Credo Brands IPO GMP: Mufti's IPO Opens On Tuesday; Know Subscription Details

Mufti IPO:  The Rs 549.78 crore, Initial Public Offering (IPO) of Credo Brands Marketing Limited has opened on Tuesday and will remain open till 21st December 2023 i.e. Thursday. Popular apparel major Credo Brands has set an IPO price of ₹266 to ₹280 per share. The IPO will be listed on BSE and NSE.

Meanwhile, shares of Credo Brands Marketing Ltd (Mufti) are available for trade in the unlisted market. According to stock market watchers, shares of Gredo Brands Marketing are available at a premium of ₹126 in the grey market today.

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Credo Brands IPO (Mufti IPO) subscription status

On the first day of subscription, at 10:21 am, the public issue was subscribed 0.10 times while its retail portion was subscribed 0.17 times. The NII portion of the public issue is subscribed 0.05 times.
Credo Marketing IPO details

Credo Brands IPO Price range and lot size

Apparel company Credo Brands has set an IPO price band of ₹266 to ₹280 per equity share. Bidder can apply for lot size and there are 53 shares of the company in one IPO.

Credo Brands IPO Date and IPO Size

The public offer will open today and will remain open till 21st December 2023 i.e. Thursday this week. The company aims to raise ₹549.78 crore from this public offering, which will consist entirely of OFS (Offer for Sale).

Credo Brands IPO Allotment Date and Listing Date

Given the T+3 listing rule, the date for the allotment of shares is December 22, 2023. The IPO is Proposed to be listed on both BSE and NSE. The probable date for stock listing is 27 December 2023.

Credo Brands IPO GMP

Shares of the company fetch a premium of ₹126 in the grey market today, as per market observers.

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