Credo Brands (Mufti Jeans) IPO

  1. Credo Brands IPO Details: Credo Brands aka Mufti Jeans IPO date is fixed
  2. the IPO is to hit the market on December 19 and will close on December 21
  3. . 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.
  4. 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.

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