Credo Brands Marketing Ltd IPO

Credo Brands Marketing Ltd IPO

Retail

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Bidding period

19 Dec 2023 - 21 Dec 2023

Bid price

₹280.00 - ₹280.00

Listing on

BSE, NSE

Listing date

27 Dec 2023

Lot size

53 shares

Issue size

₹549.78 crore


Minimum investment

₹14,840.00 / 1 lot

Maximum investment

₹1,92,920.00 / 13 lot

Bidding closed on 21 Dec 2023

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Credo Brands Marketing Ltd IPO dates

IPO opening date

19 Dec 2023

IPO end date

21 Dec 2023

Allotment date

22 Dec 2023

Initiation of refunds

26 Dec 2023

Credit of shares to demat

26 Dec 2023

IPO listing date

27 Dec 2023

Credo Brands Marketing Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹709.90
Total liabilities ₹709.90
Total expenditure ₹493.05
Total revenue ₹571.94
Profit after tax ₹59.20
EBITDA ₹165.14
Adjusted EBITDA ₹0.00

Credo Brands Marketing Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 60.9 48.22
Public group 39.1 51.78

Credo Brands Marketing Ltd strengths and risks

Information currently unavailable

  • 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.

  • Experienced Promoter and senior management team.

  • The company' business is primarily concentrated on the sale of men's casual western wear and is vulnerable to variations in demand and changes in consumer preferences which could have an adverse effect on its business, results of operations and financial condition.

  • All the products are sold under a single brand, ufti'. Any inability to effectively market the company products, or any deterioration in public perception of its brand, could affect consumer footfall and consequently adversely impact the business, financial condition, cash flows and results of operations.

  • The company's inability to grow the business across emerging markets in India and effectively manage or expand its retail network may adversely impact the company business, results of operations and financial condition.

  • While the company design the products in-house, its relies on outsourcing the manufacturing of finished products to third-party manufacturing partners, without exclusivity arrangements. Any inability to obtain sufficient quantities of apparel of the requisite quality in a timely manner and at acceptable prices, or a slowdown, shutdown or disruption in such thirdparty manufacturing partners' operations and performance, could adversely affect the company business, cash flows, results of operations and financial condition.

  • The company's business is subject to seasonality. Lower sales and revenue may adversely affect its business, financial condition, and results of operations.

  • The company may not be able to procure sufficient quantity or quality of products from third party raw material suppliers in a timely manner and at an acceptable price and this may adversely affect the business, results of operations and financial conditions.

  • The company is dependent on third party manufacturing partners for the finished products. Its may not be able to procure sufficient quantity or quality of finished goods from the manufacturing partners in a timely manner and at an acceptable price and this may adversely affect the business, results of operations and financial conditions.

  • Its business depends on continual purchases of the products and timely payments by its franchise stores, both in short and long term. Any delay or failure in sale of products or payments at the franchise stores or any disputes with franchisees may adversely impact its business, cash flows and results of operations.

  • The company operate in highly competitive markets in each of the product segments in both offline and online channels and an inability to compete effectively may adversely affect its business, results of operations and financial condition.

  • Pricing pressure from the competitors may affect its ability to maintain or increase the product prices and, in turn, the company revenue from product sale, gross margin and profitability, which may materially and adversely affect its business, cash flows, results of operations and financial condition.

How to check the allotment status of the Credo Brands Marketing Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Credo Brands Marketing Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Credo Brands Marketing Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Credo Brands Marketing Ltd IPO registrar

MUFG Intime India Pvt Ltd

Phone number +91 81081 14949
E-mail ID credobrands.ipo@linkintime.co.in
Website www.linkintime.co.in

Credo Brands Marketing Ltd IPO reservation

QIB shares offered

39,26,992 (20.0%)

NII (HNI) shares offered

29,45,244 (15.0%)

Retail shares offered

68,72,236 (35.0%)

Anchor investor shares offered

58,90,488 (30.0%)

Total shares offered

1,96,34,960

Total shares with anchor investor

1,96,34,960

Credo Brands Marketing Ltd IPO lead manager

  • DAM Capital Advisors Ltd
  • ICICI Securities Ltd
  • Keynote Financial Services Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Credo Brands Marketing Ltd IPO?

The listing date for the Credo Brands Marketing Ltd IPO is 27 Dec 2023.

What is the issue size of Credo Brands Marketing Ltd IPO?

The issue size of the Credo Brands Marketing Ltd IPO is ₹549.78 cr.

What is the minimum lot size needed for Credo Brands Marketing Ltd IPO?

The minimum lot size for Credo Brands Marketing Ltd IPO is 53

When does the Credo Brands Marketing Ltd open and close?

Credo Brands Marketing Ltd IPO is open from 19 Dec 2023 to 21 Dec 2023.

How can I apply for the Credo Brands Marketing Ltd IPO?

To apply for the Credo Brands Marketing Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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