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IPO Details


Credo Brands Marketing Ltd
Registered Office: B-8 MIDC Central Road Marol, Nxt to MIDC Police Stn AnderiE, Mumbai - 400093, Maharashtra
Phone: +91 22 6141 7200
Email: investorrelations@mufti.in
Website: www.credobrands.in
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
Issue Money Payable On
Opens On Closes On Application Allotment
19-Dec-2023 21-Dec-2023 280.00 0.00
Minimum Application for shares in Nos : 53 Further Multiples of : 53
()Cr. Lead Managers to the Issue
Project Cost 0.00 DAM Capital Advisors Ltd
Project Financed through Current Offer 549.78
Post Issue Equity Share Capital 12.86
Issue Price 280.00
Projects
Listing the Equity Shares on the Stock Exchanges
Promoted By
Kamal Khushlani
Poonam Khushlani
Listing At
BSE
NSE
Registrar to the Issue
Link Intime India Pvt Ltd

INDIAN INDICES

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