Credo Brands Marketing IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jul 28, 2023Credo Brands Marketing Limited is all set to debut in the market through its highly anticipated Initial Public Offering (IPO).
With a total of up to 19,634,960 equity shares on offer, the IPO comprises an Offer for Sale (OFS) by various stakeholders, including the Promoter Selling Shareholders and Promoter Group Selling Shareholders.
As the market eagerly awaits this significant event, investors and stakeholders are closely monitoring the Credo Brands Marketing IPO performance and its potential impact on the company’s growth prospects.
| Face Value | Rs 2 |
| Price Band | Rs NA |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA Shares |
| Listing Date | NA |
| Offer for Sale | Rs NA Crore |
| Fresh Issue | Rs NA Crore |
| IPO Size | Rs NA Crore |
| Tick Size | 1 |
Credo Brands Marketing IPO Overview
Credo Brands Marketing Limited (the Company or Issuer) is gearing up to launch its Initial Public Offering (IPO) in the market. The Credo Brands Marketing IPO will include up to 19,634,960 equity shares, each with a face value of Rs. 2.
The IPO involves an Offer for the Sale of equity shares by various stakeholders. Kamal Khushlani and Poonam Khushlani, the Promoter Selling Shareholders, will offer up to 4,140,000 and 4,275,000 equity shares, respectively.
Similarly, the Promoter Group Selling Shareholders, Sonakshi Khushlani, and Andrew Khushlani plan to sell up to 108,000 equity shares each.
The equity shares offered collectively constitute the Offered Shares. Upon completion, the IPO will account for 30.54% of the post-offer paid-up equity share capital of Credo Brands Marketing Limited.
The company will determine the specific price band and minimum bid lot for the Credo Brands Marketing IPO.
The market eagerly awaits this significant event, with investors and stakeholders keenly observing its performance and its potential impact on the company’s prospects.
Credo Brands Marketing IPO Important Dates
| Events | Date |
| IPO Opening Date | Not Disclosed |
| IPO Closing Date | Not Disclosed |
| Basis of Allotment Finalization | Not Disclosed |
| Refunds Initiation | Not Disclosed |
| Credit of Shares to Demat Account | Not Disclosed |
| Share Listing Date | Not Disclosed |
Credo Brands Marketing Limited is preparing for its much-anticipated Initial Public Offering (IPO), and investors eagerly await the company’s announcement of the important dates.
Currently, the company has not yet disclosed the specific dates for the Credo Brands Marketing IPO, including the opening date, closing date, and listing date.
The market is abuzz with anticipation as the IPO date announcement approaches. Investors and financial experts closely monitor updates from the company, eager to be among the first to receive the official IPO schedule.
Credo Brands Marketing IPO Price, Size, Share Offerings
| Face Value | Rs.2 |
| Price Band | Rs NA |
| Offer for Sale | Rs NA Crore |
| Fresh Issue | Rs NA Crore |
| IPO Size | Rs NA Crore |
Promoters and existing shareholders are offering a complete offer for sale (OFS) of up to 1.96 crore shares in the Credo Brands Marketing IPO.
The OFS includes shares from promoters Kamal Khushlani and Poonam Khushlani, as well as other shareholders like Andrew Khushlani, Jay Milan Mehta, Sagar Milan Mehta, Concept Communication, and Bela Properties.
Currently, the promoters and promoter group members collectively hold over 67% stake in Credo Brands Marketing. Bennett Coleman & Co, which invested over Rs. 9 crores for a 12.36% ownership, is also participating in the OFS.
Credo Brands Marketing is a prominent homegrown brand in the mid-premium and premium casual men’s wear market in India.
The company will determine the IPO’s price, size, and share offerings based on the demand and response from investors once it officially launches the IPO.
Credo Brands Marketing IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Disclosed | |||
As of now, there is no available information regarding the Credo Brands Marketing IPO GMP. The GMP, which indicates the premium or price at which the IPO shares are being traded in the unofficial market before the official listing, has not been disclosed yet.
Investors and market participants are eagerly awaiting updates on the GMP to gauge the market sentiment and demand for Credo Brands Marketing’s IPO shares.
