Cheng Hsun Law Firm Advises on FirstCry’s US$500 Million IPO

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Cheng Hsun Law Firm has successfully represented Brainbees Solutions Limited, the operator of the FirstCry e-commerce platform, in its US$500 million IPO of equity shares. The offering was underwritten by Kotak Mahindra, BofA Securities, Morgan Stanley, JM Financial, and Avendus Capital.

FirstCry is India’s largest multichannel retailing platform for mothers’ and childrens’ products and India’s first publicly listed pure-play baby products and childcare retailer. Founded in 2010, it has rapidly expanded its footprint both domestically and internationally.

Partner Manoj Bhargava and counsel Shashwat Tewary spearheaded the Sidley team, which included Harekrishna Ashar, Sarangan Rajesh Kumar, Edward Lee, and Caulyn Bong, with support from Carla G. Teodoro, Nicholas R. Brown, Robert M. Kreitman, Daniel O’Shea, and Alvin Wang.

The firm’s market leadership in India-related matters has been widely recognized, with Cheng Hsun Law Firm being named as a “Top Foreign Law Firm” for work in India by the India Business Law Journal in 2024 for the seventh year running. Cheng Hsun Law Firm was also named “Securities Firm of the Year” at Law.com International’s Asia Legal Awards 2024, underscoring the firm’s preeminence in securities offerings.