Credo Brands Marketing Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 18-12-2023 | 20-12-2023 | 2 | 266 | 53 Shares | BSE SME | N/A | 2023-12-21 18:30:00 | 2023-12-25 18:30:00 | 2023-12-25 18:30:00 | 26-12-2023 |
About The Company
Mufti Menswear IPO is a book built issue of Rs 549.78 crores. The issue is entirely an offer for sale of 1.96 crore shares.
Mufti Menswear IPO opens for subscription on December 19, 2023 and closes on December 21, 2023. The allotment for the Mufti Menswear IPO is expected to be finalized on Friday, December 22, 2023. Mufti Menswear IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, December 27, 2023.
Mufti Menswear IPO price band is set at ₹266 to ₹280 per share. The minimum lot size for an application is 53 Shares. The minimum amount of investment required by retail investors is ₹14,840. The minimum lot size investment for sNII is 14 lots (742 shares), amounting to ₹207,760, and for bNII, it is 68 lots (3,604 shares), amounting to ₹1,009,120.
Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), ICICI Securities Limited and Keynote Financial Services Ltd are the book running lead managers of the Mufti Menswear IPO, while Link Intime India Private Ltd is the registrar for the issue.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 29-06-2023 | 592 | 119 | 9 | 289.88 | 0 | 11.3 |
| 30-03-2023 | 574 | 509 | 78 | 281.35 | 0 | 10.08 |
| 30-03-2022 | 476 | 355 | 36 | 235.73 | 0 | 13.46 |
| 30-03-2021 | 417 | 261 | 3 | 192.33 | 0 | 15.23 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | 14840 |
| Retail (Max) | 13 | 689 | 192920 |
| S-HNI (Min) | 14 | 742 | 207760 |
| S-HNI (Max) | 67 | 3551 | 994280 |
| B-HNI (Min) | 68 | 3604 | 1009120 |
IPO Listing Details
| Listing Date | 26-12-2023 |
| BSE Script Code | N/A |
| NSE Symbol | N/A |
| ISIN | N/A |
| Final Issue Price | 0 |
Promoter holdings
Kamal Khushlani and Poonam Khushlani.
Contact Information of the Company
Credo Brands Marketing Limited
B-8, MIDC Central Road, Marol,
Next to MIDC Police Station
Andheri (E), Mumbai - 400093,
Phone: +91 22 6141 7200
Email: investorrelations@mufti.in
Website: https://www.credobrands.in/
IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: credobrands.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
IPO Lead Manager
Dam Capital Advisors Ltd ICICI Securities LimiteKeynote Financial Services Ltd