Credo Brands Marketing Ltd IPO
Price Range
₹266 - ₹280
-
Min. Quantity
53 Shares
Closes on
21 December 2023
-
Min. investment
₹14,840
Credo Brands Marketing Ltd IPO Timeline
| Event | Date |
|---|---|
| Credo Brands Marketing Ltd IPO Opening Date | 19 December 2023 |
| Credo Brands Marketing Ltd IPO Closing Date | 21 December 2023 |
| Basis of Allotment | 22 December 2023 |
| Initiation of Refunds | 26 December 2023 |
| Credit of Shares to Demat | 26 December 2023 |
| Credo Brands Marketing Ltd IPO Listing Date | 27 December 2023 |
Credo Brands Marketing Ltd IPO Details
| Credo Brands Marketing Ltd IPO Date | 19 December 2023 to 21 December 2023 |
| Credo Brands Marketing Ltd IPO Face Value | ₹2 per share |
| Credo Brands Marketing Ltd IPO Price | ₹266 to ₹280 per share |
| Credo Brands Marketing Ltd IPO Lot Size | 53 |
| Issue Size | Shares of ₹2 (aggregating up to ₹549.78 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹0 Cr) |
| Offer for Sale | Shares of ₹2 (aggregating up to ₹549.78 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 39,26,992 of the Net Offer |
| Retail Shares Offered | Not less than 68,72,236 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 29,45,244 of the Net Offer |
| Company Promoters | Kamal 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 | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 53 | ₹14,840 |
| Maximum | 13 | 689 | ₹1,92,920 |
- Strengths
- 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 Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2025 | 769.23 | 624.26 | 68.41 |
| 03-2024 | 709.87 | 571.94 | 59.16 |
| 03-2023 | 574.48 | 511.32 | 77.45 |
| 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 Holding | 33.53% |
| Post Issue Share Holding | 27.3% |
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)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 104.95 | 55.52 | 19.94 | - | 51.85 |
Credo Brands Marketing Ltd IPO Prospectus
Credo Brands Marketing Ltd IPO Listing Date
| BSE Script | |
| NSE Symbol | |
| Listing In | BSE, NSE |
| ISIN | INE220Q01020 |
| IPO Price | ₹- |
| Face Value | ₹- |
Company Contact Information
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
Credo Brands Marketing Ltd IPO Lead Manager(s)
- DAM Capital Advisors Ltd
- ICICI Securities Ltd
- Keynote Financial Services Ltd
How to Check the Allotment Status of Credo Brands Marketing Ltd IPO?
To check the IPO allotment status, follow these steps:
- Visit the official website of the IPO registrar.
- Navigate to the IPO Allotment Status page.
- Select “Credo Brands Marketing Ltd” from the list of available IPOs.
- Enter any one of these - PAN Number, Application Number, DP/Client ID.
- Click on Submit to view your allotment status.
About Credo Brands Marketing Ltd IPO
Credo Brands Marketing Limited 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, a fresh certificate of incorporation was issued by the RoC to Company and the name of Company was changed to Credo Brands Marketing Limited'.