CREDO BRANDS
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.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 122.2 points up at 21563.55
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.
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.
Mufti-owner Credo Brands Marketing gets SEBI nod to raise funds via IPO
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.
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