Credo Brands IPO Allotment Date, Price, GMP, Details

Explore Credo Brands (Mufti Menswear) IPO: Priced at Rs. 266 - Rs. 280 per share, opening on Dec 19, 2023. Allotment Date Dec 22, 2023 and listing on Dec 27, 2023.

19. Dec 2023
Credo Brands IPO Allotment Date, Price, GMP, Details

Credo Brands Marketing Limited is geared to launch its IPO, scheduled to run from December 19th to December 21st, 2023. Renowned for its specialization in men’s casual wear under the widely recognized brand name ‘Mufti’, the company is set to offer 19,634,960 shares through an Offer-for-Sale (OFS), valued at Rs. 549.78 crores. 

The share allotment is slated for December 22nd, with the IPO earmarked for listing on December 27th across various stock exchanges. The price band for the IPO stands between Rs. 266 to Rs. 280 per share, while the lot size is fixed at 53 shares.

DAM Capital Advisors Limited, ICICI Securities Limited, and Keynote Financial Services Limited are spearheading this IPO as the book-running lead managers, while Link Intime India Private Limited has been appointed as the registrar.



About Credo Brands (Mufti Menswear)

Credo Brands Marketing Limited is a prominent retailer specializing in men's casual wear and accessories under the widely recognized brand 'Mufti'. Their product range encompasses an array of shirts, t-shirts, jeans, chinos, sweatshirts, jackets, blazers, and more, catering to diverse occasions and appealing to a youthful demographic.

Distinctively categorized into relaxed holiday casuals, authentic daily casuals, urban casuals, party wear, and athleisure, the company offers versatile collections suitable for year-round wear. Notably, Credo Brands Marketing focuses solely on retail and does not engage in clothing manufacturing.

The company boasts a robust nationwide presence, operating in major metro areas, Tier 1, Tier 2, and Tier 3 cities. With a sprawling distribution network comprising 1773 retail stores, including exclusive brand outlets (EBOs), large format stores (LFSs), and multi-brand outlets (MBOs), Credo Brands Marketing extends its reach to a wide customer base. Moreover, the company has an established online presence, further expanding its accessibility and sales channels.

Credo Brands IPO Allotment Date

Credo Brands Limited is gearing up for its IPO scheduled to be available for subscription from December 19th to December 21st, 2023. Allocation of shares is set for December 22nd, 2023, with the IPO slated for listing on the stock exchanges on December 27th, 2023.

Credo Brands IPO Timeline

IPO Open Date 19th December 2023 (Tuesday)
IPO Close Date 21st December 2023 (Thursday)
Allotment Date 22nd December 2023 (Friday)
Initiation of Refunds 26th December 2023 (Tuesday)
Credit to Demat Account 26th December 2023 (Tuesday)
Listing Date 27th December 2023 (Wednesday)
Deadline for UPI mandate confirmation 5 PM on 21st December 2023 (Thursday)


Credo Brands IPO Details

IPO Date December 19, 2023 to December 21, 2023
Listing Date 27th December 2023
Face Value Rs. 2 per share
Price Band Rs. 266 to Rs. 280 per share
Lot Size 53 Shares
Total Issue Size 19,634,960 shares (aggregating up to Rs. 549.78 Cr)
Offer for Sale 19,634,960 shares of Rs. 2 (aggregating up to Rs. 549.78 Cr)
Issue Type Book Built Issue IPO
Listing At NSE and BSE
Share holding pre issue 64,301,880
Share holding post issue 64,301,880


Credo Brands Marketing Limited Financial Information (Restated Consolidated)

Credo Brands Marketing Limited observed a significant surge in revenue, marking a remarkable increase of 43.54%. Concurrently, the company's profit after tax (PAT) experienced substantial growth, soaring by an impressive 116.88% between the fiscal years concluding on March 31, 2023, and March 31, 2022.

Period Ended 30 Jun 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 592.38 574.48 476.05 416.99
Revenue 119.43 509.32 354.84 261.15
Profit After Tax 8.58 77.51 35.74 3.44
Net Worth 289.88 281.35 235.73 192.33
Reserves and Surplus        
Total Borrowing 11.30 10.08 13.46 15.23
Amount in Rs. Crore


Credo Brands IPO FAQs

What is Credo Brands IPO?

The Credo Brands (Mufti Menswear) IPO constitutes a main-board offering, presenting 19,634,960 equity shares with a face value of Rs. 2 each, accumulating to Rs. 549.78 Crores. Priced within the range of Rs. 266 to Rs. 280 per share, the minimum order quantity stands at 53 shares. The IPO subscription window is set to open on December 19, 2023, and conclude on December 21, 2023.

When Credo Brands IPO will open for apply?

The Credo Brands IPO is scheduled to open for application on December 19, 2023.

What are the minimum lot size and investment needed for participating in the Credo Brands IPO?

The Credo Brands IPO mandates a minimum lot size of 53 shares, necessitating an investment totaling Rs. 14,098.

When is Credo Brands IPO allotment date?

The allotment date for the Credo Brands IPO is expected to be finalized on Friday, December 22, 2023.

What is the Credo Brands IPO listing date?

The Credo Brands IPO is anticipated to be listed on the NSE and BSE platform with a tentative listing date set for Wednesday, December 27, 2023.

What is the price band of Credo Brands IPO?

The price band for the Credo Brands IPO is set between Rs. 266 to Rs. 280 per share.

Note - We can not guarantee that the information on this page is 100% correct. Some article is created with help of AI.


Downloading any Book PDF is a legal offense. And our website does not endorse these sites in any way. Because it involves the hard work of many people, therefore if you want to read book then you should buy book from Amazon or you can buy from your nearest store.


No comments has been added on this post

Add new comment

You must be logged in to add new comment. Log in
Rishabh Sinha
Check Information about technical products, Books, latest launched products and more.
Information, Tech News
Gaming Blog
Game Reviews, Information and More.
Learn Anything
Factory Reset
How to Hard or Factory Reset?
Books and Novels
Latest Books and Novels
Osclass Solution
Find Best answer here for your Osclass website.
Check full Information about Electronic Items. Latest Mobile launch Date. Latest Laptop Processor, Laptop Driver, Fridge, Top Brand Television.
Pets Blog
Check Details About All Pets like Dog, Cat, Fish, Rabbits and More. Pet Care Solution, Pet life Spam Information
Lately commented
Excellent post. I am facing a few of these issues as well..
Non-Health Reasons Your Cat Ha...