IPO Trending
MUFTIEQ / NSE, BSEListed
Credo Brands Marketing

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.

₹266 - ₹28045.82x sub
Listed Price₹282.35
Listing Gain+0.84%

IPO Schedule & Timeline

Book Built Issue IPO
Open19 Dec 2023
Close21 Dec 2023
Allotment23 Dec 2023
Listing27 Dec 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail68,72,236 shares
35%
Nii(hni)29,45,244 shares
15%
QIB98,17,480 shares
50%

Minimum Application Lots

Retail1 Lot (53 shares)
₹14,840
sHNI14 Lots (742 shares)
₹2,07,760
bHNI68 Lots (3,604 shares)
₹10,09,120

Company Promoters

Kamal KhushlaniPoonam Khushlani

Company Background

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...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep 2023)₹119.43 Cr
Growth-54.3%
Revenue Trend (₹ in Crores)
0.0195.2390.5585.7Mar 2021Mar 2022Mar 2023Sep 2023
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep 2023119.438.58592.3811.30
Mar 2023509.3277.51574.4810.08
Mar 2022354.8435.74476.0513.46
Mar 2021261.153.44416.9915.23

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values0.5429.98%28.16%23.2223.23

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
23 Dec 2023
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
27 Dec 2023

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Credo Brands Marketing. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization23 Dec 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date27 Dec 2023Trading commences on exchange

How to Check Credo Brands Marketing Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Credo Brands Marketing from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

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Prospectus & Official Filings

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About Credo Brands Marketing IPO

Complete issue overview for Credo Brands Marketing (MUFTI) IPO. The issue features an equity share price band of ₹266 – ₹280 per share with a minimum retail lot size of 53 Shares (minimum application amount of ₹14,840). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions