Credo Brands Marketing Ltd. IPO

Credo Brands Marketing Limited, the powerhouse behind the iconic Mufti menswear brand, has been shaping Indian fashion for over 25 years. Mufti, the brand itself, pulsates with the spirit of Mumbai, offering stylish and affordable casual wear for men who embrace an expressive and youthful outlook. Renowned for its keen understanding of Indian preferences and trendsetting designs, Mufti has conquered a significant share of the premium and mid-premium menswear market. Beyond being a fashion choice, Mufti fosters a community for its customers, celebrating their individuality and inspiring them to be their boldest selves. With a loyal fanbase and a proven track record of growth, Credo Brands is poised to continue its fashion journey, leaving its mark on the wardrobes and hearts of Indian men.

RHP
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DRHP
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Open Date

2023-12-19

Close Date

2023-12-21

Credo Brands Marketing Ltd. IPO Details

Check out the issue details for Credo Brands Marketing Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 280

Price Band

₹ 266 - 280

Issue Size

549.78 Cr.

Issue Type

Book Built

Open

2023-12-19

Close

2023-12-21

Listingprice

₹ 282.35

ListingGain

0.84%

Listing Date

2023-12-27

CMP

₹ 177.86

Current Return

-36.48%

Credo Brands Marketing Ltd. News

Credo Brands Marketing informs about earnings call transcript 5 Nov, 5:17PM Credo Brands Mktg - Quaterly Results28 Oct, 2:23PM Credo Brands Mktg - Quaterly Results28 Oct, 2:23PM Credo Brands Mktg - Quaterly Results28 Oct, 2:23PM Credo Brands Marketing informs about closure of trading window 27 Sep, 5:25PM Credo Brands Mktg - Quaterly Results6 Aug, 5:30PM Credo Brands Mktg - Quaterly Results6 Aug, 5:30PM Credo Brands Mktg - Quaterly Results6 Aug, 5:30PM Credo Brands Mktg - Quaterly Results30 May, 9:01PM Credo Brands Mktg - Quaterly Results30 May, 9:01PM Credo Brands Marketing informs about analyst meet 30 May, 10:26AM Credo Brands Mktg - Quaterly Results14 Feb, 5:22PM Credo Brands Mktg - Quaterly Results14 Feb, 5:22PM Credo Brands Marketing informs about press release17 Jan, 2:27PM Credo Brands Mktg - Quaterly Results16 Jan, 4:47PM Credo Brands Mktg - Quaterly Results16 Jan, 4:47PM Credo Brands Mktg - Quaterly Results16 Jan, 4:47PM Credo Brands Marketing coming with IPO to raise upto Rs 550 crore18 Dec, 4:32PM Credo Brands Marketing gets Sebi's nod to float IPO 17 Oct, 12:04PM Credo Brands Marketing files IPO papers with SEBI 17 Jul, 11:40AM

Company Financials

You can get the following financial statements of Credo Brands Marketing Ltd. as of now.

Exchange

NSE: MUFTI BSE: 544058

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

The details about the Credo Brands Marketing Limited IPO (Mufti Menswear IPO) is as:

  • The issue size of the IPO is 549.78 Cr.
  • The price band for Credo Brands Marketing Limited IPO (Mufti Menswear IPO) is Rs 266 to Rs 280.
  • The shares of Credo Brands Marketing Limited IPO (Mufti Menswear IPO) will list on 27th December 2023.
  • The latest tentative GMP of Credo Brands Marketing Limited IPO (Mufti Menswear IPO) is Rs 125.
  • The shares of Credo Brands Marketing Limited IPO (Mufti Menswear IPO) is subscribed 51.85 Times as of 21st December 2023. 

 

Credo Brands Marketing Limited IPO (Mufti Menswear IPO) Valuation

The approx valuation of Credo Brands Marketing Limited IPO (Mufti Menswear IPO) based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 280
Existing Shares (Qty) 6.43 Cr
Market Cap 1800.4 Cr
EPS (FY23) Rs 12.06
PE Ratio 23.21x
Industry PE 95.19x

 

Credo Brands Marketing Limited IPO (Mufti Menswear IPO) Issue Size

Credo Brands Marketing Limited IPO (Mufti Menswear IPO) issue size is 549.78 Cr. 

