Credo Brands Marketing Limited is a company that has been shaping Indian fashion for over 25 years. It was incorporated in 1999 and is the owner of the leading Indian men’s fashion brand, Mufti. Credo Brands Marketing Limited offers a wide range of products for various occasions, including shirts, t-shirts, jeans, chinos, and jackets. The company’s product range in 1998 consisted of only shirts, T-shirts, and trousers.
The company currently operates 1,773 retail outlets across India (as of May 31, 2023). These include 379 exclusive brand stores (EBOs), 89 large format stores (LFSs) and 1,305 multi-brand stores (MBOs).
The company’s reach extends from major metropolitan areas to Tier 3 cities. As of March 31, 2023, March 31, 2022, and March 31, 2021, the company is present in 582, 598 and 569 cities, respectively.
Credo Brands Marketing Limited (Mufti Menswear IPO) Timetable
| Particular | Date |
| IPO Open Date | 19 Dec 2023 |
| IPO Close Date | 21 Dec 2023 |
| Allotment Date | 22 Dec 2023 |
| IPO Listing Date | 27 Dec 2023 |
Credo Brands Marketing Limited (Mufti Menswear IPO) Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 2 Per Equity Share |
| IPO Price | Rs. 266 to Rs. 280 Per Equity Share |
| Market Lot | 53 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 550 Crore. |
Credo Brands Marketing Limited (Mufti Menswear IPO) Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 53 | Rs. 14840 |
| Maximum | 13 | 689 | Rs. 192920 |
| Small HNI (Minimum) | 14 | 742 | Rs. 207760 |
| Big HNI (Minimum) | 68 | 3604 | Rs. 1009120 |
Credo Brands Marketing Limited (Mufti Menswear IPO) Allotment Status
Click Here To Check IPO Allotment Status Credo Brands Marketing Limited (Mufti Menswear IPO)
Click Here To Get ASBA Forms Credo Brands Marketing Limited (Mufti Menswear IPO)
Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 574.48 | 476.05 | 416.99 |
| Total Revenue | 509.32 | 354.84 | 261.15 |
| Profit After Tax | 77.51 | 35.74 | 3.44 |
Company Promoters:
The Promoters of the company are Kamal Khushlani and Poonam Khushlani.
Purpose 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.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Credo Brands Marketing Limited B-8, MIDC Central Road, Marol, Next to MIDC Police Station Andheri (E), Mumbai – 400093, Phone: +91 22 6141 7200 Email: investorrelations@mufti.in Website: https://www.credobrands.in/ | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: credobrands.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
