| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹549.78 Cr |
| Offer for Sale | ₹549.78 Cr |
| Face Value | โน2 Per Equity Share |
| Price Band | โน266.00-280.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544058 |
| NSE Code | MUFTI |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | ICICI Securities Ltd. |
| Allotment Status |
| DRHP |
| RHP |
| Final Prospectus |
| Anchor List |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 53 shares and in multiples thereof
Incorporated in 1999, Credo Brands Marketing Limited offers casual clothing for men with its flagship brand "Mufti".
In 1998, the company's product range consisted only of shirts, T-shirts and trousers. Today, however, the company offers a wide range of products including sweatshirts, jeans, cargos, chinos, jackets, blazers and sweaters. These products are available in different categories, e.g. relaxed casual wear for vacations, authentic everyday wear, urban casual wear, party wear and athleisure.
The company currently operates 1,773 retail outlets across India (as of May 31, 2023). These include 379 exclusive brand stores (EBOs), 89 large format stores (LFSs) and 1,305 multi-brand stores (MBOs).
The company's reach extends from major metropolitan areas to Tier 3 cities. As of March 31, 2023, March 31, 2022, and March 31, 2021, the company is present in 582, 598 and 569 cities, respectively.
As of May 31, 2023, the company's design team consisted of 15 members. They made it possible to create and produce more than 1,348 designs in the 2023 financial year.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 592.38 | 574.48 | 476.05 | 416.99 |
| Total Income | 119.43 | 509.32 | 354.84 | 261.15 |
| Profit After Tax | 8.58 | 77.51 | 35.74 | 3.44 |
| NET Worth | 289.88 | 281.35 | 235.73 | 192.33 |
| Total Borrowing | 11.30 | 10.08 | 13.46 | 15.23 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 29.98% |
| ROCE | 28.16% |
| Debt / Equity | 0.65% |
| RoNW | 29.98% |
| PAT Margin | 15.56% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 0.54 | |
| P/E (x) | 23.22 | 23.23 |
| Promoter Holding | 66.66% | 53.66% |
| Market Cap | โน1800.45 Cr. | |