FirstCry, a Softbank-backed company and parent BrainBees, is set to withdraw its $500 million IPO papers after facing regulatory scrutiny. The company initially filed papers with SEBI in December for an IPO that would have been one of India's largest this year. However, due to regulatory demands for more detailed financial disclosures, including at least 25 key performance indicators (KPIs) of which only 5-6 were initially provided, FirstCry is now planning to refile the IPO with complete details in the coming days, as reported by Moneycontrol. The company is expected to list around July or August.