Credo Brands IPO subscription status: Credo Brands’ IPO saw a healthy response from retail investors as the retail portion of the IPO was subscribed 2.93 times by 4:25 pm on Tuesday, December 19, the first day of the IPO. According to data available with BSE, the non-institutional investors (NIIs) portion of Credo Brands IPO was subscribed 1.43 times while qualified institutional buyers (QIBs) portion was subscribed 0.01 times. In total, the IPO was subscribed 1.77 times by that time. Credo Brands’ IPO opened for subscription on Tuesday and will close on Thursday.
The clothing company has set the Credo Brands IPO price at ₹266 to ₹280 per equity share. It is meant to raise ₹549.78 crore from its initial offer. The public issue is proposed for listing on BSE and NSE.
IPO GMP of Credo Brands (grey market premium): Shares of Credo Brands Marketing Ltd are available for trading on unlisted markets. According to stock market watchers, Credo Brands Marketing shares are available at a premium of ₹136 in the gray market today.
Also read: Happy Forgings IPO subscribed 65% so far on day 1; retail part fully reserved
Important Credo Brands Marketing IPO details
Here we list important IPO details of Credo Brands Marketing:
1) Credo Brands IPO GMP: Shares of the company are available at a premium of ₹136 in the gray market today, market watchers say.
2) IPO price of Credo Brands: The clothing company has set the Credo Brands IPO price at ₹266 to ₹280 per equity share.
3) Credo Brands IPO Date: The public offer opened today and it will remain open until December 21, 2023 ie until Thursday this week.
4) Credo Brands IPO size: The company aims to raise ₹549.78 crore from this public issue out of which is entirely OFS (offer for sale) in nature.
5) Size of Credo Brands IPO: Bidder will be able to apply in lots and one lot of the IPO consists of 53 company shares.
6) Credo Brands IPO Date: Following the T+3 listing rule, most likely date for share allotment is December 22, 2023.
Also Read: Muthoot Microfin IPO: Issue fully booked on day 2, retail portion subscribed more than 2 times; GMP constant
7) Credo Brands IPO Registry: Link Intime India Private Limited has been appointed as official registrar of the public offering.
8) Credo Brands IPO List: The public issue is proposed for listing on BSE and NSE.
9) Credo Brands IPO listing date: The likely date for a stock listing is December 27, 2023.
Also Read: Credo Brands IPO opens today: GMP, subscription status, review, other details. Do you have to apply?
Disclaimer: The views and recommendations made above are those of individual analysts or trading companies, and not of Mint. We advise investors to check with certified experts before making any investment decision.
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Published: 19 Dec 2023, 12:28 IST