IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

To be announced

IPO Closing Date

To be announced

Basis of Allotment

To be announced

Initiation of Refunds

To be announced

Credit of Shares to Demat Account

To be announced

IPO Listing Date

To be announced

About Credo Brands Marketing Ltd

Credo Brands Marketing Limited is the owner of the denim brand Mufti. Kamal Khushlani, the promoter of the company, launched Mufti 25 years ago with an idea to redefine menswear. In terms of market share in Fiscal 2022 in India, they are one of the largest homegrown brands that offer premium and mid-premium men's casual wear. In 1998, they started with only shirts and trousers and significantly evolved since then. Currently, they offer various products, including t-shirts, shirts, jeans, chinos, jackets, cargo, etc., catering to year-round attire.

Credo Brands Marketing Limited have a good long-time relationship with its partners in manufacturing, distribution and supply networks. As of March 31, 2023, the company had a network of more than 45 manufacturing partners and 45 fabric and accessories suppliers. The suppliers include Birla Century, Arvind Limited, RSWM Limited and NSL Textiles Limited.

Credo Brands Marketing Limited IPO Details

Credo Brands Marketing Limited IPO Objectives 

The objectives of Credo Brands Marketing Limited's IPO are listed below:

  • To achieve the benefits of listing equity shares on the stock exchanges. 
  • To carry out the Offer for Sale of up to 19,634,960 equity shares by the selling shareholders. 

Credo Brands Marketing Limited IPO Date 

Credo Brands Marketing Limited’s IPO open and close dates are not yet announced. 

Credo Brands Marketing Limited IPO Price Band

Credo Brands Marketing Limited’s IPO is an Offer for Sale. The issue comprises 19,634,960 shares. The pricing range is not yet announced. 

Credo Brands Marketing Limited IPO Lot Size

Credo Brands Marketing Limited’s IPO lot size is not yet announced. 

Peer Details

Credo Brands Marketing faces competition from publicly listed companies like Aditya Birla Fashion and Retail Limited, Go Fashion (India) Limited, Arvind Fashions Limited and Kewal Kiran Clothing Limited which are operating in the same line of business.

How To Check the Credo Brands Marketing Limited Allotment Status?

You can follow the steps given below to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Validate with an OTP
  • Enter your application number, DP ID, and PAN number into the app
  • Click on ‘Submit’

Open a demat account with Angel One to apply for the Credo Brands Marketing Limited IPO

Contact Details of Credo Brands Marketing Limited IPO

  • Registered and Corporate Office: B-8, MIDC Central Road, Marol, Next to MIDC Police Station, Andheri (E), Mumbai - 400093, Maharashtra, India. 
  • Phone: +91 22 6141 7200
  • E-mail:[email protected]

Credo Brands Marketing Company Financials

Financial year Period ending on March 31, 2023 Period ending on March 31, 2022 Period ending on March 31, 2021
Revenue from Operations 4,981.82 3,411.72 2,448.26
Profit After Tax (PAT) 775.14 357.40 34.41
Net Worth 2,813.51 2,357.26 1,923.33
Earnings Per Share 12.06 5.60 0.54
Total Borrowings 100.79 134.64 152.27

Know before investing

Strengths

4

  1. In 2014, Credo Brands Marketing Limited launched a customer loyalty programme, Muftisphere and they have over 2 million customers who signed up for the loyalty programme.

  2. Their social media presence is also high where they have 3.4 million followers on Facebook and 1,34,000 followers on Instagram as of June 30, 2023.

  3. The company’s revenue from operations almost doubled from ₹2,448.26 million on March 31, 2021, to ₹4,981.82 million on March 31, 2023.

  4. The company’s profit after tax also rose highly from ₹34.41 million on March 31, 2021, to ₹775.14 million on March 31, 2023.

Risks

3

  1. The company is dependent on the continual purchases of its products and regular payments from the franchise stores, both in the long and short term.

  2. The pricing pressure from the competitors can impact the prices set by the company.

  3. Though the company has partnered with the manufacturers and suppliers for a long-time, they don’t hold any definitive agreements with them.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Credo Brands Marketing Ltd IPO FAQs

What is Credo Brands Marketing Limited's IPO?

The Credo Brands Marketing Ltd IPO is an Offer for Sale. The issue comprises 19,634,960 shares. The price band and bidding dates are not yet announced.   

When will Credo Brands Marketing Limited's IPO be allotted?

Not yet announced.

When will Credo Brands Marketing Limited's IPO open for subscription?

Not yet announced.

What minimum lot size can retail investors subscribe to?

Not yet announced.

When will Credo Brands Marketing Limited list on exchanges?

Not yet announced.

How do I check the allotment status of the Credo Brands Marketing Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Validate with an OTP
  • Enter your application number, DP ID, and PAN number into the app
  • Click on ‘Submit’

What would be the listing gains on the Credo Brands Marketing Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is not yet announced for Credo Brands Marketing Ltd.

I have finished the application process for the Credo Brands Marketing Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Credo Brands Marketing Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Credo Brands Marketing Limited using one PAN?

You can submit only one application using your PAN card.