Issue Amount
Fresh Issue 0 Cr
Offer For Sale 549.78 Cr

 

Credo Brands Marketing Limited IPO (Mufti Menswear IPO) Market Lot

An Individual can apply for a minimum 1 lot of 53 shares and a maximum of 13 lots of 689 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 53 14,840
 Maximum 13 689 1,92,920

 

Credo Brands Marketing Limited IPO (Mufti Menswear IPO) share offer

The shares of Credo Brands Marketing Limited IPO (Mufti Menswear IPO) is subscribed 51.85 Times as of 21st December 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 104.95 Times
Non-Institutional Minimum 15% 55.52 Times
Retail Individual Minimum 35% 19.94 Times
Total   51.85 Times

Find below the dates for Credo Brands Marketing Limited IPO (Mufti Menswear IPO):

Schedule Date
Basis of Allotment 22 December 2023
Refunds 26 December 2023
Credit to Demat Account 26 December 2023
IPO Listing Date 27 December 2023

 

Credo Brands Marketing Limited IPO (Mufti Menswear IPO) allotment is released. Check by clicking on the button below.

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Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 449.96 293.4 341.17 498.18 567.33
Total Expenditure 406.15 264.94 248.07 336.41 406.8
Operating Profit 43.81 28.46 93.1 161.78 160.53
Other Income 2.17 1.67 13.66 13.14 4.61
Interest 6.57 5.49 15.03 17.74 24.06
Depreciation 13.19 12.58 45.89 53.43 62.23
Exceptional Items 0 0 0 0 0
Profit Before Tax 26.23 12.06 45.85 103.75 78.86
Provision for Tax 10.61 3.42 12.09 26.3 19.7
Net Profit 15.47 9.26 33.75 77.45 59.16
Adjusted EPS (Rs.) 0.24 0.14 0.53 1.2 0.92

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 3.19 3.19 3.19 3.22 12.9
Total Reserves 184.87 194.8 232.6 278.14 328.74
Borrowings 15.06 13.4 10.08 6.76 4.85
Other N/C liabilities 24.34 22.34 130.5 170.34 198.67
Current liabilities 61.13 48.68 83.87 95.78 138.05
Total Liabilities 288.59 282.41 460.24 554.23 683.2
Assets
Net Block 47.48 40.66 177.59 235.09 278.96
Capital WIP 0.78 0.44 0.56 0.21 0.83
Intangible WIP 0 0 0 0 0
Investments 0 0 0.01 0 0
Loans & Advances 27.19 8.17 28.06 29.2 34.43
Other N/C Assets 6.53 24.55 2.29 2.13 2.34
Current Assets 206.61 208.59 251.73 287.6 366.64
Total Assets 288.59 282.41 460.24 554.23 683.2
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 1.17 1.05 1.46 1.2 0.52
Profit Before Tax 36.97 20.72 9.85 13.05 35.36
Tax 9 5.14 2.82 3.28 8.9
Profit After Tax 27.97 15.59 7.03 9.77 26.46
Adjusted EPS (Rs) 4.35 2.42 1.09 1.51 4.07

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 54.83 0
Jun 2024 55.19 0
Mar 2024 55.24 0
Dec 2023 55.4 0
Sep 2023 55.4 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 26.23 12.06 45.85 103.75 78.86
Adjustment 15.64 16.42 62.82 64.15 83.18
Changes in Assets & Liabilities -13.85 35.9 -10.58 -62.57 -81.17
Tax Paid -4 -3.22 -19.71 -30.8 -24.61
Operating Cash Flow 24.01 61.16 78.38 74.52 56.26
Investing Cash Flow -14.32 -5.7 -27.95 -21.21 -34.56
Financing Cash Flow -9.08 -30.74 -39.02 -81.8 -27.77
Net Cash Flow 0.61 24.72 11.4 -28.49 -6.06
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