Credo Brands Marketing Limited

Company Profile
Company Name Credo Brands Marketing Limited
Open Date 19-12-2023
Close Date 21-12-2023
Exchange NSE, BSE
Lot Size 53 Shares
Issue Price ₹266 to ₹280 per share
Issue Size 1,96,34,960 shares
Application Amount Min. Inv. - ₹ 14,840 (53 shares) Max. Inv. – ₹ 1,92,920 (689 shares)
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply

Credo Brands Marketing Limited was originally incorporated in the year 1999 and had its registered office in Mumbai, Maharashtra. The company offers casual clothing for men with its flagship brand “Mufti”. The company product offerings range from shirts to t-shirts to jeans to chinos, which caters to all year-round clothing. The company is engaged in the retail sale of garments and accessories, and do not manufacture any apparel. As of 30th September 2023, the Company had 224 employees on its payroll and the Company also engages 1,139 personnel on a contractual basis.

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Summary of Financials (All financials in Cr.)

For the Period Ended Mar-21 Mar-22 Mar-23 Jun-23
Total Assets 416.99 476.05 574.48 592.38
Net Assets 192.33 235.73 281.35 289.88
Total Borrowings 15.23 13.46 10.08 11.30
Total Revenue 261.15 354.84 509.32 119.43
Profit After Tax 3.44 35.74 77.51 8.58

Tentative Timeline

Opening Date 19/12/2023
Closing Date 21-12-2023
Basis of Allotment 22-12-2023
Initiation of Refunds 26-12-2023
Credit of Shares to Demat 26-12-2023
Listing Date 27-12-2023

Objects of the Issue

Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Carry out the Offer for Sale of up to 19,634,960 Equity Shares.

Contact Information

Registered Office Credo Brands Marketing Limited - B-8, MIDC Central Road, Marol, Next to MIDC Police Station Andheri (E), Mumbai - 400093
Phone +91 22 6141 7200

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270

IPO Reservation

QIB 20.00%
NII 15.00%
RII 35.00%
Anchor investors 30.00%

Shareholding Pattern

Share Holding Pre Issue (Promoters) 68.82%
Share Holding Post Issue (Promoters) 55.40%

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