Firstcry IPO Listing Today: Strong Market Debut Expected with 17% Gains—Here’s What You Need to Know

Firstcry, the popular baby and kids’ products brand, is set to list its shares today, August 13, 2024. Here’s a quick guide to what’s happening and what experts predict:

1. Listing Details:
   • Date: August 13, 2024.
   • Stock Exchanges: BSE and NSE, listed in the B category.
     
2. Expected Gains:
   • Premium: Experts predict that Firstcry shares may open at a 15% to 18% premium.
   • Market Sentiment: The mood in the stock market is positive, contributing to the optimistic outlook for Firstcry’s debut.
     
3. Grey Market Premium (GMP):
   • Current GMP: ₹80, which suggests that Firstcry shares might list at around ₹545, giving investors about a 17% profit on their investment.
     
4. Expert Opinions:
   • Avinash Gorakshkar, Profitmart Securities: Predicts a strong debut due to favorable market conditions and decent investor interest.
   • Akriti Mehrotra, StoxBox: Advises caution, though anticipates an initial premium of 15% to 18%.

In Summary: Firstcry’s IPO is expected to have a strong start, with experts suggesting that investors could see up to a 17% gain on the first day of trading.