CREDO BRANDS IPO DATE
Citigroup Q2 Results: Profit beats on surge in investment banking, services strength; but shares fall 3%
The third-largest U.S. lender reported a profit of $1.52 per share for the three months ending June 30, surpassing analysts' expectations of $1.39, according to LSEG data. Warren Kornfeld, senior vice president in the financial institutions group at Moody’s Ratings, noted that these results highlight Citi's challenging path toward achieving its shareholder returns target of 11% to 12%, up from 7.2% in the second quarter.
Vraj Iron and Steel IPO subscribed nearly 40 times so far on last day. Check GMP and other details
Analysts advised investors to subscribe to the Vraj Iron and Steel IPO as the company's well-established and strategically located manufacturing facilities, coupled with a focus on value-added products and ongoing expansion plans, position it for future growth. The company's shares are trading with a premium of Rs 90 in the unlisted market,
Vraj Iron and Steel IPO picks up pace on Day 2. Check subscription, GMP and other details
The initial public offer (IPO) of Vraj Iron and Steel picked up pace on the second day of the bidding process. The issue was subscribed over 8 times so far, driven by strong interest from retail and non-institutional investors.
Stanley Lifestyles IPO share allotment likely today. Check status, GMP, listing date and other details
Stanley Lifestyles, a luxury furniture brand in India, saw strong IPO response with 97 times oversubscription. The company plans to use the IPO proceeds for expansion and renovation of stores, showcasing growth in revenue and profit after tax.
Dee Development Engineers to finalise share allotment tomorrow. Check status, GMP, listing date and other details
The net proceeds from the fresh issue will be used towards funding working capital requirements, repayment of debt, and other general corporate purposes
Stanley Lifestyles IPO opens for subscription. Should you bid?
The net proceeds from the Stanley Lifestyles IPO will be used for expenditure for opening the new stores, anchor stores, and renovating existing stores. The current grey market premium of Stanley Lifestyles is Rs 150 in the unlisted market.
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Officer's Choice whisky maker Allied Blenders IPO to open on June 25 with price band of Rs 267-281/share
Allied Blenders and Distillers Ltd sets price band for Rs 1,500-crore IPO of Officer's Choice whisky at Rs 267-281 per share, open for public from June 25-27 with bidding for anchor investors on June 24.
DEE Development Engineers IPO sails through on Day 1 on robust retail, NII demand
The net proceeds from the DEE Development Engineers IPO will be used towards funding working capital requirements, debt repayment, and other general corporate purposes. Analysts suggested investors to subscribe to the IPO as the company is the largest player in process piping solutions in India, in terms of installed capacity. Further, the issue is available at a reasonable valuation considering the future growth potential.
Dee Development Engineers IPO opens for subscription: Should you bid?
Analysts advised investors to subscribe to Dee Development Engineers IPO as the company emerged as the largest player in process piping solutions in India, in terms of installed capacity. Further, the issue is available at a reasonable valuation considering the future growth potential. SBI Capital Markets and Equirus Capital are the book-running lead managers to the issue.
HOAC Foods IPO opens today: Check issue size, price band, GMP and other details
HOAC Foods IPO: The IPO opened today and will conclude on May 21. HOAC Foods plans to raise approximately Rs 5.5 crore through the SME IPO. The company intends to list its shares on the NSE SME platform. HOAC Foods specializes in the production of flour (chakki atta), herbs and spices, unpolished pulses, grains, and yellow mustard oil.
Nearly 70% IPOs of FY24 trading above issue prices. What lies ahead in FY25?
Fiscal 2024 showcased a vibrant IPO market with 75 companies hitting the Street, including Tata Technologies and IREDA. Strong performances marked the year from the likes of Signature Global and Netweb Technologies. Analysts expect robustness in IPO market to continue.
Credo Brands share price rises 6% after flat listing. What should investors do?
"Despite the disappointing listing, Credo Brands still possesses its core strengths, including a strong brand, a wide distribution network, and consistent financial performance. However, the flat debut highlights the potential risks associated with the highly competitive market, seasonality, and current market sentiment," said Shivani Nyati, Head of Wealth, Swastika Investmart.
