Credo Brands Marketing IPO

Credo Brands Marketing Limited

₹14,098 /53 sharesMinimum Investment

Credo Brands Marketing IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹280.00₹282.00₹2.00 (0.71%)

Credo Brands Marketing IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
19 Dec ‘23 - 21 Dec ‘23₹14,09853₹266 - ₹280
Issue SizeIPO Doc
549.78Cr
RHP PDF

Subscription rate

Qualified Institutional Buyers104.95x
Non-Institutional Investor55.48x
Retail Individual Investor19.81x
Total51.78x

About the company

Established in 1998, the brand "Mufti," under Credo Brands Marketing Limited, sells shirts, t-shirts, sweatshirts, jeans, cargo, chinos, jackets, blazers, and sweaters. The product categories span relaxed holiday casuals, authentic daily casuals, urban casuals, party wear, and athleisure. Mufti's products are accessible through a nationwide multichannel distribution network, including exclusive brand outlets (EBOs), large format stores (LFSs), and multi-brand outlets (MBOs). The brand also reaches customers through online channels, including its website and various e-commerce marketplaces. The brand outsources its manufacturing operations while design aspects are managed internally.;
Founded in
1999
Managing director
Mr. Kamal Khushlani
Parent organisation
Credo Brands Marketing Limited

Strength and risks

Strengths
Risks
Credo Brands Marketing maintains enduring partnerships with its manufacturing, supply, and distribution network. Some of these partnerships have been in place since the brand's inception.
The company has a network of 48 fabric and accessories suppliers and 48 manufacturing partners, with the top five suppliers and partners having an average association of eight years each as of September 30, 2023.
The company has an experienced in-house textile print and pattern team comprising skilled graphic designers, illustrators, textile designers, and technicians.
Credo Brands engages with a network of suppliers and manufacturing partners, including collaboration with an export house operating outside India. This strategic arrangement provides exposure to international trends..
Revenue from operations increased by 46.02%, rising from Rs. 341.1719 crore in 2022 to Rs. 498.181 crore in 2023. For the three months ending June 30, 2023, revenue from operations reached Rs. 118.49 crore.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular266 - 280₹2 Lakh
High Networth Individual266 - 280₹2 - 5 Lakh
For Credo Brands Marketing IPO, eligible investors can apply as Regular.
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