How Ratan Tata Gained Fourfold Benefit From Firstcry | Paisa Live

The kidswear startup FirstCry is set to launch its ₹4,194 crore IPO on August 6. With backing from SoftBank and Premji Invest, the company has set an issue price range of ₹440-465 per share. Meanwhile, billionaire businessman Ratan Tata is poised to make a substantial profit from his investment in the company. Tata, one of India’s most prominent investors, is expected to see a remarkable 448.9% multi-bagger return, translating to a profit of ₹2.96 crore. In 2016, Tata acquired a 0.02% stake in FirstCry for approximately ₹66 lakh. At the upper end of the IPO price band, he stands to gain around ₹3.62 crore. For more details, watch the full video.