At the upper price band of Rs 549, FirstCry’s stock is expected to list at an 18% premium to the issue price. The IPO was oversubscribed by over 12 times on the final day. Before the issue opened, the company raised Rs 1,886 crore from 71 anchor investors, including SBI Mutual Fund, ICICI Prudential, HDFC Mutual Fund, Kotak Mahindra, Government of Singapore, ADIA, and Goldman Sachs.
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