FirstCry raises Rs 1,886 crore from anchor investors

Brainbees Solutions, which operates omnichannel kidswear brand FirstCry, closed the anchor portion of its initial public offering (IPO) on Monday, allocating shares worth Rs 1,885.80 crore to domestic and foreign investors, according to information published by the company.

Investors including the government of Singapore, Abu Dhabi Investment Authority, Nomura, Fidelity, SBI Blue Chip Fund, SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Mutual Fund, Goldman Sachs Funds, SBI Life Insurance, Nordea Asset Management, Max Life Insurance Company Limited, Norges Bank, PSP, and Carmignac, among others participated in the anchor investment round.