How to invest in upcoming Brainbees Solutions Ltd. IPO?

Category : ipo news

Brainbees Solutions Ltd. IPO Details:

Brainbees Solutions Ltd. has announced public offering of 90187689 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 463.00 per share. The gross proceeds of the issue are expected to be Rs 4,19,372.75 lakhs.

The company's initial public offer (IPO) will open on 06 August 2024 and is expected to close on 08 August 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 440.00-465.00 per share.

The IPO includes a fresh Issue of 90187689 Equity Shares of the Company at an price of Rs 465.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 32 shares with bids in multiples of 32.

Brainbees Solutions Ltd. anticipates using the proceeds of the issue for a) Setting up new modern storesb) Setting up warehouse(s)

V Investment in our Subsidiary, Globalbees Brands towards acquisition of additional stake in our stepdown Subsidiaries

VI Sales and marketing initiatives

VII Technology and data science cost including cloud and server hosting related costs

VIII Funding inorganic growth through acquisition and other strategic initiatives and general corporate purposes.

Kotak Mahindra Capital Company Ltd.,Morgan Stanley India Company Private Limited,JM Financial Ltd.,BofA Securities India Limited,Avendus Capital Pvt. Ltd. as lead manager(s) & Link intime India Pvt. Ltd. is the registrar, to the issue.

If the Brainbees Solutions Ltd. is something that you’re looking to invest in come 06 August 2024, it would be a good idea to start the demat account opening process right away.

Apply online IPO or Contact Libord Broking now to open demat account online within minutes, and install the LibordEasy app from google play store.