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Tanushree Jaiswal Tanushree Jaiswal

Last Updated: 7th August 2024 - 11:54 am

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Brainbees Solutions (FirstCry) IPO - Day-1 Subscription at 0.11 times

Brainbees Solutions (FirstCry) IPO will close on 8th Aug. Shares of Brainbees Solutions will likely be listed on 13 August on BSE, NSE platform. As of 6th August 2024, Brainbees Solutions (Firstcry) IPO received bids for 54,38,272 shares less than the 4,96,39,004 shares offered. It means Brainbees Solutions's IPO was subscribed 0.11 times by the end of day 1.

Here are the subscription details for Brainbees Solutions (Firstcry) IPO as of Day 1 (6th August 2024 at 5.41 pm): 

Employees (1.83X.) QIBs (0.00 X)

HNI / NII (0.08X)

Retail (0.47X)

Total (0.11X)

Brainbees Solutions IPO subscription was mainly driven by Retail investors on day 1, followed by HNI / NII investors, QIBs did not show interest on day 1. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companie

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