BRAINBEES SOLUTIONS LIMITED INITIAL PUBLIC OFFERING TO OPEN ON TUESDAY, AUGUST 06, 2024

• Price Band fixed at ₹ 440 per Equity Share to ₹ 465 per Equity Share of face value of ₹2 each of Brainbees Solutions Limited (“Equity Shares”)  

• Anchor Investor Bidding Date: Monday, August 5, 2024 

• Bid /Offer Opening Date: Tuesday, August 6, 2024

• Bid/ Offer Closing Date: Thursday, August 8, 2024

• Bids can be made for a minimum of 32 Equity Shares and in multiples of 32 Equity Shares thereafter

• The Floor Price is 220 times and the Cap Price is 232.5 times the face value of the Equity Shares.

Mumbai: Brainbees Solutions Limited (the “Company”) proposes to open its initial public offering (“Offer”) on Tuesday, August 6, 2024. Bid/ Offer Closing Date will be Thursday, August 8, 2024. Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, that is, Monday, August 5, 2024. 

The Price Band of the Offer has been fixed from ₹440 per Equity Share to ₹465 per Equity Share. Bids can be made for a minimum of 32 Equity Shares and in multiples of 32 Equity Shares thereafter.

The Offer comprises of a Fresh Issue of equity shares aggregating up to ₹ 16,660.00 million (the “Fresh Issue”) and an offer for sale of up to 54,359,733 equity shares of face value ₹ 2 (the “Offer for Sale”). The Offer for Sale comprises of up to 46,814,458 Equity Shares of face value ₹ 2 each by corporate selling shareholders and up to 7,545,275 Equity Shares of face value ₹ 2 each by individual selling shareholders.

The Offer includes a reservation of certain equity shares of face value of ₹ 2 each, aggregating up to ₹ 30.00 million for subscription by eligible employees (“Employee Reservation Portion”). The offer less the Employee Reservation Portion is hereinafter referred to as the “Net Offer”.

The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”). The company has received in-principle approvals from BSE and NSE for the listing of the Equity Shares pursuant to their letters, each dated May 16, 2024.

Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, BofA Securities India Limited, JM Financial Limited and Avendus Capital Private Limited are the book running lead managers (“Book Running Lead Managers” or “BRLMs”) to the Offer.