Business Standard

Credo Brands Marketing Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

549.78 cr

Price Range (₹)

280

Lot Size

53

Min Investment (₹)

14,840.00

Listing Exchange

MumbaiNSE

Open Date

19-Dec-2023

Close Date

21-Dec-2023

Listing Date

27-Dec-2023

Credo Brands Marketing Ltd News

    The Shares of Credo Brands Marketing Ltd have now been listed.

    Credo Brands Marketing Ltd IPO Details

    Initial public offer of 19,634,960* equity shares of face value of Rs. 2 each (Equity Shares) of Credo Brands Marketing Limited (the Company or Issuer) for cash at a price of Rs. 280 per equity share (including a share premium of Rs. 278 per equity share) (the Offer Price) aggregating to Rs. 549.78* crores (Offer) comprising an offer for sale of 4,140,000* equity shares aggregating to Rs. 115.92* crores by Kamal Khushlani and 4,275,000* equity shares aggregating to Rs. 119.70* crores by Poonam Khushlani (together the Promoter Selling Shareholders), 108,000* equity shares aggregating to Rs. 3.02* crores by Sonakshi Khushlani and 108,000* equity shares aggregating to Rs. 3.02* crores by Andrew Khushlani (together the Promoter Group Selling Shareholders), 2,032,260* equity shares aggregating to Rs. 56.90* crores by Concept Communication Limited, 5,031,260* equity shares aggregating to Rs. 140.88* crores by Bela Properties Private Limited, 1,970,220* equity shares aggregating to Rs. 55.17* crores by Jay Milan Mehta and 1,970,220* equity shares aggregating to Rs. 55.17* crores by Sagar Milan Mehta (together the Other Selling Shareholders along with the promoter selling shareholders and promoter group selling shareholders is collectively reffered to as the Selling Shareholders) (Offer for Sale and such equity shares, the Offered Shares). The offer constitutes 30.54% of the post-offer paid-up equity share capital of the company.The face value of the equity shares is Rs 2 each and the offer price is 140 times the face value of the equity shares.*Subject to finalization of the basis of allotment

    Objective of issue

    Listing the Equity Shares on the Stock Exchanges.

    Credo Brands Marketing Ltd Contact Details

    Credo Brands Marketing Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - investorrelations@mufti.in

    Website - www.credobrands.in