Credo Brands Marketing Limited IPO
Credo Brands Marketing Limited was a mainboard IPO in the Speciality Retail sector, offered at ₹266–₹280 per share to raise ₹550 crore. The issue was subscribed 51.85× overall (QIBs 104.95×, NIIs 55.52×, retail 19.94×). It listed on 27 Dec 2023 at ₹282 and closed its first day at ₹312, a listing gain of +11.5% versus the ₹280 issue price. It now trades around ₹70 (-75.1% versus the issue price).
Frequently asked questions
- How many times was the Credo Brands Marketing Limited IPO subscribed?
- The Credo Brands Marketing Limited IPO was subscribed 51.85× overall — 104.95× in the QIB category, 55.52× among non-institutional investors, 19.94× in retail.
- What were the Credo Brands Marketing Limited IPO listing gains?
- Credo Brands Marketing Limited listed on 27 Dec 2023 at ₹282, closing its first day at ₹312 — a listing gain of +11.5% versus the ₹280 issue price.
- What were the retail allotment odds for the Credo Brands Marketing Limited IPO?
- Retail was subscribed 19.94×, so a single-lot application had roughly a 5% chance of allotment (about 1 in 20), and allotment was finalised on 25 Dec 2023.
- What was the price band and lot size of the Credo Brands Marketing Limited IPO?
- The price band was ₹266–₹280 per share, with a minimum lot of 53 shares (₹14,840 at the upper band).
- Who were the registrar and lead manager for the Credo Brands Marketing Limited IPO?
- Link Intime India Private Limited was the registrar, and DAM Capital Advisors was the book-running lead manager.