26 April 2022, Mumbai:
FirstCry Plans $1b IPO, may Seek Sebi Nod Next Month
75% of total issue size to be in OFS, rest in primary: board approves conversion to public Ltd firm.
ALSO READ NIIF-FirstCry proposed deal
A SOURCE SAID...
FirstCry may seek a valuation of close to $7 billion for its debut on Dalal Street.
RELEVANT NEWS FirstCry: Sovereign wealth fund invest, others offload stake in secondary deal
MONEY MATTERS
FirstCry's DRNP filing will be coming at a time when startups like Delhivery had to postpone their listing plans due to market volatility.
The most updated financials of the company will reflect in its draft red herring prospectus (DRHP).
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CREDITS: ET DT 26-04-2022 (The News article has not been edited by DFU Publications staff).
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