However, at this moment, any details regarding the GMP are not known. It is essential to keep a close eye on reliable sources for future announcements and updates regarding the Credo Brands Marketing IPO GMP as the IPO process progresses.
Credo Brands Marketing IPO Subscription Status
| Day / Date | QIB | NII | RII | Emp | Total Subscription |
| 1st Day – | |||||
| 2nd Day – | |||||
| 3rd Day – | |||||
| Shares Offered or Net Issue |
As of the current update, there is no information available regarding the Credo Brands Marketing IPO Subscription status.
Investors and market participants are eagerly awaiting official announcements and updates from the company or regulatory authorities. Once the subscription status is disclosed, it will provide valuable insights into the level of investor interest and demand for the IPO.
Credo Brands Marketing IPO Allotment Status
Credo Brands Marketing Limited (the Company or Issuer) is currently processing the allotment status for its IPO. The company is actively allocating shares to successful applicants.
As of now, there is no information available regarding the IPO allotment status. Investors and applicants eagerly await updates on the allotment process, which will determine the allocation of shares to successful applicants.
The company is responsible for releasing official statements or notifications regarding the Credo Brands Marketing IPO Allotment status.
Once the allotment process is completed, the company will make the information available to investors. Investors will be able to check their allotment status through the official channels provided by the company or the registrar.
Credo Brands Marketing IPO Live Performance
As of now, there is no available information about the live performance of the Credo Brands Marketing IPO. The market has not disclosed any details regarding how the IPO is performing in real-time.
Investors and stakeholders are actively awaiting updates and further information about the Credo Brands Marketing IPO Live Performance.
Given the significance of the IPO in the company’s journey, market participants are closely monitoring its live performance to evaluate its success and impact on the company’s growth and valuation.
Any official information or updates about the IPO’s live performance will be shared with the public, allowing investors to make well-informed decisions based on real-time data.
As of the present moment, the live performance of the Credo Brands Marketing IPO remains undisclosed, and market participants are eagerly anticipating future announcements and developments concerning this IPO.
Subscribe to Credo Brands Marketing IPO – Open Free Demat Account Now!
Latest Credo Brands Marketing IPO News
As of the latest update, there is no specific information available regarding the Credo Brands Marketing IPO. The Credo Brands Marketing IPO news has been limited, with no recent announcements or updates from the company or official sources.
Investors and stakeholders are eagerly awaiting further details, but as of now, there is no concrete news or developments to report.
As soon as new information becomes available, it will be eagerly shared and closely monitored by the market. Stay tuned for any updates on the Credo Brands Marketing IPO as the situation unfolds.
Credo Brands Marketing – Company Review
Credo Brands Marketing Private Limited is a well-established company that was incorporated on 29th April 1999. It operates as a Non-govt company and is registered with the Registrar of Companies in Mumbai.
The company’s authorized share capital stands at Rs. 50,000,000, and its paid-up capital is Rs. 32,150,940.
Primarily engaged in the manufacture of wearing apparel, excluding fur apparel, Credo Brands Marketing Private Limited caters to the growing fashion needs of its customers.
The company manufactures a wide range of apparel using materials sourced both in-house and through contract activities.
The company has been diligent in adhering to corporate compliance requirements. Its most recent Annual General Meeting (AGM) was held on 24th December 2021. As per the records from the Ministry of Corporate Affairs (MCA), the company’s latest balance sheet was filed on 31st March 2021.
With a rich history and a strong market presence, Credo Brands Marketing Private Limited is now poised to embark on its Initial Public Offering (IPO), marking a significant milestone in its journey.
As the company looks to expand its horizons and capitalize on the dynamic fashion industry, investors and stakeholders are closely observing its progress and potential growth prospects.
Products or Services
Credo Brands Marketing Limited offers a diverse range of stylish men’s apparel, including shirts, trousers, jeans, jackets, and ethnic wear.
With exclusive brand outlets, multi-brand outlets, and large format stores, the company ensures its collections are easily accessible to customers across India.
