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credo brands shares: Credo Brands shares make a muted debut on D-Street, list at mere 1% premium

The IPO of Credo Brands received a healthy response from investors with nearly 52 times subscription. The QIB portion of the IPO was booked 104 times, followed by NIIs at 55.52 times. ....

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Credo Brands lists at Rs 282 against IPO price of Rs 280

The Rs 550-crore public issue was subscribed 51.85 times during December 19-21. Qualified institutional buyers bought 104.95 times the portion set aside for them ....

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Credo Brands share price rises 6% after flat listing. What should investors do?

"Despite the disappointing listing, Credo Brands still possesses its core strengths, including a strong brand, a wide distribution network, and consistent financial performance. However, the flat debut highlights the potential risks associated with the highly competitive market, seasonality, and current market sentiment," said Shivani Nyati, Head of Wealth, Swastika Investmart. ....

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Credo Brands Listing: What GMP signals ahead of debut on Wednesday

The issue was 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. ....

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