Hello, In the latest season of IPOs, FirstCry had a blockbuster debut. At the end of the first day of listing, parent Brainbees Solutions saw its market capitalisation jump to $4.1 billion, while its shares gained 44.
8%. The omnichannel retailer made a strong gain at the opening, with its stock price touching Rs 651 apiece and rose to a high of Rs 707.70 apiece before closing at Rs 673.
50 per share on NSE. Similarly, shares jumped nearly 9% on the first trading day. The SoftBank-backed firm’s stock opened at Rs 235 per share on the NSE, marking a 117.
6% premium over its issue price of Rs 108. Moving on to the unicorns, joins the club! The electric two-wheeler maker raised Rs 600 crore ($71 million) shortly after its rival, Ola Electric’s stock market debut, at a valuation of $1.3 billion (Rs 10,900 crore).
Forbes’ next-billion dollar startups! In other news, the Telecom Regulatory Authority of India has directed service providers to stop from unregistered callers and blacklist them as TRAI looks to tackle a surge in spam and phishing calls. Spammers—be aware, you will be backlisted! Lastly, meet the “zombie star” or —one of a handful of supernovas documented before the invention of telescopes that has puzzled astronomers for centuries. In today’s newsletter, we will talk about Here’s your trivia for today: Who was the first American astronaut to orbit the Earth? News Cosmetics and fashion marketplace Nykaa posted a 120% rise in quarterly profit after tax,.