16 May 2022, Mumbai:
Firstcry halts IPO plans as volatility continues.
DRHP filing is deferred by at least a month or two.
ALSO READ FirstCry goes ahead with IPO plans
May recalibrate issue size and valuation it would seek.
RELEVANT NEWS NIIF-FirstCry proposed deal
E-Commerce firm Firstcry will delay its planned one billion initial public offering by a few months according to people in the know who said the cautious approach by Softbank backed e-tailer followed the muted response last week to new economy issues, like that of logistics player Delhivery as well as broader headwinds in global markets.
The Pune base etailer had finalized plans to file its draft IPO paper this month but is pulling back on the advice of its investors and bankers sources said.
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CREDITS: ET Dt 16-05-2022 (The news article has not been edited by DFU Publications staff).
