Brainbees Solutions, parent company of kidswear brand FirstCry, filed draft papers for IPO on Thursday. The offer comprises fresh issue worth ₹1,816 crore, and an offer for sale. Existing investors will sell up to 5.44 crore shares, with Mahindra & Mahindra (M&M) selling over 28 lakh shares, representing 0.58% of its stake in Brainbees.