Credo Brands IPO GMP, Price, Date, Allotment

Credo Brands IPO GMP

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.

Credo Brands Marketing IPO

Promoters of Credo Brands – Kamal Khushlani, and Poonam Khushlani

Credo Brands IPO Details

Credo Brands IPO Dates19 – 21 December 2023
Credo Brands IPO PriceINR 266 – 280 per share
Fresh issueNIL
Offer For Sale19,634,960 shares (INR 522.29 – 549.78 crore)
Total IPO size19,634,960 shares (INR 522.29 – 549.78 crore)
Minimum bid (lot size)53 shares (INR 14,840)
Face Value INR 2 per share
Retail Allocation35%
Listing OnBSE, NSE

Credo Brands Financial Performance

 FY 2021FY 2022FY 2023Q1 FY 2024
Net income3.4435.7477.518.58
Margin (%)1.4110.4815.567.24
Figures in INR Crores unless specified otherwise

Credo Brands Offer News

Credo Brands Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio22.06 – 23.22
RONW (%)1.8116.7029.98
ROCE (%)5.8617.3128.16
EBITDA (%)19.8027.8732.89
*Compiled by IPO Central from Prospectus

Credo Brands IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
26 December 20231104,700
23 December 20231305,200
22 December 20231305,200
21 December 20231305,200
20 December 20231305,200
19 December 20231224,900
18 December 20231104,700
16 December 20231205,000

Credo Brands IPO Subscription – Live Updates

Shares Offered39,26,99229,45,24468,72,2361,37,44,472
21 Dec 2023104.9555.4119.6251.67
20 Dec 20230.3511.488.786.95
19 Dec 20230.

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 Date19 December 2023
Credo Brands IPO Closing Date21 December 2023
Finalization of Basis of Allotment22 December 2023
Initiation of refunds26 December 2023
Transfer of shares to demat accounts26 December 2023
Credo Brands IPO Listing Date27 December 2023
Opening Price on NSEINR 282.35 per share (up 0.84%)
Closing Price on NSEINR 312.20 per share (up 11.50%)

Credo Brands IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi – Subscribe
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta –
Axis Capital – Not Rated
BP Wealth – Subscribe
Canara Bank Securities – Subscribe
Choice Broking – Subscribe with Caution
Capital Market – Neutral
Dalal & Broacha –
Elite Wealth – Apply for longer horizon
GCL Broking –
Geojit –
GEPL Capital – Subscribe
Hem Securities – Subscribe
ICICIdirect –
Jainam Broking
KR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang – Subscribe
Reliance Securities –
Religare Broking –
SBICAP Securities – Subscribe
Samco Securities – Not Rated
SMC Global – 1/5
Systematix Research – Not Rated
Swastika Investmart – Subscribe
Ventura Securities – Subscribe

Credo Brands Offer Lead Manager

ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email[email protected]

Credo Brands Offer Registrar

C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 022 4918 6060
Email: [email protected]

Credo Brands Contact Details

B-8, MIDC Central Road, Marol,
Next to MIDC Police Station, Andheri (E),
Mumbai 400093, Maharashtra
Phone: +91 22 6141 7200
Email: [email protected]

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.


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