Credo Brands Marketing IPO (Mufti Menswear IPO) Date, Price, GMP and Best 3 IPOs to Invest

Hello my fellow finance enthusiasts, there is a huge investment opportunity opening up in the near future. Yes, you heard absolutely right. The Credo Brands Marketing IPO (Mufti Menswear IPO) is going to open soon. So I will give you complete information about Credo Brands Marketing IPO here on IPO India.

On this article I will inform you about Credo Brands Marketing IPO (Mufti Menswear IPO) Date, Price, GMP, Review and Best 3 IPOs to Invest. So without wasting any more time let’s start.

About Credo Brands Marketing Limited

Established in 1999, Credo Brands Marketing Limited was established as a provider of casual men’s clothing under its flagship brand, “Mufti”.

Originally focused on shirts, t-shirts and trousers in 1998, the company has expanded its product offering significantly over the years. Currently, the diversified product line includes sweatshirts, jeans, cargo, chinos, jackets, blazers and sweaters, catering to various categories such as light casual wear for vacation, formal everyday wear, urban casual wear, party wear and athleisure.

As of May 31, 2023, the company has an extensive presence with a total of 1,773 retail outlets across India. The network consists of 379 Exclusive Brand Stores (EBOs), 89 Large Format Stores (LFSs), and 1,305 Multi-Brand Stores (MBOs).

Catering to a broad spectrum of cities, the company’s reach spans from major metropolitan areas to Tier 3 cities. As of March 31, 2023, March 31, 2022 and March 31, 2021, the company’s presence was recorded in 582, 598 and 569 cities respectively.

As of May 31, 2023, the design team consisted of 15 members, who were instrumental in creating and producing over 1,348 designs during the 2023 fiscal year.

Credo Brands Marketing IPO GMP

About Credo Brands Marketing IPO

Here is some information about Credo Brands Marketing IPO (Mufti Menswear IPO) which will help you in making a decision to invest in Credo Brands Marketing IPO. It appears to be a book-built offer with a total value of Rs ₹549.78 crore, including 1.96 Crore share offer for sale in full.

Summary of the key details

• Issue Size: Rs 549.78 crores
• Offer for Sale: 1.96 Crores shares
• Subscription Period: December 19, 2023 to December 21, 2023
• Allotment Date: December 22, 2023
• Listing Date: December 27, 2023

Price Range of Credo Brands Marketing IPO

• ₹266 to ₹280 per share

Lot Size of Credo Brands Marketing IPO

• Minimum Lot: 53 Shares.
• Minimum Investment for Retail Investors: ₹14,840

Minimum Lot Size Investments for Credo Brands Marketing IPO

• S-HNI: 14 lots (742 shares), amounting to ₹2,07,760
• B-HNI: 68 lots (3,604 shares), amounting to ₹10,09,120

This information provides potential investors with the details they need to participate in the Credo Brands Marketing IPO (Mufti Menswear IPO). It is important to note that investing in IPOs carries risks, and individuals should do their own research or consult financial professionals before making investment decisions.

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Valuations of Credo Brands Marketing IPO

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Promoter(s)

Company Promotor(s):-

1. Kamal Khushlani
2. Poonam Khishalni

If you are new to the investment section and want to know how to invest in IPOs, you can read our article “How to Invest in IPOs?“.

Key Performance Indicator

Issue Objective(s)

• 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 IPO (Mufti Menswear IPO) Registrar

Credo Brands Marketing IPO Review

Credo Brands Marketing Limited, established in 1999, has evolved into a leading player in the casual men’s clothing market anchored by its flagship brand “Mufti”. Originally centered around shirts and trousers in 1998, the company now offers a broad product range covering diverse categories such as athleisure, party wear and more.

With a strong retail presence of 1,773 outlets across India, including exclusive brand stores and multi-brand outlets, the company has effectively tapped into diverse markets reaching from major cities to Tier 3 locations.

The continued expansion of their product line and retail footprint, with a dedicated design team producing over 1,348 designs in the last financial year, reflects a proactive approach to market trends.

As an investor, I see Credo Brands Marketing Limited as a promising player in the casual clothing sector, demonstrating resilience and adaptability. The company’s strategic growth initiatives position it well for continued success in a dynamic retail landscape.

Conclusion

In conclusion, Credo Brands Marketing Limited exhibits a compelling combination of product diversity, market reach and creative innovation. For investors seeking exposure to the growing fashion retail sector, this company warrants careful consideration.

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