Mufti Jeans is one of the greatest homegrown manufacturers within the mid-premium and top rate males’s informal put on marketplace in India in the case of marketplace proportion in Fiscal 2022. They imagine in offering a significant cloth wardrobe resolution for more than one events in a buyer’s existence, with their product choices starting from shirts to t-shirts to denims to chinos, which cater to all year-round clothes. Their merchandise are designed to offer a younger look whilst maintaining with the continuing model tendencies.
Their model “Mufti” used to be introduced by way of their Promoter, Kamal Khushlani, 25 years in the past with a imaginative and prescient to redefine menswear. The model used to be created instead dressing resolution and used to be designed to ship an off-the-cuff choice with a focal point on inventive, daring, and expressive clothes for the fresh Indian guy who sought after one thing extra trendy than what used to be often to be had. To stay tempo with those evolving model tendencies, their product combine has advanced considerably over the last a number of years from consisting of best shirts, t-shirts, and trousers within the 12 months 1998 to a variety of merchandise together with sweatshirts, denims, shipment, chinos, jackets, blazers and sweaters in at ease vacation casuals, unique day by day casuals to city casuals, birthday party put on and in addition athleisure classes as on date. Their design group is continuously specializing in increasing their product vary to fulfill a numerous vary of shopper wishes.
Mufti Jeans merchandise are to be had thru a pan-India multichannel distribution community that they have got constructed through the years comprising in their unique model retailers (EBOs), massive layout shops (LFSs), and multi-brand retailers (MBOs), in addition to on-line channels comprising in their site and different e-commerce marketplaces. Their multi-channel presence is deliberate strategically 147 in a way that their merchandise throughout classes are to be had at customers’ most popular buying groceries channels.
Objects of the Issue
- Achieve the advantages of record the Equity Shares at the Stock Exchanges.
- Carry out the Offer for Sale of as much as 19,634,960 Equity Shares. Further, the Company expects that the proposed record of its Equity Shares will toughen our visibility and model symbol and supply liquidity to the Shareholders and a public marketplace for the Equity Shares in India.
Credo Brands (Mufti Jeans) IPO Review (Apply or Not)
Brokerage Firm IPO Review
- Capital Market: To be up to date quickly
- Religare Broking: To be up to date quickly
- Hem Securities: To be up to date quickly
- Arihant Capital: To be up to date quickly
Credo Brands (Mufti Jeans) IPO Date & Price Band Details
IPO Open: | December 19, 2023 |
IPO Close: | December 21, 2023 |
IPO Size: | Approx ₹[.] Crores |
Fresh Issue: | Approx ₹[.] Crores |
Offer for Sale: | Approx 19,634,960 Equity stocks |
Face Value: | ₹2 Per Equity Share |
IPO Price Band: | ₹[.] to ₹[.] Per Share |
IPO Listing on: | BSE & NSE |
Retail Quota: | 35% |
QIB Quota: | 50% |
NII Quota: | 15% |
Discount: | N/A |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
Credo Brands (Mufti Jeans) IPO Market Lot
The Mufti Jeans IPO minimal marketplace lot is [.] stocks with ₹[.] software quantity. The retail traders can practice up-to 13 rather a lot with [.] stocks or ₹[.] quantity.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | – | ₹- |
Retail Maximum | 13 | – | ₹- |
S-HNI Minimum | 14 | – | ₹- |
B-HNI Minimum | 68 | – | ₹- |
Credo Brands (Mufti Jeans) IPO Allotment & Listing Dates
The Mufti Jeans IPO date is December 19 and the shut date is December 21. The Mufti Jeans IPO allotment will likely be finalized on December 22 and the IPO record on December 27.
Anchor Investors Allotment: | December 18, 2023 |
IPO Open Date: | December 19, 2023 |
IPO Close Date: | December 21, 2023 |
Basis of Allotment: | December 22, 2023 |
Refunds: | December 26, 2023 |
Credit to Demat Account: | December 26, 2023 |
IPO Listing Date: | December 27, 2023 |
You can test IPO subscription standing and IPO allotment standing on their respective pages.
Credo Brands (Mufti Jeans) IPO Form
How to use for the Mufti Jeans IPO? You can practice for Mufti Jeans IPO by means of ASBA to be had on your checking account. Just cross to the net financial institution login and practice by means of your checking account by way of settling on the Mufti Jeans IPO within the Invest phase. The different possibility is you’ll practice for Mufti Jeans IPO by means of IPO bureaucracy downloaded by means of NSE and BSE. Check out the Mufti Jeans bureaucracy – Click BSE Forms & NSE Forms clean IPO bureaucracy obtain, fill, and publish on your financial institution or together with your dealer.
Credo Brands (Mufti Jeans) Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2021 | ₹261.15 | ₹257.15 | ₹3.44 |
2022 | ₹354.83 | ₹307.00 | ₹35.74 |
2023 | ₹509.32 | ₹405.51 | ₹77.51 |
Credo Brands (Mufti Jeans) IPO Valuation – FY2023
Check Mufti Jeans IPO valuations element like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) main points.
Earning Per Share (EPS): | 29.98% |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 29.98% |
Net Asset Value (NAV): | ₹43.75 in keeping with Equity Share |
Peer Group
- Aditya Birla Fashion and Retail Limited
- Go Fashion (India) Limited
- Arvind Fashions Limited
- Kewal Kiran Clothing Limited
- Kamal Khushlani
- Poonam Khushlani
Credo Brands (Mufti Jeans) IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
Credo Brands (Mufti Jeans) IPO Allotment Status Check
Check Mufti Jeans IPO allotment standing on Linkintime site allotment URL. Click Here
Credo Brands (Mufti Jeans) IPO Lead Managers aka Merchant Bankers
- Dam Capital Advisors Ltd
- ICICI Securities Limited
- Keynote Financial Services
Company Address
Credo Brands Marketing Limited
B-8, MIDC Central Road, Marol,
Next to MIDC Police Station
Andheri (E), Mumbai – 400093,
Phone: +91 22 6141 7200
Email: [email protected]
Website: https://www.credobrands.in/
Mufti Jeans IPO FAQs
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What is Credo Brands (Mufti Jeans) IPO Minimum and Maximum Lot Size?
What is the Mufti Jeans IPO Allotment Date?
Mufti Jeans IPO allotment date is December 26, 2023.
What is the Mufti Jeans IPO Listing Date?
Mufti Jeans IPO record date is December 27, 2023. The IPO is to record on BSE and NSE.
Note: The Mufti Jeans IPO value band and date are formally introduced. The IPO gray marketplace top rate (Mufti Jeans IPO Premium) will likely be added to the IPO gray marketplace web page as it is going to get started).
– Source : IPOWATCH