Firstcry articles
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FirstCry to refile IPO papers post Sebi order
FirstCry, an omnichannel retailer for baby and mother care products, is likely to refile its draft initial public offering (IPO) papers with the Securities and Exchange Board of India (Sebi), following the regulator’s queries over the lack of adequate disclosure in key performance indicators (KPI), said people familiar with the matter.The SoftBank-backed firm is expected to make changes in the coming weeks and refile the draft IPO papers with the latest financials, as of March 2024, they...
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FirstCry CEO Supam Maheshwari saw 49% drop in monthly pay in April-December 2023
Supam Maheshwari, cofounder and CEO of IPO-bound mother and childcare e-commerce platform FirstCry, saw a 49% drop in monthly remuneration to Rs 8.61 crore for the first nine months of FY24, according to the company’s draft red herring prospectus (DRHP).Maheshwari's total remuneration for the nine months until December 31, 2023, was Rs 77.5 crore, down from Rs 200.7 crore for the whole of FY23.Sanket Hattimattur, also a cofounder, saw a decrease in pay, receiving Rs 8.33 crore in the same...