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Mufti Menswear IPO is a main-board IPO of 19,634,960 equity shares of the face value of ₹2 aggregating up to ₹549.78 Crores. The issue is priced at ₹266 to ₹280 per share. The minimum order quantity is 53 Shares. The IPO opens on December 19, 2023, and closes on December 21, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Dec 15, 2023 · Mufti Menswear parent Credo Brands Marketing Limited's initial public offering (IPO) will open for subscription on December 19. The Rs 549.78-crore public issue is an offer for sale of 1.96 crore ...
The issue size of the IPO is 549.78 Cr. The price band for Credo Brands Marketing Limited IPO (Mufti Menswear IPO) is Rs 266 to Rs 280. The shares of Credo Brands Marketing Limited IPO (Mufti Menswear IPO) will list on 27th December 2023. The latest tentative GMP of Credo Brands Marketing Limited IPO (Mufti Menswear IPO) is Rs 125.
Dec 19, 2023 · Credo Brands IPO Details: Credo Brands aka Mufti Jeans IPO date is fixed, the IPO is to hit the market on December 19 and will close on December 21. Mufti Jeans IPO to raise around ₹550 crores via IPO that comprises fresh issue of NIL and offer for sale up to 19,634,960 equity shares ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Dec 19, 2023 · Mufti Menswear IPO is a public issue of 19,634,960 equity shares. The issue offers 6,872,236 shares to retail investors, 3,926,992 shares to qualified institutional buyers, and 2,945,244 shares to non-institutional investors.
Dec 18, 2023 · Sunil Shankar Matkar. December 18, 2023 / 08:59 PM IST. Credo Brands Marketing Mufti IPO opens on December 19. Credo Brands Marketing, the parent of the Mufti Menswear brand, mobilised Rs 164.93 ...
Jul 14, 2023 · Mufti Jeans' owner, Credo Brands Marketing, plans to file its IPO draft prospectus with SEBI. The IPO will be a complete offer for sale, with up to 19.63 million shares being sold.
Dec 19, 2023 · The Mufti Menswear IPO received a good response from investors on the first day of bidding, subscribing 1.16 times at 14:21 hours IST. Retail investors and high networth individuals (HNIs) were at ...
Dec 19, 2023 · The IPO will remain open until December 21 at a price band of ₹266-280 a share. The company aims to raise ₹549.78 crore from the offer. Credo Brands Marketing, which offers casual clothing for men through its flagship brand Mufti, plans to open at least 50 new stores every year. Kamal Khushlani, CMD of Credo Brands spoke with CNBC-TV18 on ...
The price band of the IPO to be launched by Credo Brands, which is the parent company of Mufti Menswear, is ₹ 266-280. The lot size for subscribers has been set at 53 shares minimum.
Dec 16, 2023 · Credo Brands (Mufti) IPO review (May apply) Review By Dilip Davda on December 16, 2023. CBML is in the business of providing wardrobe solutions for men. The products are marketed under the brand name of "Mufti". It operates on third party contract model of business. It posted robust growth in its bottom lines for FY22 and FY23.
Dec 27, 2023 · Credo Brands IPO listing: Analysts expected the stock to list at a premium of anywhere between 25% to 45% owing to Credo's distinctive blend of strengths. The GMP too indicated a listing price of ₹360 against the IPO price of ₹280 per share. ... Credo Brands Marketing (Mufti Menswear) made a flat debut on the bourses on Wednesday, December 27. The stock was listed at ₹282 on the Bombay Stock Exchange (BSE) against its issue price of ₹280 apiece. On the National Stock Exchange (NSE ...
Dec 21, 2023 · The IPO includes an Offer-for-Sale (OFS) of 19,634,960 shares worth ₹549.78 cr. The share allotment date is 22nd December, and the IPO will be listed on 27th December on the stock exchanges. The price band is ₹266 to ₹280 per share and the lot size is 53 shares. DAM Capital Advisors Limited, ICICI Securities Limited, and Keynote Financial ...
Dec 21, 2023 · The ₹550 crore initial public offering (IPO) of Mufti Menswear brand owner Credo Brands Marketing (CBML) opened for subscription on Tuesday, December 19, and will close today, December 21. The ...
Dec 21, 2023 · Credo Brands Marketing is one of the largest homegrown brands in the mid-premium and premium men's casual wear market in India in terms of market share in fiscal 2022. Led by Kamal Khushlani, Credo Brands operates the brand "Mufti" which is now celebrating its 25th anniversary. It provides a wide array of wardrobe solutions, encompassing a range of products such as shirts, t-shirts, jeans, chinos, and more.
Dec 19, 2023 · Mufti Menswear IPO opens for subscription. The Mufti Menswear IPO received a good response from investors on December 19, the first day of bidding, subscribing 2.08 times with bids coming in for 2 ...
Dec 19, 2023 · This trend continued from FY22 and FY21, where digital sales constituted only 8.2% of the total revenue. Credo Brands (MUFTI) IPO Details. Credo Brands (MUFTI) IPO is scheduled from December 19 to December 21, 2023. The stock has a face value of ₹2 per share, and the IPO's price range is ₹266-280 per share. Total IPO size (₹Cr) 550.
Dec 23, 2023 · Credo Brands (Mufti Jeans) IPO to raise around ₹550 Crores via IPO. The price band is fixed at ₹266 to ₹280 per equity share. The IPO is to be listed on the BSE and NSE. Basis of Credo Brands (Mufti Jeans) IPO Allotment: Based on the retail subscription the Credo Brands (Mufti Jeans) IPO basis of allotment will be around 1:19 (Approx).
Dec 18, 2023 · The stock of Credo Brands Marketing Ltd (MUFTI) has a face value of ₹2 per share and the price band for the book building IPO has been set in the band of ₹266 to ₹280 per share. The final price will be discovered within this band through the process of book building. • The IPO of Credo Brands Marketing Ltd (MUFTI) will be entirely an ...
Mufti Menswear IPO Review by Dilip Davda (May apply) [Dilip Davda] The company is operating in a highly competitive segment and has no own manufacturing unit, but deals of third party contract model. After posting robust growth in bottom lines for FY22 and FY23, it marked decline as hinted by Q1-FY24 performance. Based on annualized FY24 earnings, the issue appears fully priced. Well-informed investors may park funds for the medium to long term rewards.
Dec 19, 2023 · The IPO was subscribed 51.85x. The last GMP for Mufti Jeans IPO was ₹80, updated on Dec 27th 2023 06:03 AM. As per the last GMP, the expected profit/loss for the IPO was 28.57%. The issue price of Mufti Jeans IPO (MUFTI,544058) was ₹280.00, listed at a price of ₹282.35, which is 0.84% higher than the allotment price.
Dec 19, 2023 · If Mufti Menswear IPO oversubscribed in the retail category, the Mufti Menswear IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion.
Dec 22, 2023 · Credo Brands Marketing Ltd (MUFTI) IPO Structure. The stock of Credo Brands Marketing Ltd (MUFTI) has a face value of ₹2 per share and the price band for the book building IPO has been set in the band of ₹266 to ₹280 per share. The final price will be discovered within this band. The IPO of Credo Brands Marketing Ltd (MUFTI) will be entirely an offer for sale (OFS). The offer for sale (OFS) portion of the IPO of Credo Brands Marketing Ltd (MUFTI) comprises the sale of 1,96,34,960 ...
