How To Check Mufti Owner Credo Brands IPO Allotment Status

Mufti owner Credo Brands Marketing aims to raise ₹549.78 crore through its initial public offering (IPO), featuring a complete offer for sale of 1.96 crore shares. The IPO’s price band has been set at ₹266-280 per share, and the lot size is 53 shares. The company is set to finalise IPO allotment status on Thursday, December 22.

Checking Allotment Status on Registrar's Website:

You can follow these steps to check the Mufti IPO allotment status

  1. Visit the registrar’s website.
  2. Click on ‘Select Company' and choose ‘Credo Brands Marketing'.
  3. Input your PAN, application number, DP/Client ID, or Account number/IFSC.
  4. Enter the captcha.
  5. Click on submit.

Checking Allotment Status on BSE

Alternatively, you can check the Credo Brands Marketing IPO allotment status on the BSE

  1. Go to the BSE website.
  2. Click on ‘Equity’ and select ‘Credo Brands Marketing' from the dropdown menu.
  3. Enter your application number and PAN.
  4. Click on ‘Search’

See Also: How To Check Happy Forgings IPO Allotment Status

Mufti IPO Details And GMP: Established in 1999, Credo Brands Marketing, notable for its ‘Mufti’ brand, witnessed substantial demand during its IPO, with a 22.18 times subscription by the closing day, with bids for 30.48 crore shares against the offered 1.37 crore shares.

The promoters, including Kamal Khushlani, Poonam Khushlani, Sonakshi Khushlani, Andrew Khushlani, Concept Communication, Bela Properties, Jay Milan Mehta and Sagar Milan Mehta. are seeking to utilize the raised funds for the nationwide expansion and establishment of new Mufti showrooms.

The grey market premium (GMP) for the company’s shares has remained stable at ₹145, indicating a consistent 52% premium over the IPO price since December 19.

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Posted In: NewsIPOsMufti