FirstCry's $501M IPO: Aiming for $2.9B Retail Empire

IPO Goal: FirstCry aims to raise $501 million

Valuation Target: Company seeks $2.9 billion valuation

Stake Offered: 17% stake to be made available to public

Price Range: Shares priced between 440-465 rupees

Expansion Plans: Funds for acquisitions, international growth, new stores

Key Players: SoftBank, TPG, Mahindra & Mahindra selling stakes

Market Context: Part of India's recent IPO boom in 2024

FirstCry's $501M IPO: Aiming for $2.9B Retail Empire

FirstCry's $501M IPO: Aiming for $2.9B Retail Empire