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Pune-based FirstCry.com (BrainBees Solutions Ltd.) is expected to file its red herring prospectus (RHP) this week for an initial public offering (IPO) that values the omnichannel marketplace at $3-3.5 Bn

"FirstCry will launch its IPO for subscription officially from this week, and wants to close it before August 15," a source told ET, adding that it has received strong interest from institutional investors for its anchor book.

Earlier this month, the Securities and Exchange Board of India (SEBI) approved the initial public offerings of FirstCry.

FirstCry's offer size remains consistent with its draft IPO papers, totalling INR 1,816 Cr for the primary fundraise. The IPO will also include an offer-for-sale (OFS) component of up to 5.4 Cr equity shares.

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