Credo Brands Marketing Limited IPO
₹266 - ₹280
53
51.85
| Open Date: | 19-Dec-2023 |
| Close Date: | 21-Dec-2023 |
| Allotment Date: | 22-Dec-2023 |
| Listing Date: | 27-Dec-2023 |
| Listing Price: | ₹267.35/- |
| Face Value: | ₹2 Per Equity Share |
| Issue Price: | ₹266-280 Per Equity Share |
| Issue Size: | Total Issue Size 19,634,960 shares (aggregating up to ₹549.78 Cr) : Offer for Sale 19,634,960 shares of ₹2 (aggregating up to ₹549.78 Cr) |
| Market Lot (Min Amount): | Retail - ₹14,840 : S-HNI - ₹207,760 : B-HNI - ₹1,009,120 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 3,926,992 | 2,945,244 | 6,872,236 | 13,744,472 |
| Day 1 - 19-12-23 05:00 PM | 0.01x | 2.08x | 3.37x | 2.13x |
| Day 2 - 20-12-23 05:00 PM | 0.35x | 11.57x | 9.13x | 7.14x |
| Day 3 - 21-12-23 05:00 PM | 104.95x | 55.52x | 19.94x | 51.85x |
| Total No. of Application: | 2,392,774 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 18.45x | |||
| Earning Per Share(EPS) | ₹0.54/- |
| P/E Ratio | 23.22 |
| RoNW | 29.98% |
| Net Asset Value (NAV) - Post Issue: | ₹43.75/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Mar,2023 | 574.48 | 509.32 | 77.51 |
| 31 Mar,2022 | 476.05 | 354.84 | 35.74 |
| 31 Mar,2021 | 416.99 | 261.15 | 3.44 |
| Pre Issue Share Holding | 66.66% |
| Post Issue Share Holding | 53.66% |
| 1. Kamal Khushlani |
| 2. Poonam Khushlani |
The objectives of the Offer are to (i) achieve the benefits of listing the Equity Shares on the Stock Exchanges and (ii) carry out the Offer for Sale of up to 19,634,960 Equity Shares. Further, the Company expects that the proposed listing of its Equity Shares will enhance our visibility and brand image and provide liquidity to the Shareholders and a public market for the Equity Shares in India.
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.
No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
If you are agree with app tems and condition to use the app.
Thank you.