SoftBank-backed FirstCry, Unicommerce get SEBI approval for IPO FirstCry and Unicommerce, both SoftBank-backed companies, have received final SEBI approval for their IPOs. FirstCry refiled its IPO papers in April after initial concerns from SEBI regarding disclosed metrics. The IPO includes a fresh issue of equity shares up to Rs 1,816 crore and an OFS of up to 54,391,592 shares. FirstCry reported Rs 4,814 crore in revenue and Rs 278 crore in net losses until Q3 FY24. Meanwhile, Unicommerce plans an OFS of up to 2,98,40,486 shares. SEBI's recent approvals include Ola Electric, reflecting a surge of internet companies entering India's stock market. #Entrackr #News #Startup #StartupNews #IndianStartup #FirstCryIPO #UnicommerceIPO #SoftBankBacked #IndianStockMarket https://entrackr.com/2024/07/softbank-backed-firstcry-unicommerce-get-sebi-approval-for-ipo/

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