Cricket legend Sachin Tendulkar has turned his investment in FirstCry into a significant profit following the company’s strong listing on August 12. The stock debuted at Rs 651, closing at Rs 673.45, a 45% premium over its issue price.
Here’s a breakdown of the earnings:
- Initial Investment: Sachin Tendulkar, along with other investors like Harsh Mariwala and Ranjan Pai, initially bought shares at Rs 487.44, facing a potential 10% loss when the IPO price was set between Rs 440-465.
- Post-Listing Value: With the stock closing at Rs 673.45, Tendulkar’s investment saw a 38% gain. His initial Rs 9.99 crore investment is now valued at Rs 13.82 crore.
Other notable investors, like Ratan Tata, also saw impressive returns. Tata’s shares, initially acquired at Rs 84.72 each, could have earned him up to seven times his investment at the listing price. Mahindra & Mahindra, another major stakeholder, now holds shares worth Rs 3,403 crore, a significant increase from their initial Rs 389 crore investment.
Additional Details:
- Mahindra & Mahindra: Sold 28.06 lakh shares in the Offer For Sale (OFS) and continues to hold a substantial stake.
- Supam Maheshwari and SoftBank: Sold part of their holdings in a pre-IPO round in 2023.
- Other Investors: Ranjan Pai’s family office, Sharp Ventures, and Kris Gopalakrishnan’s family office also made notable investments.
FirstCry’s IPO included a fresh issue of Rs 1,666 crore and an OFS valued at Rs 2,527.72 crore, leading to a total issue size of Rs 4,187.72 crore. The company’s market cap now stands at Rs 34,964 crore.
