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IPO screener: Credo Brands Marketing issue enters Day 2 - The Hindu BusinessLine

IPO screener: Credo Brands Marketing issue enters Day 2 - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Mufti parent Credo Brand s IPO subscribed over 2 times on Day 2

Credo Brands IPO: The Rs 549.78-crore issue is entirely an offer for sale of 1.96 crore shares

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Credo Brands IPO picks up pace on Day 2 with 5 19x subscription so far; GMP jumps

The category reserved for retail investors was subscribed 6.9 times, while that for NIIs was booked 7.78 times. The QIB portion lagged with just 27% of subscriptions.

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IPO screener: Credo Brands Marketing offer opens today - The Hindu BusinessLine

IPO screener: Credo Brands Marketing offer opens today - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Credo Brands IPO: Credo Brands IPO opens Should you subscribe to the issue?

The issue is completely an offer for sale (OFS) of 1.96 crore shares. Since the IPO is an OFS, the proceeds will entirely go to the selling shareholders and not the company. About 50% is reserved for qualified institutional buyers, 35% for retail investors, and the rest 15% for non-institutional investors.

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