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 Name | Credo Brands Marketing Limited |
| Domain of Company | Clothing Brand |
| Credo Brands IPO GMP Today | ₹0.00 |
| Credo Brands IPO Listing Gain | 0.00% |
| Credo Brands IPO Open Date | December 19, 2023 |
| Credo Brands IPO Close Date | December 21, 2023 |
| Credo Brands IPO Allotment Date | December 22, 2023 |
| Credo Brands IPO Listing Date | December 27, 2023 |
| Face Value | ₹10 per share |
| Price | ₹266 to ₹280 per share |
| Lot Size | 53 Shares |
| Issue Size | 19,634,960 shares of ₹2 (aggregating up to ₹549.78 Cr) |
| Offer for Sale | 19,634,960 shares of ₹2 (aggregating up to ₹549.78 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Kamal Khushlani and Poonam Khushlani |
Credo Brands IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹0 | 0.00% | – | – |
| 17 December 2023 | ₹0 | 0.00% | – | – |
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.)
