Credo Brands Marketing Limited IPO
- IPO Date19 Dec, 2023 to 21 Dec, 2023
- Listing Date27 Dec, 2023
- Face Value₹2 per share
- Issue Price₹266 to ₹280 per share
- Lot Size53 Shares
- Minimum Investment₹14,840
- Listing AtBSE, NSE
- Total Issue Size1,96,34,960 Shares
(aggregating up to ₹549.78 Cr) - Fresh Issue1,96,34,960 Shares
(aggregating up to ₹549.78 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue6,43,01,880
- Shareholding post issue6,43,01,880
IPO Dates
Closing Date
21 Dec, 2023
Initiation of Refunds
26 Dec, 2023
Listing Date
27 Dec, 2023
19 Dec, 2023
Opening Date
22 Dec, 2023
Basis of Allotment
26 Dec, 2023
Credit of Shares
Credo Brands Marketing Limited Lot Size
Investors can bid for a minimum of 53 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | 67 | 3551 | ₹9,94,280 |
| Retail (Min) | 1 | 53 | ₹14,840 |
| B-HNI (Min) | 68 | 3604 | ₹10,09,120 |
| Retail (Max) | 13 | 689 | ₹1,92,920 |
| S-HNI (Min) | 14 | 742 | ₹2,07,760 |
Credo Brands Marketing Limited Promoter Holding
The Promoters of the company are Kamal Khushlani and Poonam Khushlani.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 66.66% | 53.66% |
Key Performance Indicator
Mufti Menswear IPO Market Cap is Rs 1800.45 Cr and P/E (x) is 23.22.
| KPI | Values |
|---|---|
| ROE | 29.98% |
| ROCE | 28.16% |
| RoNW | 29.98% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 23.22 | 0.54 |
| P/E (x) | 23.22 | 0.54 |
Credo Brands Marketing Limited COMPANY INFORMATION
Mufti Menswear IPO is a book built issue of Rs 549.78 crores. The issue is entirely an offer for sale of 1.96 crore shares. Mufti Menswear IPO bidding started from December 19, 2023 and ended on December 21, 2023. The allotment for Mufti Menswear IPO was finalized on Friday, December 22, 2023. Mufti Menswear IPO will be listed on BSE, NSE on December 27, 2023. Mufti Menswear IPO price band is set at ₹266 to ₹280 per share. The minimum lot size for an application is 53 Shares. The minimum amount of investment required by retail investors is ₹14,840. The minimum lot size investment for sNII is 14 lots (742 shares), amounting to ₹207,760, and for bNII, it is 68 lots (3,604 shares), amounting to ₹1,009,120. Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), ICICI Securities Limited and Keynote Financial Services Ltd are the book running lead managers of the Mufti Menswear IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Mufti Menswear IPO RHP for detailed information.
Incorporated in 1999, 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.
FAQs About Credo Brands Marketing Limited Ipo
Credo Brands Marketing Limited IPO will open on 19 Dec, 2023 and close on 21 Dec, 2023. Investors must apply within this period to participate.
The Credo Brands Marketing Limited IPO price band is set between ₹266.00 and ₹280.00 per share. The minimum lot size is 53, requiring an investment of at least ₹14840.00.
The Credo Brands Marketing Limited IPO shares are expected to be listed on 27 Dec, 2023, subject to regulatory approvals and final allotment.
You can track your Credo Brands Marketing Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Credo Brands Marketing Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.