Credo Brands IPO GMP Today ( Grey Market Premium )

Credo Brands IPO GMP Today ( Grey Market Premium )

The Credo Brands IPO commenced on December 19, 2023, and concluded on December 21, 2023. The allotment of shares took place on December 22, 2023, and the initiation of refunds began on December 26, 2023. The shares were credited to the demat accounts of investors on December 26, 2023. Finally, the listing of Credo Brands on the stock exchange occurred on December 27, 2023.

The Credo Brands IPO was priced at ₹266 to ₹280 per share, with a lot size of 53 shares. The total issue size was ₹549.78 crores and an offer for sale of ₹549.78 crores. The IPO was listed on both the NSE and BSE.

In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.

Credo Brands IPO Basic Details

Company NameCredo Brands Marketing Limited
Domain of CompanyClothing Brand
Credo Brands IPO GMP Today₹0.00
Credo Brands IPO Listing Gain0.00%
Credo Brands IPO Open DateDecember 19, 2023
Credo Brands IPO Close DateDecember 21, 2023
Credo Brands IPO Allotment DateDecember 22, 2023
Credo Brands IPO Listing DateDecember 27, 2023
Face Value₹10 per share
Price₹266 to ₹280 per share
Lot Size53 Shares
Issue Size19,634,960 shares of ₹2
(aggregating up to ₹549.78 Cr)
Offer for Sale19,634,960 shares of ₹2
(aggregating up to ₹549.78 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE, BSE
Company PromotersKamal Khushlani and Poonam Khushlani

Credo Brands IPO GMP Today:

DateGMPListing GainKostakSubject to
17 December 2023₹00.00%

Credo Brands Marketing IPO Details:

Founded in 1999, Credo Brands Marketing Limited is the force behind the popular men’s casual clothing brand “Mufti.”

Back in 1998, the company focused on a limited range of products, including shirts, T-shirts, and trousers. Fast forward to today, and Mufti has expanded its offerings to include a diverse array of items such as sweatshirts, jeans, cargos, chinos, jackets, blazers, and sweaters. These products cater to various categories like relaxed vacation wear, authentic everyday attire, urban casual styles, party outfits, and athleisure.

Currently, the company boasts a network of 1,773 retail outlets across India as of May 31, 2023. This includes 379 exclusive brand stores (EBOs), 89 large format stores (LFSs), and 1,305 multi-brand stores (MBOs).

Catering to a wide audience, the company has a presence in major metropolitan areas as well as Tier 3 cities. As of March 31, 2023, March 31, 2022, and March 31, 2021, the company has established itself in 582, 598, and 569 cities, respectively.

As of May 31, 2023, the company’s design team, consisting of 15 members, successfully created and produced over 1,348 designs during the 2023 financial year.

Credo Brands IPO More Details Click Here

Credo Brands IPO FAQs

When is Credo Brands IPO open?

Credo Brands IPO will open on 19 December 2023.

When is Credo Brands IPO Close?

Credo Brands IPO will be closed on 21 December 2023.

What is Credo Brands IPO GMP Today?

The Credo Brands IPO GMP aka Grey Market Premium is ₹0.

What is Credo Brands IPO Kostak Rates Today?

The Credo Brands IPO Kostak Rate is ₹000.

What is Credo Brands IPO Subject to Sauda Price Today?

The Credo Brands IPO subject to sauda rates is ₹000.

Credo Brands IPO Expected Returns?

The Credo Brands expected return is 0.00%.

How much will be the listing gain in Credo Brands IPO?

Credo Brands IPO will get listing gain of 0.00%. (Approx.)

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