Credo Brands Marketing is one of the largest homegrown brands in the mid-premium and premium men s casual wear market in India in terms of market share in fiscal 2022. Led by Kamal Khushlani, Credo Brands operates the brand "Mufti" which is now celebrating its 25th anniversary. It provides a wide array of wardrobe solutions, encompassing a range of products such as shirts, t-shirts, jeans, chinos, and more.
Credo Brands IPO is completely an offer for sale of 1.96 crore shares. Since the IPO is an OFS, the proceeds will entirely go to the selling shareholders and not the company.
Credo Brands Marketing IPO | The public issue will be opening for subscription on December 19 and closing on December 21. The anchor book of the IPO will be opened for a day on December 18.
Credo Brands Marketing IPO: The maiden public issue comprises only an OFS of 1.96 crore equity shares by the existing shareholders, and there is no fresh issue component by the company
The Sebi has issued observation letter on the draft papers filed by Credo and RBZ, on October 6 and September 28, respectively. In Sebi s parlance, obtaining observation means the company can start the IPO launch process.