December 27, 2023
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Credo Brands Marketing IPO GMP, Details & Review @ Chanakyanipothi.com India`s Oldest & the most Trusted Investment website. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 23 Years.
Credo Brands Marketing IPO Post listing Review: Listed at Rs.282.35. The listing has been very disappointing for the grey market players and much below the expectations
Why should I apply Credo Brands Marketing IPO? Review:
Credo Brands Marketing IPO last GMP
Premium: Rs.107 Crashed
R-Subject to Rs. 4300
Rs 10 L Application Rs. –
BHNI Subject to Rs. 60200 Crashed
What is the Subscription Status of Credo Brands Marketing IPO?
On 21 December 2023 5.00 pm (Day 3)
Review: Weak subscription uptil now.
QIB: 3926992 Shares 104.95 T
NII(10L+): 1963496 Shares 55.73 T
NII (<10L) 981748 Shares 55.05 T
NII (Total) 2945244 Shares 55.50 T
RII: 6872236 Shares 19.87 T
Total: 13744472 Shares 51.81 T
Who is the promoter of Credo Brands Marketing IPO?
KAMAL KHUSHLANI AND POONAM KHUSHLANI
What is the business of Credo Brands Marketing?
Credo Brands Marketing is among the largest homegrown brands in the mid-premium and premium men’s casual wear market in India in terms of market share in Fiscal 2022. The company believes in providing a meaningfulwardrobe solution for multiple occasions in a customer’s life, with its product offerings ranging from shirts to t-shirts to jeans to chinos, which caters to all year-round clothing. Its products are designed to provide a youthfulappearance while keeping up with the ongoing fashion trends.
The brand “Mufti” was launched by the Promoter, Kamal Khushlani, 25 years ago with a vision to redefine menswear. The brand was created as an alternative dressing solution and was designed to deliver a casual alternative with a focus on creative, bold, and expressive clothing for the contemporary Indian man who wanted something more stylish than what was commonly available.
In order to keep pace with these evolving fashion trends, its product mix has evolved significantly over the past several years from consisting of only shirts, t-shirts and trousers in the year 1998 to a wide range of products including sweatshirts, jeans, cargos, chinos, jackets, blazers and sweaters in relaxed holiday casuals, authentic daily casuals to urban casuals, party wear and also athleisure categories as on date. Its design team is constantly focusing on expanding its product range to meet a varied range of consumer needs.
Its products are available through a pan-India multichannel distribution network that it has built over the years comprising of its exclusive brand outlets (“EBOs”), large format stores (“LFSs”) and multi-brand outlets (“MBOs”), as well as online channels comprising of our website and other e-commerce marketplaces.
For more information, click www.credobrands.in
What is the object of Credo Brands Marketing IPO?
The IPO comprises only offer for sale of shares.
The Selling Shareholders will be entitled to the entire proceeds of the Offer after deducting the Offer expenses and relevant taxes.
Credo Brands Marketing IPO Grey Market Premium, Particulars & Guidance
| Credo Brands Marketing IPO Details | |
| IPO opens on | 19 December, 2023 |
| IPO closes on | 21 December, 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 19,634,960 Sh /Rs 549.78 Cr |
| * Fresh Issue | – Sh /Rs ? Cr |
| * Offer for Sale | 19,634,960 Sh /Rs 549.78 Cr |
| Face Value per share: | Rs. 2 |
| Price Band | Rs. 266-280 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 53 Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. in Cr |
| QIB (50 %) | 9817480 | X |
| NII (15 %) | 2945244 | X |
| RII (35 %) | 6872236 | X |
| Employees | 0 | – |
| Total Shares | 19634960 | 549.78 |
| Retail portion will be oversubscribed by | X Forms. | |
| How to apply in Credo Brands Marketing IPO ? | Amount in Rs. | |
| Min Retail Application | 53 Sh | 14840 |
| Max Retail Application | 689 Sh | 192920 |
| Small HNI (Min) application | 742 Sh | 207760 |
| Small HNI (Max) application | 3551 Sh | 994280 |
| Big HNI Application | 3604 Sh | 1009120 |
| Timetable of Credo Brands Marketing IPO | |
| IPO opens on | 19 December, 2023 |
| IPO Closes on | 21 December, 2023 |
| IPO Allotment on | 22 December, 2023 |
| Unblocking of ASBA | 22 December, 2023 |
| Credit of Shares | 26 Decemnber, 2023 |
| Listing on | 27 December, 2023 |
| Registered Office of Credo Brands Marketing | |
| Block-D, Mondeal Retail Park, Near Rajpath Club, S.G. Highway, Beside Iscon Mall, Ahmedabad, Gujarat-380054, India |
|
| Lead Managers of Credo Brands Marketing? DAM Capital Advisors Limited ICICI Securities Limited Keynote Financial Services Limited |
|
| Registrar to IPO | |
| Link Intime India Pvt ltd |
| Credo Brands Marketing IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 261.15 | 0.34 | 0.54 | 1.81 |
| 2021-22 | 354.84 | 3.57 | 5.60 | 16.70 |
| 2022-23 | 509.32 | 7.75 | 12.06 | 29.98 |
| Book Value of the Share on 31.03.2023 | Rs. | 30.82 | ||
| BV of the Share after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 280 | ||
| Ratio Analysis | |
| Upper Price /last EPS | 23.33 |
| Upper Price/Book Value Ratio | 9.08 |
| Upper Price/BV after IPO | ? |
Credo Brands Marketing IPO GMP & details
Which are the companies which can be compared with Credo Brands Marketing? Study Peer Comparison.
| As on date of RHP | Total Income Rs. | Face | PE |
| Income | Value | Ratio of | |
| Rs. In Cr | Rs | ||
| Credo Brands | 509 | 10 | 23.33 |
| Aditya Birla Fashion & Re | 12534 | 10 | – |
| Go Fashion | 677 | 10 | 88.24 |
| Arvind Fashions | 4474 | 4 | 157.00 |
| Kewal Kiran Clothing | 799 | 10 | 40.00 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
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