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Credo Brands Marketing IPO subscribed 2 times on first day of offer

Credo Brands Marketing IPO subscribed 2 times on first day of offer
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Mufti brand owner Credo, Ahmedabad-based RBZ Jewellers get Sebi's nod for IPOs, ET Retail

Credo Brands Marketing Ltd, which owns denim brand Mufti, and B2B and retail jewellery firm RBZ Jewellers Ltd have received approval from capital markets regulator Sebi to mobilise funds through initial public offerings (IPOs). RBZ Jewellers and Credo Brands, which filed draft papers with Sebi during June and July, obtained observations on September 28 and October 6, respectively, data with the Securities and Exchange Board of India (Sebi) showed on Tuesday. ....

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