Credo Brands shares make a muted debut on D-Street, list at mere 1% premium
The IPO of Credo Brands received a healthy response from investors with nearly 52 times subscription. The QIB portion of the IPO was booked 104 times, followed by NIIs at 55.52 times.
Credo Brands Listing: What GMP signals ahead of debut on Wednesday
The issue was completely an offer for sale of 1.96 crore shares. Since the IPO is an OFS, the proceeds will entirely go to the selling shareholders and not the company.
IPO calendar next week: 5 SME issues, 8 listings investors need to watch out for
If we go by the grey market trends, the listings of all eight companies will likely be at a minimum premium of over 20%. Motisons Jewellers is leading the lot as the stock is trading over 100% higher than the IPO price of Rs 55.
Credo Brands GMP signals healthy gains after robust subscription. Check allotment, listing date and key details
Mumbai-based Credo Brands has garnered Rs 165 crore from marquee anchor investors ahead of its issue launch.
Credo Brands IPO share allotment: Here's how you can check status
The share allotment of Credo Brands IPO is likely to be finalised today. Investors received shares on a lottery basis and the whole process was supervised by the registrar.
Credo Brands IPO subscription at 51.85 times at close. Check GMP, allotment date
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.
Credo Brands IPO picks up pace on Day 2 with nearly 7x subscription; GMP jumps
The category reserved for retail investors was subscribed 6.9 times, while that for NIIs was booked 7.78 times. The QIB portion lagged with just 27% of subscriptions.
Credo Brands IPO booked 2.08 times on Day 1, driven by strong retail bidding; GMP rises
Credo Brands IPO is completely an offer for sale of 1.96 crore shares. Since the IPO is an OFS, the proceeds will entirely go to the selling shareholders and not the company.
6 IPOs open for subscription today. Check latest GMP figures
Grey market premium (GPM) is a premium amount at which grey market IPO shares are traded before they get listed on the stock exchange. A higher grey market premium is often a sign of strong listing gains for IPO. Currently, six mainboard IPOs are open and buzzing in the grey market. Take a look:
Credo Brands IPO opens. Should you subscribe to the issue?
The issue is completely an offer for sale (OFS) of 1.96 crore shares. Since the IPO is an OFS, the proceeds will entirely go to the selling shareholders and not the company. About 50% is reserved for qualified institutional buyers, 35% for retail investors, and the rest 15% for non-institutional investors.
Get a better idea of Credo Brands' fit post listing
Performance has seen a steady improvement over the past 3 years - with FY21 bearing the brunt of the pandemic and FY23 being the first full year of recovery.
Credo Brands raises Rs 165 crore from anchor investors; RBZ Jewellers bags Rs 25 crore
In case of Credo Brands, out of the total allocation of 58.9 lakh equity shares to anchor investors, 24.99 lakh shares were allocated to domestic mutual funds through a total of 3 schemes amounting to Rs 70 crore which is 42.4% of the total anchor book size.
Happy Forgings, RBZ Jewellers and Credo Brands IPOs to open on Tuesday. What GMP indicates ahead of subscription
Ahead of the IPO opening, Happy Forgings is trading at a premium of Rs 440 in the unlisted market as against an issue price of Rs 850. Credo Brands is commanding a premium of Rs 125, compared with an upper price band of Rs 280.
Credo Brands IPO to open on December 19: Here are 10 things to know about the offer
Under the OFS, promoters Kamal Khushlani, Poonam Khushlani, Andrew Khushlani, and other investor shareholders like Concept Communication, Bela Properties, Jay Milan, Sagar Milan will offload shares.
Credo Brands Marketing IPO price band fixed at Rs 266-280 per share
Credo Brands IPO is being made through the book building process, where 50% is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors. At the upper end of the price band, the company plans to raise about Rs 550 crore.
Mufti-owner Credo Brands to launch its IPO on December 19
The company had filed its draft IPO papers in July and received approval from the regulator in October this year. The issue is completely an offer for sale of 1.96 crore shares. The price band for the IPO will be announced soon.
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