Linklaters advised a syndicate of five banks on the US$500m Rule 144A/Reg S IPO of Brainbees Solutions Limited (Brainbees). This transaction marks the first pure-play baby products and childcare retailer to go public in India.
Brainbees is India’s largest multi-channel retailing platform for maternity and children’s products, operating under the widely recognised FirstCry brand. Founded in 2010, the company has grown rapidly and has become a leading player in the Indian e-commerce market.
The IPO attracted strong interest from retail and institutional investors, signaling strong confidence in the growth potential for baby and child products in the world’s most populous country.
The book running lead managers in this transaction include Kotak Mahindra Capital Company Limited, BofA Securities India Limited, Morgan Stanley India Company Private Limited, JM Financial Limited, and Avendus Capital Private Limited.
The Linklaters team was led by Partner and Head of India Practice Amit Singh, with support from counsel Joseph Wolpin and managing associate Anandee Banerji.
Linklaters has a well-established Indian capital markets practice, renowned for offering technical expertise and commercial awareness to provide innovative solutions. With one of the largest teams focused on the India market, the firm has recently been involved in several significant equity offerings across diverse sectors, with the most recent one being Ola Electric Mobility’s IPO, one of the largest Indian IPOs this year.
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