Staying updated with fashion trends, Credo Brands Marketing provides personalized assistance and excellent customer service to enhance the shopping experience.
Through Credo Brands Marketing IPO, the company aims to further expand and solidify its position in the mid-premium and premium casual men’s wear market while continuing to cater to modern Indian men’s style preferences.
Promoters and Holding
The key promoters of Credo Brands Marketing Limited are Kamal Khushlani and Poonam Khushlani. Together, they hold a significant stake in the company, totalling over 67% of the ownership.
Additionally, there are promoter group members, Sonakshi Khushlani and Andrew Khushlani, who also hold stakes in the company.
Is Credo Brands Marketing Good for Investment?
Credo Brands Marketing Limited is a well-established player in the Indian fashion industry, particularly in the mid-premium and premium casual men’s wear market.
The company’s focus on quality, design, and innovation has helped it gain a loyal customer base and solidify its position in the competitive fashion landscape.
One of the company’s strengths lies in its extensive retail presence across India, with a network of exclusive brand outlets, multi-brand outlets, and large format stores. This widespread distribution allows Credo Brands Marketing to reach a diverse audience and cater to various style preferences.
Another commendable aspect is the company’s ability to stay ahead of fashion trends, ensuring that its collections reflect the latest styles and preferences of the modern Indian man. This adaptability to changing market demands has contributed to its success and relevance in the fashion industry.
Furthermore, Credo Brands Marketing’s commitment to providing excellent customer service through its retail outlets and online platforms enhances the overall shopping experience for customers.
However, it is essential to closely monitor how the company manages its financials and sustains growth in the long run. As the fashion industry remains dynamic and competitive, Credo Brands Marketing must continue to innovate and stay relevant to meet evolving customer needs.
The upcoming Initial Public Offering (IPO) is a significant milestone for the company, offering an opportunity for investors to be a part of its future growth and success. Investors should carefully assess the IPO prospectus and financials before making any investment decisions.
Overall, Credo Brands Marketing Limited appears to be a promising player in the fashion industry, but investors should exercise due diligence and consider various factors before making any investment choices.
Credo Brands Marketing Financial Statements
| Amount (in INR & Million) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Assets |
5,744.80
|
4,760.49
|
4,169.90
|
| Revenue |
5,093.22
|
3,548.35
|
2,611.54
|
| Expense |
4,055.10
|
3,070.02
|
2,571.46
|
| Profit After Tax |
775.14
|
357.40
|
34.41
|
As of March 31, 2023, Credo Brands Marketing Limited has displayed a commendable financial performance over the years, reflecting its strong presence and growth in the fashion industry.
The company’s total assets stand at Rs 5,744.80 million, with a substantial proportion in non-current assets, including property, plant, equipment, and financial assets. Current assets also show promising figures, with a notable increase in cash and cash equivalents.
Equity and liabilities showcase a stable position, with equity share capital and other equity contributing to the majority of the company’s total equity.
Non-current liabilities primarily comprise financial liabilities and lease liabilities, indicating prudent financial management. Current liabilities consist of financial liabilities, trade payables, and other current liabilities.
In terms of profit and loss, Credo Brands Marketing demonstrates impressive revenue growth, with total income reaching Rs 5,093.22 million in the latest financial year.
The company effectively manages expenses, including costs of materials consumed, purchases of stock-in-trade, and employee benefits, resulting in a restated profit before tax surging to Rs 1,038.12 million.
Credo Brands Marketing efficiently manages its tax expense, contributing to a restated profit for the year amounting to Rs 775.14 million. Moreover, the company records other comprehensive income, further reinforcing its financial strength.
Overall, Credo Brands Marketing’s financial performance indicates a promising outlook, underlining its position as a key player in the Indian fashion industry.
As the company prepares for its Initial Public Offering (IPO), investors can closely analyze its financial statements and consider this data in their investment decisions.
| Earnings per Equity Share (in Million) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted |
12.06
|
5.60
|
0.54
|
Credo Brands Marketing IPO Review
The Credo Brands Marketing IPO offers a promising opportunity with steady revenue growth and a strong market presence. With up to 1.96 crore shares offered by promoters and existing shareholders, it showcases their confidence in the company’s future.
