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What Now After Strong Listings For FirstCry & Unicommerce eSolutions?

What Now After Strong Listings For FirstCry & Unicommerce eSolutions?

Sakshi Batra
Sakshi Batra
  • New Delhi,
  • Aug 13, 2024,
  • Updated Aug 13, 2024, 6:32 PM IST

Brainbees Solutions, known as Firstcry, listed at ₹651 on the NSE (up 40%) and ₹625 on the BSE (up 34%) against an issue price of ₹465 per share. The IPO, sized at ₹4,193.73 crore, was open from August 6 to August 8. The stock rose 13% post-listing to ₹707.05. Notable investors include Sachin Tendulkar and Anjali Tendulkar, who invested ₹10 crore for shares now worth ₹13.35 crore, and Ratan Tata, who invested ₹66 lakh for shares now worth ₹5.07 crore, realizing a 670% profit. Unicommerce eSolutions made an impressive debut on the NSE at ₹235, up 117.59%, and on the BSE at ₹230, up 112.96%, against the issue price of ₹108 per share. The IPO, with a size of ₹276.57 crore, was open from August 2 to August 6. The stock saw strong buying interest, initially rising 11% to ₹256 before falling below the issue price. What are the brokerage firms views on these two newly listed stocks? Catch Pawan Nahar on a detailed report

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