Credo Brands Marketing Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹74(26.43%)
Premium (ELP)
Following its successful public offering, Credo Brands Marketing Limited's made its market debut on Dec 27, 2023 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 1,96,34,960 Shares in total capital, including TBD in primary equity infusion and ₹549.48 Cr in secondary share sales.
The offering was structured with a price band of ₹266 to ₹280 and minimum investment lots of 53 shares. Investor participation during the subscription window from Dec 19, 2023 to Dec 21, 2023 demonstrated market confidence in the company's prospects.
The allotment process concluded on Dec 23, 2023, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1999, Credo Brands Marketing Limited is known for its men’s casual clothing brand “Mufti”. The brand started in 1998 with only shirts, T-shirts and trousers, and now offers a wide variety including jeans, cargos, chinos, sweatshirts, jackets, blazers and sweaters. Mufti provides different styles such as relaxed vacation wear, everyday casuals, urban wear, party wear and athleisure. As of May 31, 2023, the company has 1,773 retail outlets across India, including 379 exclusive brand stores, 89 large format stores and 1,305 multi-brand outlets. The brand has a design team of 15 members who created over 1,348 designs in FY23.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Kamal Khushlani
- Poonam Khushlani
Credo Brands Marketing Limited
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