Credo Brands (Mufti Jeans) IPO Date, Review, Price, Allotment Details

Mufti Jeans is among the largest homegrown brands in the mid-premium and premium men’s casual wear market in India in terms of market share in Fiscal 2022. They believe in providing a meaningful wardrobe solution for multiple occasions in a customer’s life, with their product offerings ranging from shirts to t-shirts to jeans to chinos, which cater to all year-round clothing. Their products are designed to provide a youthful appearance while keeping up with the ongoing fashion trends.

Their brand “Mufti” was launched by their Promoter, Kamal Khushlani, 25 years ago with a vision to redefine menswear. The brand was created as an alternative dressing solution and was designed to deliver a casual alternative with a focus on creative, bold, and expressive clothing for the contemporary Indian man who wanted something more stylish than what was commonly available. To keep pace with these evolving fashion trends, their product mix has evolved significantly over the past several years from consisting of only shirts, t-shirts, and trousers in the year 1998 to a wide range of products including sweatshirts, jeans, cargo, chinos, jackets, blazers and sweaters in relaxed holiday casuals, authentic daily casuals to urban casuals, party wear and also athleisure categories as on date. Their design team is constantly focusing on expanding their product range to meet a varied range of consumer needs.

Mufti Jeans products are available through a pan-India multichannel distribution network that they have built over the years comprising of their exclusive brand outlets (EBOs), large format stores (LFSs), and multi-brand outlets (MBOs), as well as online channels comprising of their website and other e-commerce marketplaces. Their multi-channel presence is planned strategically 147 in a manner that their products across categories are available at consumers’ preferred shopping channels.

Objects of the Issue

• Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
• Carry out the Offer for Sale of up to 19,634,960 Equity Shares. Further, the Company expects that the proposed listing of its Equity Shares will enhance our visibility and brand image and provide liquidity to the Shareholders and a public market for the Equity Shares in India.

Credo Brands (Mufti Jeans) IPO Review (Apply or Not)

• May Apply

Brokerage Firm IPO Review

• Swastika Investmart: Apply

Credo Brands (Mufti Jeans) IPO Date & Price Band Details

Credo Brands (Mufti Jeans) IPO Market Lot

The Mufti Jeans IPO minimum market lot is 53 shares with ₹14,840 application amount. The retail investors can apply up-to 13 lots with 689 shares or ₹192,920 amount.

Credo Brands (Mufti Jeans) IPO Allotment & Listing Dates

The Mufti Jeans IPO date is December 19 and the close date is December 21. The Mufti Jeans IPO allotment will be finalized on December 22 and the IPO listing on December 27.

You can check IPO subscription status and IPO allotment status on their respective pages.

Credo Brands (Mufti Jeans) IPO Form

How to apply for the Mufti Jeans IPO? You can apply for Mufti Jeans IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Mufti Jeans IPO in the Invest section. The other option is you can apply for Mufti Jeans IPO via IPO forms downloaded via NSE and BSE. Check out the Mufti Jeans forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Credo Brands (Mufti Jeans) Company Financial Report

Credo Brands (Mufti Jeans) IPO Valuation – FY2023

Check Mufti Jeans IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Aditya Birla Fashion and Retail Limited
• Go Fashion (India) Limited
• Arvind Fashions Limited
• Kewal Kiran Clothing Limited

Company Promoters

• Kamal Khushlani
• Poonam Khushlani

Credo Brands (Mufti Jeans) IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/

Credo Brands (Mufti Jeans) IPO Allotment Status Check

Check Mufti Jeans IPO allotment status on Linkintime website allotment URL. Click Here

Credo Brands (Mufti Jeans) IPO Lead Managers aka Merchant Bankers

• Dam Capital Advisors Ltd
• ICICI Securities Limited
• Keynote Financial Services

Company Address

Credo Brands Marketing Limited
B-8, MIDC Central Road, Marol,
Next to MIDC Police Station
Andheri (E), Mumbai – 400093,
Phone: +91 22 6141 7200
Email: [email protected]
Website: https://www.credobrands.in/

Mufti Jeans IPO FAQs