247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Credo Brands Marketing Limited IPO (Credo Brands Marketing IPO) Details

Credo Brands Marketing Limited is an Textiles based company, located in Mumbai, Credo Brands Marketing Limited IPO size was 549.78 Cr. and was issued at 280.00 per share. The share of Credo Brands Marketing Limited were listed at 312.50 per share and are currently trading at 160.38 per share.

Type :
Sub Sector : Business Of Providing Wardrobe Solutions For Textile For Mufti Brand
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
477.72 Cr.

PAT :
34.32 Cr.

Pricing Report

Issue Price :
280.00

Listing Price :
312.50

Current Market Price :
160.38

Issue Price vs CMP :
119.62 (42.72%)

listing Price vs CMP :
152.12 (48.68%)

Performance Report (CAGR* wise)

CAGR : -40.56
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Credo Brands Marketing

Company Information
Credo Brands Marketing Limited 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 (Source: Technopak Report). The brand focuses on providing meaningful wardrobe solutions for multiple occasions in a customer's life, offering products ranging from shirts to t-shirts to jeans to chinos, catering to all-year-round clothing. These products are designed to provide a youthful appearance while keeping up with ongoing fashion trends. The brand "Mufti" was launched by the promoter, Kamal Khushlani, 25 years ago with a vision to redefine menswear. It was created as an alternative dressing solution, delivering a casual alternative with a focus on creative, bold, and expressive clothing for the contemporary Indian man who
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Object of Issue
  • Achieve the benefits of listing the Equity Shares on the Stock Exchanges
  • Offer for sale

Credo Brands Marketing MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Dec, 2023
IPO Size :
549.78 Cr.
Market Cap :
1800.45 Cr.   
IPO Subscription :
51.85 X     
PE Multiple :
4.49
Merchant Banker :
Keynote Financial Services Limited
IPO Registrar:
Link Intime India Private Limited

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FAQs

Credo Brands Marketing operates in Textiles and Business Of Providing Wardrobe Solutions For Textile For Mufti Brand. The Issue is listed on MainBoard in Dec, 2023. Credo Brands Marketing IPO size was 549.78 Cr. with Issue price of 280.00 .

Merchant Banker(s) of Credo Brands Marketing IPO: Keynote Financial Services Limited , Dam Capital Advisors Limited (Formerly Idfc Securities Limited) , ICICI Securities Limited

Credo Brands Marketing IPO subscription was 51.85 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Credo Brands Marketing IPO listed at a listing price of 312.50 against the offer price of 280.00.

The current market price of Credo Brands Marketing is 160.38.

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