The parent company of FirstCry, BrainBees Solutions, had a strong stock market listing, which greatly benefited existing investors like Ratan Tata and Sachin Tendulkar. The shares of the company were listed on the NSE at ₹651, which was 40% higher than the IPO price of ₹465. This impressive listing surprised many investors and brought significant profits to its existing shareholders.
Ratan Tata had invested ₹66 lakhs in this company. In 2016, he bought 77,900 shares of FirstCry at ₹84.72 per share. With the listing price of ₹651 per share, the value of his investment has now crossed ₹5 crores. Specifically, his 77,900 shares are now worth ₹5.07 crores, giving him a return of 670% on his investment.
Sachin Tendulkar also saw substantial gains from the strong listing of BrainBees Solutions. Tendulkar had purchased shares of the company at a price higher than the IPO price. The cricket legend made a profit of over ₹3.35 crores on his investment in the company. In October 2023, Sachin Tendulkar and his wife Anjali invested ₹10 crores in the company, buying slightly over 2.05 lakh shares at ₹487.44 per share.
On Tuesday, the company’s shares were listed at ₹651, increasing the value of Tendulkar’s investment to ₹13.35 crores. However, both celebrity investors are pre-IPO investors in the company and cannot redeem their investment until a month after the allocation date. As of Tuesday, the share price closed at ₹490.40, up by 0.28%.
