New Delhi: Mother and child care e-commerce platform FirstCry has refiled its draft red herring prospectus (DRHP) for an initial public offer (IPO) with the Securities and Exchange Board of India (SEBI), to raise Rs 1,816 crore via fresh issue of shares. According to the recent DRHP, the offer-for-sale (OFS) component in the IPO comprises shareholders selling 5.4 crore equity shares. The market regulator had earlier claimed that the startup failed to disclose certain significant indicators in its draft papers filed in December last year. The startup will utilise the fresh issue for investment in its subsidiaries and setting up of new modern stores under the brand name “BabyHug” and warehou
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