Credo Brands Marketing Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹266 - ₹280
- Lot size
- 53 shares
- Issue amount
- ₹549.48 cr
- Total subscription
- 51.85×
- Opens
- 19 Dec 2023
- Closes
- 21 Dec 2023
- Allotment
- 23 Dec 2023
- Listing
- 27 Dec 2023
Offer at a glance
Issue overview
- Issue size
- 1,96,34,960 shares
- Face value
- ₹2 per share
- Minimum investment
- ₹14,098
- Fresh issue
- ₹0 cr
- Offer for sale
- ₹549.48 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,840
- Issue type
- Book Built Issue IPO
- Shares before issue
- 6,43,01,880
- Shares after issue
- 6,43,01,880
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 53 | ₹14,840 |
| sHNI | 14 | 742 | ₹2,07,760 |
| bHNI | 68 | 3,604 | ₹10,09,120 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 109.96 | 11,539.86 |
| RETAIL | 192.42 | 1,514.45 |
| NIB | 82.47 | 4,578.11 |
| HNIs 2+ | 27.49 | 1,514.45 |
| HNIs 10+ | 54.98 | 3,063.67 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 0.54 |
| ROE | 29.98 |
| ROCE | 28.16 |
| RONW | 29.98 |
| PRE IPO(PE) | 23.22 |
| POST IPO(PE) | 23.23 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 1999, Credo Brands Marketing Limited is known for its men’s casual clothing brand “Mufti”. The brand started in 1998 with only shirts, T-shirts and trousers, and now offers a wide variety including jeans, cargos, chinos, sweatshirts, jackets, blazers and sweaters. Mufti provides different styles such as relaxed vacation wear, everyday casuals, urban wear, party wear and athleisure. As of May 31, 2023, the company has 1,773 retail outlets across India, including 379 exclusive brand stores, 89 large format stores and 1,305 multi-brand outlets. The brand has a design team of 15 members who created over 1,348 designs in FY23.
Promoters
Kamal Khushlani
Poonam Khushlani
Registrar & documents
Lead manager
Dam Capital Advisors Limited, ICICI Securities Limited, Keynote Financial Services Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
B-8, MIDC Central Road, Marol, Next to MIDC Police Station Andheri (E), Mumbai - 400093,
+91 22 6141 7200
[email protected]Company website ↗Understanding MUFTI IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.