Kumar Bahukhandi
Ratan Tata Share Price: There is a lot of movement in the shares of Brainbees Solutions Pvt Ltd, the parent company of online e-commerce platform FirstCry. The company’s shares rose by about 8 percent to Rs 683.90 on the BSE index. After this, profit booking took place and at the end of the trading, the stock closed at Rs 672.90 with a gain of 4.54 percent.
Let us inform you you that the late Ratan Tata had a major stake in Brainbees Solutions Limited. He had invested Rs 66 lakh in this company. The late Tata had bought 77,900 shares of FirstCry Company in the year 2016.
The IPO of this company came in the month of August. This IPO got 12.22 times subscription on the last day of bidding. The company raised Rs 4,194 crore through the IPO. For this, the issue price of the company’s shares was between 440-465.
Ratan Tata Share Price: The company earned this much this year
According to the company, it will use the money raised from the IPO to open Baby Hug brand stores, invest in companies, expand abroad and for sales. Operating revenue has increased by 15 percent in FY 2024.
The total income of the company in this financial year was Rs 6,481 crore. While the loss during this period was 34 percent less. The company suffered a loss of 321 crores in this financial year.
Know in which sector the company works
Let us tell you that Brainbees Solutions is considered to be the largest retail platform for infants and newborns in India, UAE and Saudi Arabia. The company sells all products including toys, clothes, diapers, baby gear in a single store to meet the needs of infants and children.
