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IPO Credo Brands Marketing Ltd

  • Price Range

    ₹266 - ₹280

  • Min. Quantity

    53

  • Closes on

    21 December 2023

  • Min. investment

    ₹14,840/689 Shares

Credo Brands Marketing Ltd IPO Timeline

Credo Brands Marketing Ltd was incorporated as a private limited company in the name of Credo Brands Marketing Private Limited' in Mumbai, India dated April 29, 1999, issued by the RoC. Subsequently, the Company was converted from a private limited company to a public limited company dated May 11, 2023, consequent to which a fresh certificate of incorporation was issued by the RoC to Company and the name of Company was changed to Credo Brands Marketing Limited'.

EventDate
Credo Brands Marketing Ltd IPO Opening Date19 December 2023
Credo Brands Marketing Ltd IPO Closing Date 21 December 2023
Basis of Allotment22 December 2023
Initiation of Refunds26 December 2023
Credit of Shares to Demat26 December 2023
Credo Brands Marketing Ltd IPO Listing Date27 December 2023

Credo Brands Marketing Ltd IPO Details

Credo Brands Marketing Ltd IPO Date19 December 2023 to 21 December 2023
Credo Brands Marketing Ltd IPO Face Value2 per share
Credo Brands Marketing Ltd IPO Price266 to ₹280 per share
Credo Brands Marketing Ltd IPO Lot Size53
Issue SizeShares of ₹2 (aggregating up to ₹549.78 Cr)
Fresh IssueShares of ₹2 (aggregating up to ₹0 Cr)
Offer for SaleShares of ₹2 (aggregating up to ₹549.78 Cr)
Issue Type(Book Built Portion)
Listing At BSE, NSE
QIB Shares OfferedNot more than 39,26,992 of the Net Offer
Retail Shares OfferedNot less than 68,72,236 of the Net Offer
NII (HNI) Shares OfferedNot less than 29,45,244 of the Net Offer
Company PromotersKamal Khushlani, Poonam Khushlani

Credo Brands Marketing Ltd IPO Lot Size

The Credo Brands Marketing Ltd IPO lot size is 53 shares. A retail-individual investor can apply for up to 13 lots (689 shares or ₹1,92,920).

Application LotsSharesAmount
Minimum153₹14,840
Maximum13689₹1,92,920
  • Risks
  • Opportunities
  • Strong brand equity with presence across categories.
  • Multi-channel pan-India distribution network.
  • Scalable asset light model.
  • Strong in-house design competencies to deliver innovative and high-quality products with end-to-end tech-enabled supply chain capabilities
  • Financially stable business model.
  • Experienced Promoter and senior management team.

Company Financials

Credo Brands Marketing Ltd Financial Information (Restated)

Period Ended Total AssetsTotal RevenueProfit After Tax
03-2024709.87571.9459.16
03-2023574.48511.3277.45
03-2022476.03354.8333.75
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • Listing the Equity Shares on the Stock Exchanges

Credo Brands Marketing Ltd IPO Promoter Holding

Pre Issue Share Holding33.53%
Post Issue Share Holding27.3%

Credo Brands Marketing Ltd IPO Subscription Status (Bidding Detail)

The Credo Brands Marketing Ltd IPO is subscribed 51.85 times on 21 December 2023 05:00:00 PM. The public issue subscribed 19.94 times in the retail category, 104.95 times in the QIB category, and 55.52 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryQIBNIIRetailEmployeeTotal
Subscription (times)104.9555.5219.94-51.85

Credo Brands Marketing Ltd IPO Prospectus

Credo Brands Marketing Ltd IPO Listing Date

Listing Date27 December 2023
BSE Script 544058
NSE SymbolMUFTI
Listing In BSE, NSE
ISININE220Q01020
IPO Price280
Face Value2

Company Contact Information

Credo Brands Marketing Ltd
B-8 MIDC Central Road MarolNxt to MIDC Police Stn AnderiE,Mumbai-400093
Phone: +91 22 6141 7200
Email: investorrelations@mufti.in
Website: www.credobrands.in

Credo Brands Marketing Ltd IPO Registrar

Phone:+91 81081 14949
Email: credobrands.ipo@linkintime.co.in
Website: www.linkintime.co.in

Credo Brands Marketing Ltd IPO Lead Manager(s)

  1. DAM Capital Advisors Ltd
  2. ICICI Securities Ltd
  3. Keynote Financial Services Ltd

FAQ

What is the issue size of Credo Brands Marketing Ltd IPO?

Credo Brands Marketing Ltd IPO, which opens for subscription from to 21 December 2023 has an issue size of ₹549.78 crore. The issue type is book building issue.

I have pre-applied for Credo Brands Marketing Ltd IPO. When will my order get placed?

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

What are the open and close dates for Credo Brands Marketing Ltd IPO?

Credo Brands Marketing Ltd IPO Opens for subscription from 19 December 2023 to 21 December 2023

What is the lot size and minimum order quantity of the Credo Brands Marketing Ltd IPO?

The lot size of Credo Brands Marketing Ltd is 53 shares. Retail investors can subscribe to minimum 1 lot and maximum 13 lots. The minimum and maximum application value is ₹14,840 and ₹1,92,920 respectively.

What are the allotment dates for the Credo Brands Marketing Ltd IPO?

Allotment date for Credo Brands Marketing Ltd is 22 December 2023 and refund of application amount (in case allotment is not received) will begin from 26 December 2023. If your allotment goes through, then shares will be credited in your Demat account by 26 December 2023.

Who is the registrar of Credo Brands Marketing Ltd IPO?

The registrar for Credo Brands Marketing Ltd IPO is MUFG Intime India Pvt Ltd. You can check your IPO allotment status on the registrar's website.

Where is the Credo Brands Marketing Ltd IPO getting listed?

The shares of Credo Brands Marketing Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)