Credo Brands’ IPO allocation is expected to be completed soon. Investors can check their attraction status on the website of the registrar, Link Intime India Private Ltd, as well as on the BSE and NSE. Credo Brands is a Main Board IPO, and its shares are listed on both BSE and NSE, with a tentative listing scheduled for December 27.
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In view of the oversubscription in the retail category, the allocation of shares to Retail Individual Investors (RIIs) will be done on a pro rata basis. For those investors who did not receive an allotment, Credo Brands will begin the refund process of the application money on December 26. At the same time, investors who have been allotted shares will see them credited to their demat accounts on the same day after the refund.
Credo Brands Marketing IPO has reserved not more than 50 percent of the shares in the public issue for QIBs, not less than 15 percent for NIIs, and not less than 35 percent of the offer is reserved for retail investors.
Steps to check the IPO allotment status:
Step 1: Visit the Link Intime India website by clicking on this link –
Step 2: Select the IPO in the dropbox, which will have its name fixed only if the allocation is completed.
Step 3: In the ‘Choice Type’ menu, choose between either the application number, beneficiary ID or PAN ID.
Step 4: Select between ASBA and non-ASBA under the application type.
Step 5: Enter the information for the mode you choose.
Step 6: Click submit after filling the captcha.
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Steps to check Credo Brands IPO on BSE website:
Step 1: Visit the allotment page on the BSE official website –
Step 2: Under ‘Theme Type’, select ‘Equality’
Step 3: Select the IPO from the drop-down menu option under ‘Issue Name’.
Step 4: Enter PAN or application number.
Step 5: Click ‘I’m not a robot’ to confirm your identity, then press the ‘Submit’ button.
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Credo Brands IPO Details
Credo Brands’ IPO is an outright offer for sale (OFS) of up to 19,634,960 equity shares of a nominal value of ₹2 each aggregating up to ₹549.78 crore, according to Red Herring Prospectus (RHP). Credo Brands Marketing IPO price band was set in the range of ₹266 to ₹280 per equity share.
Subscription Overview
The segment allotted for retail investors saw a subscription rate of 19.94 times, while the portion reserved for Non-Institutional Investors (NIIs) was oversubscribed by 55.52 times. The Qualified Institutional Buyer (QIB) segment witnessed robust demand, with a subscription volume of 104.95 times.
Also Read: Credo Brands IPO Day 3: Issue subscribed 51.85 times, QIBs steal the show
About Credo Brands
Credo Brands Marketing Limited (“Credo”) was incorporated on April 29, 1999. It offers casual wear for men under its flagship brand, “Mufti.” The company’s product mix has evolved significantly over the past several years, from consisting of just shirts. , t-shirts, and pants in 1998 to a wide range of products including sweatshirts, jeans, cargos, chinos, jackets, blazers, and sweaters in relaxed holiday casuals, authentic everyday casuals, urban casuals, party wear, as well as sports categories such as date
Disclaimer: We advise investors to check with certified experts before making any investment decisions.
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Published: 22 Dec 2023, 14:55 IST