IPO

Credo Brands Marketing Limited IPO

Credo Brands Marketing (Mufti Menswear) plans IPO with offer to sell 1.96 crore existing equity shares, seeking to enhance brand image.

Important Dates

IPO Date: Dec 19 to Dec 21, 2023 IPO Listing Date: Dec 27, 2023 IPO Price INR: 266-280 IPO Lot Size: 53 Shares IPO Total Issue Size: INR 549.78 crores

Fundamental Analysis

Credo Brands Marketing's IPO highlights solid financials that consistent revenue growth, enhanced profitability, improved efficiency, and strong liquidity.

Peer Comparison

Credo Brands Marketing excels with ₹5,093.22M revenue, ₹12.06 EPS. Peers like Aditya Birla Fashion, Go Fashion, Arvind Fashions & Kewal Kiran Clothing exhibit varying EPS.

IPO Objective

Credo Brands Marketing plans to sell 1.96 crore equity shares, aiming for stock exchange listing to enhance brand image.

Risks And Challenges

Credo Brands Marketing uses ERP Ginesys, QlikView for customer insights. Expansion needs efficient management, faces risks from seasonality, and third-party reliance.

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