The ₹550 crore initial public offering (IPO) of Mufti Menswear brand owner Credo Brands Marketing (CBML) opened for subscription on Tuesday, December 19, and will close today, December 21. The company has a price band of ₹266-280 per share for the issue.
Mufti Menswear IPO: BCCL has sold 25.36 lakh equity shares to ACM Global Fund VCC and 3.6 lakh equity shares to Negen Capital Services at the upper price band
Credo Brands Marketing IPO: The Kamal Khushlani and Poonam Khushlani-promoted company has finalised the allocation of 58,90,488 equity shares to anchor investors at Rs 280 per equity share