Tata had invested Rs 66 lakh in FirstCry in 2016, and his stake is now worth about Rs 7 crore.

The company is planning to raise Rs 1,816 crore through the IPO, and other investors, such as SoftBank and Mahindra & Mahindra, are also selling their shares.

The money from the IPO will be used to expand FirstCry’s stores in India and Saudi Arabia.

The company currently has 350 stores in India and plans to open 100 more in the next two years. It also plans to open 50 stores in Saudi Arabia over the next three years.

FirstCry is a leading online and offline retailer of baby products in India.

The company was founded in 2010 and has grown rapidly in recent years.

It is now backed by some of the biggest names in Indian business, including Tata Sons, SoftBank, and Mahindra & Mahindra.

The FirstCry IPO is expected to be one of the biggest in India this year.

The company is expected to be valued at Rs 8,000 crore after the IPO.

In a move that could signal a shift in India’s baby products market, FirstCry’s parent company, BrainBees Solutions, has filed its IPO papers.

This comes just weeks after it was announced that Tata Sons chairman emeritus Ratan Tata would be selling his entire stake in the company through the IPO.

Now, it appears that SoftBank and Mahindra & Mahindra, two other major investors in FirstCry, will also be following suit.

This news comes amidst reports of FirstCry’s revenue growing in FY23, but the company also made a net loss.

This suggests that while the baby products market is still growing, there may be some challenges ahead for FirstCry.

The company plans to use the proceeds from the IPO to open new stores and expand overseas, particularly in Saudi Arabia.

However, it remains to be seen whether these plans will be enough to turn FirstCry profitable in the long run.

Ratan Tata’s exit from FirstCry is particularly noteworthy, given his long history of investing in successful Indian businesses.

His decision to sell his shares could be seen as a sign of his lack of confidence in the company’s future prospects.

SoftBank and Mahindra & Mahindra’s decision to sell their stakes also raises questions about their commitment to FirstCry.

The upcoming IPO will be a closely watched event, as it will provide valuable insights into the health of India’s baby products market.

If FirstCry is able to raise a significant amount of money, it could be a sign that the market is still full of potential.

However, if the IPO is met with a lukewarm investor response, it could indicate that FirstCry is facing some serious headwinds.

Only time will tell what the future holds for FirstCry.

However, one thing is clear: the upcoming IPO is a pivotal moment for the company, and its success or failure could have a major impact on the Indian baby products market.

In addition to the information from the new article, this blog post also incorporates some of the key points from the previous article about Ratan Tata selling his shares in FirstCry.

This helps to provide a more complete picture of the situation and gives readers a better understanding of the potential implications of the upcoming IPO.