Credo Brands IPO GMP, Price, Date, Allotment

Last updated on December 28, 2023

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

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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

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Credo Brands Financial Performance

	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

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Credo Brands Offer News

• Credo Brands RHP
• Credo Brands DRHP
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Subscription Status

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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

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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

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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

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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.

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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%)

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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

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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: [email protected]
Website: www.icicisecurities.com

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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: +91 022 4918 6060
Email: [email protected]
Website: www.linkintime.co.in

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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: +91 22 6141 7200
Email: [email protected]
Website: www.credobrands.in

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Credo Brands IPO FAQs