Credo Brands IPO Details: Credo Brands aka Mufti Jeans IPO date is fixed
the IPO is to hit the market on December 19 and will close on December 21
. Mufti Jeans IPO to raise around ₹550 crores via IPO that comprises fresh issue of NIL and offer for sale up to 19,634,960 equity shares ₹2 each.
The retail quota is 35%, QIB is 50%, and HNI is 15%
Mufti Jeans is among 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.
Mufti Jeans products are available through a pan-India multichannel distribution network that they have built over the years comprising of their exclusive brand outlets (EBOs), large format stores (LFSs), and multi-brand outlets (MBOs), as well as online channels comprising of their website and other e-commerce marketplaces.
The Mufti Jeans IPO minimum market lot is 53 shares with ₹14,840 application amount.
The retail investors can apply up-to 13 lots with 689 shares or ₹192,920 amount.
The Mufti Jeans IPO date is December 19 and the close date is December 21.
The Mufti Jeans IPO allotment will be finalized on December 22 and the IPO listing on December 27.