Cautious financial management has led to a restated profit before tax of Rs 1,038.12 million. The company’s wide distribution network of 1,773 touchpoints across India positions it for further growth.
However, potential investors should analyze financial statements, review the prospectus, and consider market trends before making any decisions. With careful research, the IPO presents a chance to invest in a thriving brand in India’s fashion industry.
Credo Brands Marketing IPO Details
Here are a few more details you need to know before investing in Credo Brands Marketing IPO –
Credo Brands Marketing IPO Issue Object
Thus, Credo Brands Marketing has proposed diverse objectives for making the IPO offer and some of the objectives are:
- To achieve the benefits of listing Equity Shares on the Stock Exchanges; and
- To carry out the Offer for Sale of up to 19,634,960Equity Shares, aggregating up to Rs [●] million, by the Selling Shareholders
Credo Brands Marketing IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Strong brand equity with presence across categories;
- Multi-channel pan-India distribution network;
- Scalable asset light model;
- Strong in-house design competencies to deliver innovative and high-quality products with end-to-end tech-enabled supply chain capabilities;
- Financially stable business model; and
- Experienced Promoter and senior management team.
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 |
12.06
|
29.98
|
43.75
|
| 31-Mar-22 |
5.60
|
16.70
|
– |
| Mar-21 |
0.54
|
1.81
|
– |
Credo Brands Marketing IPO Lead Managers
Here is the list of Lead managers –
-
DAM Capital Advisors Limited
-
ICICI Securities Limited
-
Keynote Financial Services Limited
Credo Brands Marketing IPO Registrar to offer
Check out the details of the registrar here –
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083 Maharashtra, India
Telephone: +9181081 14949
E-mail: credobrands.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance e-mail: credobrands.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.:INR00000405
Credo Brands Marketing IPO – Other Details
- Statutory Auditor – Deloitte Haskins and Sells LLP
- Legal Counsel to the Company – J. Sagar Associates
- Bankers to the Company – YES Bank Limited, Axis Bank Limited, HDFC Bank Limited and Kotak Mahindra Bank Limited
Credo Brands Marketing IPO Verdict by Stock Brokers
The Credo Brands Marketing IPO presents an enticing investment opportunity in the Indian fashion industry. The company’s commendable financial performance, steady revenue growth, and strong market presence make it an attractive prospect for potential investors.
With up to 1.96 crore shares offered by promoters and existing shareholders, it showcases their confidence in the company.
However, as with any investment decision, investors must conduct thorough research, review the IPO prospectus, and analyze the company’s financial statements.
Considering market trends and consulting with financial experts can also aid in making an informed decision.
Overall, the Credo Brands Marketing IPO holds the potential for significant returns, but investors should exercise caution and diligence before taking part in the offering.
Credo Brands Marketing IPO – Conclusion
The Credo Brands Marketing IPO has garnered considerable interest in the market due to the company’s commendable financial performance, strong market presence, and impressive revenue growth.
However, prospective investors must conduct thorough research and review the IPO prospectus before making any investment decisions. As the IPO unfolds, it offers a promising opportunity to invest in a prominent player in the Indian fashion industry.
To Subscribe to Credo Brands Marketing IPO – Open Demat Account Now!
Credo Brands Marketing IPO Review FAQs
Check out the FAQs on Credo Brands Marketing IPO –
What is the Issue Size of Credo Brands IPO?
The Company is making an initial public offer of 19,634,960 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Credo Brands IPO?
The price band for this particular IPO ranges between Rs.NA to Rs. NA. As far as the face value of the share is of concern, it is Rs.2 per share.
What is the Credo Brands Marketing IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Credo Brands IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Credo Brands IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Credo Brands IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. NA. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Credo Brands IPO?
Here are the promoters of this IPO – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Credo Brands IPO?
They have obtained the GMP of this IPO and it is Rs. NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Are Credo Brands Marketing IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Credo Brands Marketing Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 775.14, 2022 is 357.40, 2021 is 34.41.
Featured Topics