii) setting up warehouse(s), in Kingdom of Saudi Arabia; investment in the Company’s subsidiary, Globalbees Brands Private Limited towards acquisition of additional stake in the Company’s stepdown subsidiaries; sales and marketing initiatives; technology and data science cost including cloud and server hosting related costs; and funding inorganic growth through acquisition and other strategic initiatives and general corporate purposes.
Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, BofA Securities India Limited, JM Financial Limited and Avendus Capital Private Limited are the book running lead managers (“Book Running Lead Managers” or “BRLMs”) to the Offer.
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