{"id":5452,"date":"2023-12-15T14:48:14","date_gmt":"2023-12-15T09:18:14","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=5452"},"modified":"2023-12-15T14:48:22","modified_gmt":"2023-12-15T09:18:22","slug":"mufti-menswear-ipo-details","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/mufti-menswear-ipo-details\/","title":{"rendered":"Credo Brands Marketing Limited IPO Details - Complete Overview of Mufti Menswear IPO"},"content":{"rendered":"\n

Mufti Menswear IPO Price: <\/strong>\u20b9266 - \u20b9280
IPO Date Range:<\/strong> Dec 19, 2023 - Dec 21, 2023<\/p>\n\n\n\n

\n
\n
\n
\n
\"Mufti<\/figure>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
\n

Foundation & Business Essence:<\/h2>\n\n\n\n

Established in 1999, Credo Brands Marketing Limited introduces stylish casual men's clothing through its flagship brand, \"Mufti\".<\/p>\n<\/div>\n<\/div>\n\n\n\n

Product Portfolio:<\/h2>\n\n\n\n

The company initially revolved around a limited spectrum of offerings: shirts, T-shirts, and trousers. However, as time unfurled its wings, the company embarked on an evolutionary path. Presently, its product portfolio is a testament to its growth, encompassing an expansive array. <\/p>\n\n\n\n

Alongside the classic ensemble of sweatshirts, jeans, cargos, chinos, jackets, blazers, and sweaters, the repertoire extends further, embracing diverse categories that cater to an individual's every mood and occasion. From relaxed vacation wear that breathes an air of ease to authentic, versatile day-to-day wear, urban casual ensembles, attention-grabbing party outfits, and the fusion of comfort and style in athleisure\u2014this expansive collection now mirrors its patrons' diverse preferences and lifestyles.<\/p>\n\n\n\n

Network and Presence<\/h2>\n\n\n\n

The company presently operates 1,773 retail outlets throughout India as of May 31, 2023. Among these, there are 379 exclusive brand stores (EBOs), 89 large format stores (LFSs), and 1,305 multi-brand stores (MBOs).<\/p>\n\n\n\n

Spanning major metropolitan areas to Tier 3 cities, the company's presence has steadily expanded. As of March 31, 2023, 2022, and 2021, it has established itself in 582, 598, and 569 cities, respectively. <\/p>\n\n\n\n

By May 31, 2023, the company boasted a design team comprising 15 members. Their collaborative efforts enabled the creation and production of over 1,348 designs during the 2023 financial year.<\/p>\n\n\n\n

Bidding Starts In<\/h2>\n\n\n\n
-<\/div>
DAYS<\/div><\/div>
-<\/div>
HOURS<\/div><\/div>
-<\/div>
MINUTES<\/div><\/div>
-<\/div>
SECONDS<\/div><\/div><\/div>\n\n\n\n
APPLY NOW<\/span><\/path><\/svg>

Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n

Mufti Menswear IPO Specifics:<\/h2>\n\n\n\n
IPO Date<\/td>December 19, 2023 to December 21, 2023<\/td><\/tr>
Listing Date<\/td>Wednesday, December 27, 2023<\/td><\/tr>
Face Value<\/td>\u20b92 per share<\/td><\/tr>
Price Band<\/td>\u20b9266 to \u20b9280 per share<\/td><\/tr>
Lot Size<\/td>53 shares<\/td><\/tr>
Total Issue Size<\/td>19,634,960 shares
(aggregating up to \u20b9549.78 Cr)<\/td><\/tr>
Offer For Sale<\/td>19,634,960 shares
(aggregating up to \u20b9549.78 Cr)<\/td><\/tr>
Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
Listing At<\/td>BSE, NSE<\/td><\/tr>
Share holding pre issue<\/td>64,301,880<\/td><\/tr>
Share holding post issue<\/td>64,301,880<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Mufti Menswear IPO Lot Size<\/h2>\n\n\n\n

Investors have the option to bid for a minimum of 53 shares, with the opportunity to increase in multiples of this amount. The table below illustrates the minimum and maximum investment potential for both retail investors and HNIs in terms of shares and corresponding amounts.<\/p>\n\n\n\n

Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
Retail (Min)<\/td>1<\/td>53<\/td>\u20b914,840<\/td><\/tr>
Retail (Max)<\/td>13<\/td>689<\/td>\u20b9192,920<\/td><\/tr>
S-HNI (Min)<\/td>14<\/td>742<\/td>\u20b9207,760<\/td><\/tr>
S-HNI (Max)<\/td>67<\/td>3,551<\/td>\u20b9994,280<\/td><\/tr>
B-HNI (Min)<\/td>68<\/td>3,604<\/td>\u20b91,009,120<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Mufti Menswear IPO Reservation<\/h2>\n\n\n\n
QIB Shares Offered<\/td>Not more than 50% of the Net Issue<\/td><\/tr>
Retail Shares Offered<\/td>Not less than 35% of the Net Issue<\/td><\/tr>
NII (HNI) Shares Offered<\/td>Not less than 15% of the Net Issue<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Mufti Menswear IPO Timetable (Important Dates)<\/h2>\n\n\n\n
IPO Open Date<\/td>Tuesday, December 19, 2023<\/td><\/tr>
IPO Close Date<\/td>Thursday, December 21, 2023<\/td><\/tr>
Basis of Allotment<\/td>Friday, December 22, 2023<\/td><\/tr>
Initiation of Refunds<\/td>Tuesday, December 26, 2023<\/td><\/tr>
Credit of Shares to Demat<\/td>Tuesday, December 26, 2023<\/td><\/tr>
Listing Date<\/td>Wednesday, December 27, 2023<\/td><\/tr>
Cut-off time for UPI mandate confirmation<\/td>5 PM on December 21, 2023<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Don't Miss Out!<\/h2>
<\/div>

Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n

\n
APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n

Credo Brands Marketing Limited IPO Financial Information<\/h2>\n\n\n\n

Credo Brands Marketing Limited witnessed a remarkable 43.54% surge in revenue and an impressive 116.88% rise in profit after tax (PAT) between the financial years ending on March 31, 2023, and March 31, 2022.<\/p>\n\n\n\n

Period Ended<\/th>31 Mar 2021<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th>30 June 2023<\/th><\/tr><\/thead>
Assets<\/td>416.99<\/td>476.05<\/td>574.48<\/td>592.38<\/td><\/tr>
Revenue<\/td>261.15<\/td>354.84<\/td>509.32<\/td>119.43<\/td><\/tr>
Profit After Tax<\/td>3.44<\/td>35.74<\/td>77.51<\/td>8.58<\/td><\/tr>
Net Worth<\/td>192.33<\/td>235.73<\/td>281.32<\/td>289.88<\/td><\/tr>
Total Borrowings<\/td>15.23<\/td>13.46<\/td>10.08<\/td>11.30<\/td><\/tr><\/tbody><\/table>
Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n\n\n\n

Key Performance Indicator - Credo Brands Marketing Limited IPO<\/h2>\n\n\n\n
KPI<\/th>Values<\/th><\/tr><\/thead>
P\/E (x)<\/td>23.22<\/td><\/tr>
ROE<\/td>29.98%<\/td><\/tr>
ROCE<\/td>28.16%<\/td><\/tr>
Debt\/ Equity<\/td>0.65<\/td><\/tr>
EPS (Rs)<\/td>0.54<\/td><\/tr>
RoNW<\/td>29.98%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Objects of the Issue:<\/strong><\/h2>\n\n\n\n

The Offer aims to attain two primary objectives: <\/p>\n\n\n\n