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Credo Brands Marketing Limited (Mufti)
Mainboard₹14,840 / 53 Shares
Credo Brands Marketing Limited (Mufti) IPO Details
The Credo Brands Marketing Limited (Mufti) IPO price band is set between ₹266-280 per equity share, with a face value of ₹2 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 19 Dec, 2023 and closes on 21 Dec, 2023. Investors can check the allotment status on 22 Dec, 2023, while the listing date is tentatively scheduled for 27 Dec, 2023.
The total issue size is OFS : 19,634,960 shares of ₹2, aggregating up to ₹549.78 Cr. Stay tuned for the latest Credo Brands Marketing Limited (Mufti) IPO review and GMP updates.
Credo Brands Marketing Limited (Mufti) IPO Review, Rating & Analysis
Credo Brands Marketing Limited (Mufti) IPO Review
NO REVIEWCredo Brands Marketing Limited (Mufti) IPO Rating
Credo Brands Marketing Limited (Mufti) IPO Highlights
IPO Date
Dec 19, 2023 - Dec 21, 2023
Listing Date
27 Dec, 2023
Face Value
₹2 Per Equity Share
Price Band
₹266-280 per equity share
Lot Size
53 Shares
Fresh Issue
Shares
Offer for Sale
19,634,960 shares of ₹2
Listing At
BSE, NSE
Credo Brands Marketing Limited (Mufti) IPO Lot Size
The minimum market lot for Credo Brands Marketing Limited (Mufti) IPO is 53 shares with an application amount of ₹14,840. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | ₹14,840 |
| Retail (Max) | 13 | 689 | ₹1,92,920 |
| S-HNI (Min) | 14 | 742 | ₹2,07,760 |
| S-HNI (Max) | 67 | 3551 | ₹9,94,280 |
| B-HNI (Min) | 68 | 3604 | ₹10,09,120 |
Credo Brands Marketing Limited (Mufti) IPO Timeline
Issue Price
₹266-280 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)ICICI Securities LimitedKeynote Financial Services LtdIssue Size
OFS : 19,634,960 shares of ₹2(aggregating up to ₹549.78 Cr)Credo Brands Marketing Limited (Mufti) IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 574.48 | 509.32 | 77.51 | - | - | - |
| 31 Mar 22 | 476.05 | 354.84 | 35.74 | - | - | - |
| 31 Mar 21 | 416.99 | 261.15 | 3.44 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Kamal Khushlani
- Poonam Khushlani
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 68.82% | 55.40% |
About Company
Credo Brands Marketing Limited offers casual clothing for men with its flagship brand Mufti.
In 1998, the company's product range consisted only of shirts, T-shirts and trousers. Today, however, the company offers a wide range of products including sweatshirts, jeans, cargos, chinos, jackets, blazers and sweaters. These products are available in different categories, e.g. relaxed casual wear for vacations, authentic everyday wear, urban casual wear, party wear and athleisure.
The company currently operates 1,773 retail outlets across India (as of May 31, 2023). These include 379 exclusive brand stores (EBOs), 89 large format stores (LFSs) and 1,305 multi-brand stores (MBOs).
The company's reach extends from major metropolitan areas to Tier 3 cities. As of March 31, 2023, March 31, 2022, and March 31, 2021, the company is present in 582, 598 and 569 cities, respectively.
As of May 31, 2023, the company's design team consisted of 15 members. They made it possible to create and produce more than 1,348 designs in the 2023 financial year.
Credo Brands Marketing Limited (Mufti) IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 3,926,992 | 2,945,244 1,963,496 981,748 | 6,872,236 | 12,744,472 |
Day 1 -19-12-23 05:00 PM | 0.01 x | 2.08 x x | 3.37 x | 2.13 x |
Day 2 -20-12-23 05:00 PM | 0.35 x | 11.48 8.72 x 17.00 x | 8.78 x | 6.95 x |
Day 3 -21-12-23 05:00 PM | 104.95 x | 55.50 55.73 x 55.06 x | 19.91 x | 51.84 x |
18.37 times
Frequently Asked Questions about Credo Brands Marketing Limited (Mufti) IPO
When will Credo Brands Marketing Limited (Mufti) IPO open for subscription?
The Credo Brands Marketing Limited (Mufti) IPO opens on 19 Dec, 2023 and closes on 21 Dec, 2023.
What is the investors portion for Credo Brands Marketing Limited (Mufti) IPO?
The investors' portion for QIB is 104.95 x, NII is 55.73 x, and Retail is 19.91 x.
How to apply for Credo Brands Marketing Limited (Mufti) IPO?
You can apply for Credo Brands Marketing Limited (Mufti) IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Credo Brands Marketing Limited (Mufti) IPO?
The issue size of Credo Brands Marketing Limited (Mufti) IPO is approx ₹OFS : 19,634,960 shares of ₹2(aggregating up to ₹549.78 Cr) crores.
What is the price band of Credo Brands Marketing Limited (Mufti) IPO?
The price band for Credo Brands Marketing Limited (Mufti) IPO is ₹266 to ₹280 per equity share.
What is the lot size of Credo Brands Marketing Limited (Mufti) IPO?
The minimum bid (lot size) for Credo Brands Marketing Limited (Mufti) IPO is N/A shares with an investment of approx ₹14,840 .
What is the allotment date of Credo Brands Marketing Limited (Mufti) IPO?
The allotment date for Credo Brands Marketing Limited (Mufti) IPO is 22 Dec, 2023.
What is the listing date of Credo Brands Marketing Limited (Mufti) IPO?
The listing date for Credo Brands Marketing Limited (Mufti) IPO is expected to be 27 Dec, 2023.
What is the GMP of Credo Brands Marketing Limited (Mufti) IPO?
The latest Grey Market Premium (GMP) for Credo Brands Marketing Limited (Mufti) IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.