The Securities and Exchange Board of India (SEBI) has approved the initial public offering (IPO) plans for FirstCry and Unicommerce. Here are the details:
FirstCry:
Parent company: Brainbees Solutions Ltd.
IPO size: Fresh issue of equity shares up to ₹1,816 crore (approximately $240 million).
Utilization of proceeds: Funding new modern stores under the ‘BabyHug’ brand, setting up a warehouse in India, lease payments for existing stores, and investment in subsidiary Digital Age for FirstCry brand expansion.
Selling shareholders include SVF Frog (Cayman), Mahindra & Mahindra (M&M), and others.
Book Running Lead Managers: Kotak Mahindra Capital, Morgan Stanley, BofA Securities, JM Financial, and Avendus Capital.

Unicommerce:
Received final observation letter from SEBI on June 28.
Purely an offer-for-sale (OFS) IPO worth ₹490 crore (approximately $65 million).
Both companies are set to list on the stock exchanges.