FirstCry IPO Allotment Today: How to Check Status and Understand GMP

FirstCry IPO Allotment Today

FirstCry IPO Allotment Today: The e-commerce company FirstCry IPO which was open for public subscription between August 6 to August 8, will announce the IPO allotment result today.

The FirstCry which is the parent company of Brainbees Solutions Ltd will be finalised on August 9.

In its public offering, the company has received a 12.22% subscription. As soon as the FirstCry IPO allotment is finalized, the investors will get a bank debt message from their respective banks if they are allotted the scrips.

The company offered 4,96,39,004 shares as part of its IPO and received bids for 60,63,96,800 shares. The Rs 4,193.73 crore worth of IPO got 12,22 times subscription.

The 4,96,39,004 shares were set for a price range of Rs 440 to Rs 465 per share.

However, there are high chance that Brainbees Solutions Ltd will go public on both BSE and NSE on August 13.

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How to Check FirstCry IPO Allotment Status?

To check the allotment status of FirstCry IPO then follow the below-mentioned steps:

• First, visit the official site of BSE i.e. bseindia.com/investors/appli_check.aspx
• Then, select ‘Equity’ under the ‘Issue’ tab.
• From the dropdown menu, under the "Issue Name,” choose "Brainbees Solutions Ltd."
• Then you have to enter, either your application number or your PAN number.
• Then verify yourself by ticking the ‘I am not a robot’ option, after that click on search.
• Your IPO allotment application status will be displayed on your screen.

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Brainbees Solutions Ltd GMP

As per the reports from the market experts, the Brainbees Solutions Ltd unlisted shares are selling at Rs 36 which is more than its issue price in the grey market.

This means that the Rs 36 GMP is anticipating that the public issue will give listing gains of 7.74%.

The Brainbees Solutions Ltd unlisted shares in the grey market are being sold for Rs 501 per share which is higher than the public issue price of Rs 465.

The Grey market premium depends on the market sentiments and changes according to that. GMP indicates that investors are willing to pay more than the public issue price.

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