iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Credo Brands Marketing IPO: Issue opens for subscription, check live details here

19 Dec 2023 , 11:48 AM

The initial public offering (IPO) of Credo Brands Marketing, the company behind the ‘Mufti’ brand, has officially opened for subscription. This IPO is structured as a complete offer for sale (OFS) of 1.96 crore shares, meaning that the proceeds will go entirely to the selling shareholders and not the company. To participate, investors can subscribe to the IPO here.

In the initial hours, the IPO has garnered bids for 66,27,915 equity shares out of the 1,37,44,472 shares available for subscription. As of 11:40 AM, the overall subscription stands at 48%. Notably, the retail portion of the IPO has been subscribed to 84% of the available quota, while non-institutional investors have achieved a 30% subscription. However, the qualified institutional investors’ portion is yet to be subscribed.

Credo Brands has set the price band for the IPO at Rs 266 to Rs 280 per equity share. Interested bidders can apply in lots, with one lot comprising 53 company shares. 

Credo brands IPO

Related Tags

  • Credo Brands Marketing IPO
  • Credo Brands Marketing IPO details
  • Credo Brands Marketing IPO GMP
  • Credo Brands Marketing IPO subscribe
  • Credo Brands Marketing IPO subscription
  • Credo Brands Marketing IPO subscription link
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.