Listed Price₹282.35
Listing Gain+0.84%
Price Band₹266 - ₹280
Lot Size53 shares
Min Bid₹14,840
Subscription51.85x
Listed Market Snapshot
₹282.35Listed price from market data
+0.84%listing gain
Issue Amount
₹549.48 Cr
Listed Price
₹282.35
Current Price
₹89.9
Registrar
Link Intime India Private Limited
Timeline•Book Built Issue IPO
Open19 Dec 2023
Close21 Dec 2023
Allotment23 Dec 2023
Listing27 Dec 2023
Quota Reservation Portions
RetailPortion: 68,72,236 shares
35%Nii(hni)Portion: 29,45,244 shares
15%QIBPortion: 98,17,480 shares
50%Minimum Application Bracket Matrix
Retail1 lots / 53 shares
₹14,840sHNI14 lots / 742 shares
₹2,07,760bHNI68 lots / 3,604 shares
₹10,09,120About the Company
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.
Company Promoters
Kamal KhushlaniPoonam Khushlani
Registrar
Link Intime India Private Limited