Credo Brands Marketing IPO saw oversubscription in the retail category, and shares will be allocated on a proportionate basis. Refunds for non-allotment will be initiated on December 26. The IPO is completely an offer of sale (OFS).
Credo Brands Marketing offers casual clothing for men with its flagship brand, Mufti. The IPO garnered a decent response from investors on the first day, achieving an overall subscription rate of 2.08 times.