​May 6 Brainbees Solutions Ltd, the parent firm of online e-commerce platform FirstCry, has re-filed preliminary papers with Sebi to raise funds through an initial public offering, an update with the markets regulator showed on Monday.
Firstcry Ipo: FirstCry s CEO Maheshwari saw a 49% compensation drop. The company plans an IPO, approaching SEBI. Employee benefits decreased, with a Rs 23,000 crore valuation and an expected IPO of $3.5-3.75 billion.
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FirstCry s CEO, Supam Maheshwari, saw a 49% pay reduction to Rs 8.61 crore in FY24. Cofounder Sanket Hattimattur s pay also decreased. Maheshwari sold 6.2 million shares before the IPO.