Credo Brands IPO price band: The Credo Brands IPO price band has been set in the range of ₹266 to ₹280 per equity share of the face value of ₹2. The Credo Brands IPO subscription date is scheduled for Tuesday, December 19, and will close on Thursday, December 21. The allocation to anchor investors for the Credo Brands IPO is scheduled to take place on Monday, December 18.
The floor price is 133 times the nominal value of the equity shares, and the limit price is 140 times the nominal value of the equity shares. The price-to-earnings ratio based on diluted EPS for the financial year 2023 at the floor price is 22.06 times and at the limit price is 23.22 times. The Credo Brands Marketing IPO lot size is 53 equity shares and in multiples of 53 equity shares thereafter.
“Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial information!” Click here!
Credo Brands Marketing IPO reserved no more than 50% of the shares in the public issue for qualified institutional buyers (QIB), no less than 15% for non-institutional Institutional Investors (NII), and no less than 35% of the offer. is reserved for retail investors.
Provisionally, the Credo Brands IPO share allotment basis will be finalized on Friday, December 22, and the company will initiate refunds on Tuesday, December 26, while the shares will be credited to the demat account of allottees in same day after refund. The share price of Credo Brands is likely to be listed on BSE and NSE on Wednesday, December 27. Given that T+3 listing is mandatory from December 1, 2023, Credo Brands Marketing IPO will list on major markets this month under this standard.
(more to come)
Unlock a world of Perks! From insightful newsletters to real-time stock tracking, breaking news and a personalized news feed – it’s all here, just a click away! Login Now!
Catch all Business News, Market News, Breaking News and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More or less
Published: 14 Dec 2023, 09:19 IST