IPO

If regulators approve an IPO of this size, it would be India's biggest ever after the government-owned Life Insurance Corporation of India raised $2.7 billion last year.

In its initial draft that it had filed last December, SEBI had raised concerns about key metrics of the startup that were not disclosed. Now, with the revised DRHP, FirstCry hopes to go ahead with the IPO plans.

This DRHP notably excludes any offer-for-sale (OFS) component, instead targeting a pre-IPO round to secure Rs 140 crore.