His journey serves as a perfect example of hope for aspiring entrepreneurs everywhere, reminding us that with determination, and innovation, anything is possible.
Mufti: Kamal Khushlani, chairman and MD, Credo Brands Marketing Limited said, "Over the recent months, the retail sector experienced a slowdown owing to subdued consumer demand. Despite facing these external challenges, the company has successfully sustained its growth momentum. Moreover, some demand typically linked with the festive season has been deferred to the third quarter of this year, leading to a comparatively lower growth for Q2 & H1 FY24."
Mufti: As of September 30, 2023, the brand has a pan-India presence through 1,807 touchpoints consisting of 404 EBOs, 71 LFSs, and 1,332 MBOs, with its reach extending from major metros to tier-III cities, with a presence in 591 cities.
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.
IPO screener: Credo Brands listing today at issue price of ₹280 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.