Discover the earnings Sachin Tendulkar gained from the FirstCry listing, while Ratan Tata enjoys returns of 5-7 times from the IPO.
On its listing day, FirstCry‘s stock finished at Rs 673.45, reflecting a 45 percent premium above its issue price. This resulted in a 38 percent profit for Sachin Tendulkar and other investors, who purchased shares at Rs 487.44. They still retain their holdings in the company.
Cricket icon Sachin Tendulkar, together with Harsh Mariwala, Ranjan Pai, and Kanwaljit Singh, saw their investments in FirstCry become profitable following the company’s impressive debut on August 12 at Rs 651. Initially, these prominent investors encountered a 10 percent dip in their FirstCry shares after the IPO price range was established between Rs 440 and Rs 465.
On its listing day, FirstCry‘s stock finished at Rs 673.45, reflecting a 45 percent premium above its issue price. This resulted in a 38 percent profit for Sachin Tendulkar and other investors, who purchased shares at Rs 487.44. They still retain their holdings in the company.
Sachin Tendulkar‘s stake in FirstCry has increased to Rs13.82 crore after the company’s listing, a notable rise from his original investment of Rs9.99 crore.
Ratan Tata, the former chairman of Tata Sons, owned 77,900 shares of FirstCry before its IPO, purchasing them at an average cost of Rs 84.72 each. He was identified as a selling shareholder, but the exact amount he sold remains uncertain.
Ratan Tata saw a remarkable fivefold return on his investment at the peak of the IPO price. If he decides to keep any of his shares, he stands to gain an impressive sevenfold return based on the listing price.
In a similar vein, Mahindra & Mahindra, which holds an 11 percent stake acquired at Rs 77.96 per share, is expecting its investment to appreciate nearly seven times. The company divested 28.06 lakh shares during the offer for sale (OFS). After this transaction, M&M retains 5.05 crore shares, which are now worth Rs 3,403 crore according to FirstCry’s closing price today, marking a remarkable rise from their original investment of Rs 389 crore.
In the previous year, Supam Maheshwari, the founder of FirstCry, along with SoftBank, divested a portion of their shares. Maheshwari, who now owns a 5.95 percent stake in the company, sold shares valued at Rs 300 crore during the pre-IPO phase in 2023.
During that period, Sachin Tendulkar and his spouse Anjali secured more than 200,000 shares in FirstCry. Meanwhile, the Mariwala family office, Sharp Ventures, acquired 2.05 million shares. Ranjan Pai’s family office invested in 5.13 million shares, while Kanwaljit Singh obtained 307,730 shares. Additionally, Kris Gopalakrishnan, co-founder of Infosys, through his family office, purchased 615,460 shares, and Hemendra Kothari, the founder of DSP, acquired 820,614 shares.
The initial public offering featured a new issue amounting to Rs 1,666 crore, alongside an offer for sale priced at Rs 2,527.72 crore at the highest end of the price range. This resulted in a total issue size of Rs 4,187.72 crore, elevating the company’s market capitalization to Rs 34,964 crore.
BrainBees, the parent company of FirstCry, submitted its initial draft IPO documents to SEBI last December. However, the company later retracted the draft after SEBI sought additional details regarding essential performance indicators (KPIs). While SEBI requested a total of 25 KPIs, FirstCry only included 5-6 in its original submission, as reported by sources.
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[…] Discover the earnings Sachin Tendulkar gained from the FirstCry listing, while Ratan Tata enjoys ret… […]
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