Credo Brands IPO Description – Credo Brands Marketing stands as one of the leading indigenous labels in the mid-premium and premium men’s casual wear sector in India, based on its market share in Fiscal 2022. The company is committed to delivering a meaningful wardrobe solution for various occasions in a customer’s life. Its product range includes shirts, t-shirts, jeans, and chinos, catering to year-round clothing needs. The designs are crafted to offer a youthful appearance while staying in tune with the current fashion trends.
The products are accessible through an extensive multichannel distribution network established over the years, encompassing exclusive brand outlets (‘EBOs’), large format stores (‘LFSs’), and multi-brand outlets (‘MBOs’). Additionally, they are available through online channels, including the company’s website and other e-commerce marketplaces. This strategically planned multichannel presence ensures that products across categories are conveniently accessible through consumers’ preferred shopping channels.
As of 31 May 2023, Credo Brands Marketing has a widespread presence throughout India with 1,773 touchpoints, comprising 379 Exclusive Brand Outlets (EBOs), 89 Large Format Stores (LFSs), and 1,305 Multi-Brand Outlets (MBOs). Its reach spans from major metros to Tier-3 cities. The company’s well-established EBO network provides a comprehensive shopping experience for its customers, strategically located across the nation in high streets, malls, airports, and residential market areas.
Out of the total 379 Exclusive Brand Outlets (EBOs) as of 31 May 2023, around 65.44% are situated on high streets, approximately 32.98% are located in malls, and about 1.58% of the EBOs are positioned in airports.
Promoters of Credo Brands – Kamal Khushlani, and Poonam Khushlani
Credo Brands IPO Details
| Credo Brands IPO Dates | 19 – 21 December 2023 |
| Credo Brands IPO Price | INR 266 – 280 per share |
| Fresh issue | NIL |
| Offer For Sale | 19,634,960 shares (INR 522.29 – 549.78 crore) |
| Total IPO size | 19,634,960 shares (INR 522.29 – 549.78 crore) |
| Minimum bid (lot size) | 53 shares (INR 14,840) |
| Face Value | INR 2 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Credo Brands Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 |
| Revenue | 244.83 | 341.17 | 498.18 | 118.49 |
| Expenses | 257.15 | 307.00 | 405.51 | 108.12 |
| Net income | 3.44 | 35.74 | 77.51 | 8.58 |
| Margin (%) | 1.41 | 10.48 | 15.56 | 7.24 |
Credo Brands Offer News
- Credo Brands RHP
- Credo Brands DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Subscription Status
Credo Brands Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.54 | 5.56 | 12.06 |
| PE ratio | – | – | 22.06 – 23.22 |
| RONW (%) | 1.81 | 16.70 | 29.98 |
| NAV | 30.13 | 36.92 | 43.75 |
| ROCE (%) | 5.86 | 17.31 | 28.16 |
| EBITDA (%) | 19.80 | 27.87 | 32.89 |
| Debt/Equity | 0.62 | 0.44 | 0.65 |
Credo Brands IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 26 December 2023 | 110 | – | 4,700 |
| 23 December 2023 | 130 | – | 5,200 |
| 22 December 2023 | 130 | – | 5,200 |
| 21 December 2023 | 130 | – | 5,200 |
| 20 December 2023 | 130 | – | 5,200 |
| 19 December 2023 | 122 | – | 4,900 |
| 18 December 2023 | 110 | – | 4,700 |
| 16 December 2023 | 120 | – | 5,000 |
Credo Brands IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 39,26,992 | 29,45,244 | 68,72,236 | 1,37,44,472 |
| 21 Dec 2023 | 104.95 | 55.41 | 19.62 | 51.67 |
| 20 Dec 2023 | 0.35 | 11.48 | 8.78 | 6.95 |
| 19 Dec 2023 | 0.01 | 2.06 | 3.29 | 2.09 |
Credo Brands IPO Allotment Status
Credo Brands IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Credo Brands IPO Dates & Listing Performance
| Credo Brands IPO Opening Date | 19 December 2023 |
| Credo Brands IPO Closing Date | 21 December 2023 |
| Finalization of Basis of Allotment | 22 December 2023 |
| Initiation of refunds | 26 December 2023 |
| Transfer of shares to demat accounts | 26 December 2023 |
| Credo Brands IPO Listing Date | 27 December 2023 |
| Opening Price on NSE | INR 282.35 per share (up 0.84%) |
| Closing Price on NSE | INR 312.20 per share (up 11.50%) |
Credo Brands IPO Reviews – Subscribe or Avoid?
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SMC Global – 1/5
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Credo Brands Offer Lead Manager
ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email:Â [email protected]
Website:Â www.icicisecurities.com
Credo Brands Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 022 4918 6060
Email:Â [email protected]
Website:Â www.linkintime.co.in
Credo Brands Contact Details
CREDO BRANDS MARKETING LIMITED
B-8, MIDC Central Road, Marol,
Next to MIDC Police Station, Andheri (E),
Mumbai 400093, Maharashtra
Phone:Â +91 22 6141 7200
Email:Â [email protected]
Website: www.credobrands.in
Credo Brands IPO FAQs
How many shares in Credo Brands IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Credo Brands Public Offer?
The best way to apply in Credo Brands public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Credo Brands IPO GMP today?
Credo Brands IPO GMP today is INR 110 per share.
What is Credo Brands kostak rate today?
Credo Brands kostak rate today is INR NA per application.
What is Credo Brands Subject to Sauda rate today?
Credo Brands Subject to Sauda rate today is INR 4,700 per application.
