Daily BriefsIndia

Daily Brief India: BrainBees Solutions, Ola Electric and more

In today’s briefing:

  • Brainbees Solutions (FirstCry) IPO – Not Very Attractive but It Is Relatively Cheap
  • Ola Electric IPO- Forensic Analysis


Brainbees Solutions (FirstCry) IPO – Not Very Attractive but It Is Relatively Cheap

By Sumeet Singh

  • BrainBees Solutions is looking to raise up to US$500m in its upcoming India IPO.
  • FirstCry is India’s largest multi-channel retailing platform for Mothers’, Babies’ and Kids’ products in terms of GMV, for the year ending Dec 2022 (9M23), according to RedSeer.
  • In our previous notes, we looked at the company’s past performance. In this note, we will talk about valuations.

Ola Electric IPO- Forensic Analysis

By Nitin Mangal

  • Ola Electric (1700674D IN) is launching its IPO, consisting of fresh issue worth INR 5.5 bn and offer for sale upto 84.9 mn shares.
  • The company delivered its first electric scooter in December 2021, and since then it has grown immensely to become a market leader with a share of 35%.
  • As far as forensics go, one should look out for related party transactions with promoters, some accounting policies, constant losses, need for capex, trend of expenses, etc.

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