Key Details Of Credo Brands Marketing (Mufti) IPO

About

Credo Brands Marketing Limited, also known as Mufti, is a highly regarded clothing brand that has made its mark in the fashion industry. With its roots embedded in India, Mufti takes pride in offering a wide range of trendy and comfortable apparel.

One of the key highlights of Mufti’s collection is its exquisite line of cotton pants. Designed with a perfect blend of style and comfort, these pants have become a favorite among fashion-conscious individuals. The high-quality cotton fabric ensures breathability and durability, making them ideal for everyday wear.

Credo Brand IPO details

Key Details

1. Offer Details:
   • Mufti Menswear IPO is a book-built issue valued at Rs 549.78 crores.
   • The entire issue consists of an offer for sale of 1.96 crore shares.
2. Subscription Timeline:
   • The Mufti Menswear IPO opens for subscription on December 19, 2023.
   • The subscription period closes on December 21, 2023.
   • Allotment is expected to be finalized by Friday, December 22, 2023.
3. Listing Information:
   • Mufti Menswear IPO is scheduled to list on BSE and NSE.
   • Tentative listing date is set for Wednesday, December 27, 2023.
4. Price Band:
   • The IPO price band is set at ₹266 to ₹280 per share.
5. Lot Size and Investment Requirements:
   • Minimum lot size for an application is 53 shares.
   • Minimum investment required by retail investors is ₹14,840.
6. Investment for sNII and bNII:
   • Minimum lot size investment for sNII is 14 lots (742 shares), totaling ₹207,760.
   • For bNII, the minimum lot size investment is 68 lots (3,604 shares), amounting to ₹1,009,120.

IPO Date	19 -21 Dec 23
Issue Size	₹549.78 Cr (almost 19,634,960 shares)
Lot Size	53 shares
Price Range	₹268- ₹280 per share
Face Value	₹2 per share
Issue Type	100% book building
Cut-off time for UPI Mandate Confirmation	21-Dec-2023 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding.

Lot Size

Application	Lots	Shares	Price
Retail(min)	1	53	₹14,840
Retail (max)	13	689	₹192,920
Small HNI (min)	14	742	₹207,760
Small HNI (max)	67	3551	₹994,280
Big HNI (min)	68	3604	₹1,009,120

Important Dates

Credo Brands Marketing Limited IPO opens on 19 Dec 23 and closes on 21 Dec 23

IPO opening date	19 Dec 23, Tuesday (10:00 AM)
IPO closing date	21 Dec 23, Thursday (05:00 PM)
Basis of allotment	22 Dec 23, Friday
Initiation of Refunds	26 Dec 23, Tuesday
Credit of Shares to Demat	26 Dec 23, Tuesday
Listing Date	27 Dec 23, Wednesday

Company Financial Report

	Total Assets	Total Revenue	Profit After Tax
31 Mar 23	574.48	509.32	77.51
31 Mar 22	476.05	354.84	35.74
31 Mar 21	416.99	261.15	3.44

Key Performance Indicators (KPIs)

KPIs	Value
Price to Earning (P/E)	23.22
Return on capital employed(ROCE)	28.16%
Return on Equity (ROE)	29.98%
Avergage Return On Networth (RoNW)	29.98%
Earning Per Share (EPS)	12.06

The source of the information provided is NSE. We do not guarantee the correctoness of facts and information. It is provided as it available on NSE.

Competitor Analysis

Company	Market Cap(in Crores)	PE	ROE(%)	ROCE(%)
Credo Brand (Mufti)	–	23.22	29.98	28.16
Aditya Birla Fashion And Retail Limited	₹ 22,096	–	-2.20	5.03
Go Fashion (India) Limited	₹ 6,989	81.8	16.8	17.7
Arvind Fashion Limited	₹ 5,425	149	4.52	13.7
Kewal Kiran Clothing Limited	₹ 4,863	34.2	21.8	26.2

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