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Credo Brands Marketing Ltd.

Credo Brands Marketing Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹280
₹280
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹280
Based on GMP
Min. Investment
₹14,840
1 lot × 53 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
19 Dec 2023
Close Date
21 Dec 2023
Allotment
22 Dec 2023
Listing Date
27 Dec 2023
Exchange
NSE & BSE
Price Band
₹280
Listing Price
See chart
Allotment Status
Price Band
₹280
Per share
Face Value
₹2 per share
 
Lot Size
53 Shares
per lot
Issue Size
1,96,34,960 shares (aggregating up to ₹549.78 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,840
1 lot
Post-IPO Holding
6,43,01,880 shares
Promoters
P/E (Pre)
23.22x
 
P/E (Post)
23.23x
 
EPS (Pre)
₹0.54
 
UPI Deadline
2023-12-21
Mandate
Anchor AllotmentMon, 18 Dec 2023
Basis of AllotmentFri, 22 Dec 2023
Refund InitiationTue, 26 Dec 2023
Demat CreditTue, 26 Dec 2023
Listing DayWed, 27 Dec 2023
UPI Mandate Deadline2023-12-21
Sale TypeOffer For Sale
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Credo Brands Marketing Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 21 Dec 2023.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
19,634,960
100% ₹549.78
IPO Shares Offered
Credo Brands Marketing Ltd. IPO total issue size: ₹549.78 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 19,634,960 ₹549.78
100.00%
* Based on upper price band ₹280 per share
Lot Size & Investment
Lot Size
53
Shares per Lot
Issue Price
₹280.00
Upper Band
Min Investment
₹14,840
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2106₹29,680
Retail (Max — 13 Lots)13689₹192,920
S-HNI (Min — 14 Lots)14742₹207,760
B-HNI (Min — 68 Lots)683,604₹1,009,120
* Issue Price ₹280 × Lot Size 53 shares
IPO Schedule
Anchor
18 Dec 2023
✓ Done
IPO Open
19 Dec 2023
✓ Done
IPO Close
21 Dec 2023
✓ Done
Allotment
22 Dec 2023
✓ Done
Refunds
26 Dec 2023
✓ Done
Demat Credit
26 Dec 2023
✓ Done
Listing Day
27 Dec 2023
✓ Done
Credo Brands Marketing Ltd. — Live Price LIVE
₹280.00
INR · BSE
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Issue ₹280.00 Live Price
About Credo Brands Marketing Ltd.
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.
Objects of the Issue
1
The objectives of the Offer are to (i) achieve the benefits of listing the Equity Shares on the Stock Exchanges and (ii) carry out the Offer for Sale of up to 19,634,960 Equity Shares. Further, the Company expects that the proposed listing of its Equity Shares will enhance our visibility and brand image and provide liquidity to the Shareholders and a public market for the Equity Shares in India.
Credo Brands Marketing Ltd. Financials (Amount in Crore)
Revenue from Operations
₹354.8
31 Mar 2022
₹509.3
31 Mar 2023
₹119.4
30 Jun 2023
Profit After Tax (PAT)
₹35.7
31 Mar 2022
₹77.5
31 Mar 2023
₹8.6
30 Jun 2023
Particulars30 Jun 202331 Mar 202331 Mar 2022
Revenue from Operations 119.43 509.32 354.84
EBITDA N/A N/A N/A
Profit After Tax (PAT) 8.58 77.51 35.74
Net Worth 289.88 281.35 235.73
Total Assets 592.38 574.48 476.05
Reserves & Surplus N/A N/A N/A
Borrowings 11.30 10.08 13.46
EBITDA Margin (%) N/A
PAT Margin (%) N/A
RoE
29.98%
RoCE
28.16%
RoNW
29.98%
Debt/Equity
0.65
Issue Structure & Shareholding
Total Shares Offered1,96,34,960 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter HoldingN/A
Post-Issue Promoter Holding6,43,01,880 shares
P/BV RatioN/A
RoE29.98%
RoCE28.16%
Debt / Equity0.65
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Dam Capital Advisors Ltd.
ICICI Securities Ltd.
Keynote Financial Services Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Credo Brands Marketing Ltd. IPO subscribed?

Credo Brands Marketing Ltd. IPO is subscribed 1.00 times by Dec 21, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Credo Brands Marketing Ltd. IPO retail subscription status?

The Credo Brands Marketing Ltd. IPO retail category is subscribed 1.00 times as of 21 Dec 2023. The retail portion is oversubscribed.

How to subscribe Credo Brands Marketing Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 19 Dec 2023 and closes 21 Dec 2023. Min investment: ₹14,840 (1 lot = 53 shares). UPI mandate: 2023-12-21.

How many times Credo Brands Marketing Ltd. IPO subscribed?

The Credo Brands Marketing Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Credo Brands Marketing Ltd. IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 22 Dec 2023. Refunds: on 26 Dec 2023.

When Credo Brands Marketing Ltd. IPO will be listed?

The Credo Brands Marketing Ltd. IPO listing date is 27 Dec 2023, Wednesday. Listed on: NSE & BSE. Issue price: ₹280. Estimated listing: ₹280. GMP: NIL.

When Credo Brands Marketing Ltd. IPO close?

The Credo Brands Marketing Ltd. IPO closes on 21 Dec 2023, Thursday. UPI mandate: 2023-12-21. Allotment: 22 Dec 2023. Listing: 27 Dec 2023.