Credo Brands Marketing (MAINBOARD)
December 19, 2023 – December 21, 2023
| Price | ₹266 - ₹280 |
| Premium | ₹74 |
|---|---|
| Lot size | 53 |
| Allotment | Dec 23, 2023 |
| Listing | Dec 27, 2023 |
Live Rate
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Shareholding Pattern
Subscription
Last Updated as on 21-Dec-2023 17:54:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 3926992 | 412137752 | 104.95 |
| HNIs | 2945244 | 163504099 | 55.51 |
| HNIs (10+L) | 1963496 | 109416751 | 55.73 |
| HNIs (2-10L) | 981748 | 54087348 | 55.09 |
| Retail | 6872236 | 137050262 | 19.94 |
| Total | 13744472 | 712692113 | 51.85 |
| Total Application : 2,392,671 | |||
| QIB Cost (7 Days) per share | |||||
|---|---|---|---|---|---|
| @7% ₹39.45 | @8% ₹45.09 | @9% ₹50.72 | @10% ₹56.36 | @11% ₹61.99 | @12% ₹67.63 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 53 | 14840 | 129665 |
| sHNI | 14 | 742 | 207760 | 1323 |
| bHNI | 68 | 3604 | 1009120 | 2646 |
Incorporated in 1999, Credo Brands Marketing Limited offers casual clothing for men with its flagship brand "Mufti".
In 1998, the company's product range consisted only of shirts, T-shirts and trousers. Today, however, the company offers a wide range of products including sweatshirts, jeans, cargos, chinos, jackets, blazers and sweaters. These products are available in different categories, e.g. relaxed casual wear for vacations, authentic everyday wear, urban casual wear, party wear and athleisure.
The company currently operates 1,773 retail outlets across India (as of May 31, 2023). These include 379 exclusive brand stores (EBOs), 89 large format stores (LFSs) and 1,305 multi-brand stores (MBOs).
The company's reach extends from major metropolitan areas to Tier 3 cities. As of March 31, 2023, March 31, 2022, and March 31, 2021, the company is present in 582, 598 and 569 cities, respectively.
As of May 31, 2023, the company's design team consisted of 15 members. They made it possible to create and produce more than 1,348 designs in the 2023 financial year.
Mufti Menswear IPO Details
| Issue Size | [19634960.] shares (aggregating up to ₹[549.48] Cr) |
| Offer for Sale | 19,634,960 shares of ₹2 (aggregating up to ₹549.48 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 64,301,880 |
| Share holding post issue | 64,301,880 |
Mufti Menswear IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Company Financials
Credo Brands Marketing Limited Financial Information (Restated Consolidated)
Credo Brands Marketing Limited's revenue increased by 43.54% and profit after tax (PAT) rose by 116.88% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 574.48 | 476.05 | 416.99 |
| Revenue | 509.32 | 354.84 | 261.15 |
| Profit | 77.51 | 35.74 | 3.44 |
| Net Worth | 281.35 | 235.73 | 192.33 |
| Reserves | |||
| Borrowing | 10.08 | 13.46 | 15.23 |
| Amount in ₹ Crore | |||
Strength
Weakness
Latest Announcements
| Date | Subject | Attachment Text |
|---|
Financial Results
Lead Manager(s)
Address
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/