IPO Calendar: 3 New Issues and 12 Listings Next Week
The momentum in the IPO market shows no signs of slowing down. As we move into the new week, investors have three new public offers to look forward to. Among these, Unicommerce and Firstcry are poised to make their debuts on the mainboard segment, while Aesthetik Engineers will enter the market through the SME IPO route. Let’s dive into what each of these IPOs has to offer.
Firstcry IPO: A Game Changer in Kidswear
The much-anticipated IPO of Brainbees Solution, the company behind the omnichannel kidswear brand FirstCry, is set to open on August 6. Priced at Rs 440-465 per share, the IPO comprises a fresh issue worth Rs 1,666 crore and an offer for sale (OFS) of up to 5.4 crore shares by existing shareholders, including M&M and SoftBank.
Utilization of IPO Proceeds
FirstCry plans to utilize the net proceeds from the IPO for several key initiatives:
- Expansion of Retail Footprint: Setting up new modern stores under the BabyHug brand.
- Investment in Subsidiary: Funding the growth of Digital Age, a subsidiary focused on digital and e-commerce.
- Overseas Expansion: Entering new international markets to increase global presence.
- Sales and Marketing: Strengthening marketing efforts to enhance brand visibility and customer acquisition.
Retail Presence and Growth
As of March 2024, FirstCry boasted over 2.12 million square feet of retail space across 1,063 modern stores in 533 cities. FirstCry modern stores offer a variety of brands, while BabyHug stores exclusively sell BabyHug products. This extensive network underscores FirstCry’s leadership in the kidswear segment and its commitment to providing quality products.
Unicommerce IPO: Strengthening E-commerce Solutions
Unicommerce eSolutions, a Gurugram-based SaaS platform, will open its IPO for public subscription on August 1, with the offer closing on August 8. The IPO consists solely of an OFS of up to 2.56 crore shares with a face value of Re 1 per share. The price band has been set at Rs 102-108 per share, and investors can bid in lots of 138 shares.
Company Overview
Founded in 2012, Unicommerce offers a suite of e-commerce enabled SaaS solutions that facilitate end-to-end management of e-commerce operations for brands, retailers, marketplaces, and logistics service providers. The company’s robust platform addresses the diverse needs of the e-commerce ecosystem, making it an integral player in the industry.
IPO Details
The net proceeds from the OFS will be directed to the selling shareholders, as detailed in the Red Herring Prospectus (RHP). IIFL Securities and CLSA India are managing the book for the issue, with Link Intime India acting as the registrar.
SME Segment: Aesthetik Engineers IPO
The SME IPO of Aesthetik Engineers is set to open for subscription on August 8, closing on August 12. Priced between Rs 55-58 per share, the IPO aims to raise Rs 26 crore.
Company Profile
Aesthetik Engineers Limited focuses on interior design services and is engaged in designing, manufacturing, and installing façade systems. The company’s expertise in creating aesthetically pleasing and functional spaces has positioned it as a notable player in the interior design industry.
Investment Opportunities and Market Impact
The upcoming IPOs present diverse opportunities for investors:
- FirstCry offers a chance to invest in a well-established brand with a strong retail presence and ambitious expansion plans.
- Unicommerce provides exposure to a growing SaaS platform catering to the booming e-commerce sector.
- Aesthetik Engineers introduces investors to the niche market of interior design and façade systems, promising potential growth in a specialized field.
Market Dynamics and Competition
The IPOs will also impact market dynamics and competition:
- FirstCry faces competition in the kidswear segment but aims to solidify its market leadership through strategic expansions.
- Unicommerce operates in the competitive SaaS market but differentiates itself with a comprehensive suite of e-commerce solutions.
- Aesthetik Engineers addresses a niche market with limited direct competition, positioning itself uniquely in the SME segment.
Conclusion
The upcoming week promises to be eventful for IPO enthusiasts, with significant offerings from FirstCry, Unicommerce, and Aesthetik Engineers. Each company brings unique strengths and growth prospects, catering to different investor interests. As these IPOs hit the market, they are expected to attract substantial attention and participation, reflecting the continued vibrancy of the IPO landscape.
Disclaimer: The recommendations, suggestions, views, and opinions expressed by the experts are their own and do not reflect the views of OSTP Media.
Read More: OSTP Media | Tech, Auto, and Trending News