Bela Properties News Today

The ₹550 crore initial public offering (IPO) of Mufti Menswear brand owner Credo Brands Marketing (CBML) opened for subscription on Tuesday, December 19, and will close today, December 21. The company has a price band of ₹266-280 per share for the issue.

Credo Brands IPO: The Rs 549.78-crore issue is entirely an offer for sale of 1.96 crore shares

Mufti Menswear IPO: BCCL has sold 25.36 lakh equity shares to ACM Global Fund VCC and 3.6 lakh equity shares to Negen Capital Services at the upper price band

Credo Brands Marketing IPO: The Kamal Khushlani and Poonam Khushlani-promoted company has finalised the allocation of 58,90,488 equity shares to anchor investors at Rs 280 per equity share

Under the OFS, promoters Kamal Khushlani, Poonam Khushlani, Andrew Khushlani, and other investor shareholders like Concept Communication, Bela Properties, Jay Milan, Sagar Milan will offload shares.

Mufti Menswear IPO: The public issue a purely an offer for sale of 1.96 crore shares

Credo Brands Marketing IPO | The public issue will be opening for subscription on December 19 and closing on December 21. The anchor book of the IPO will be opened for a day on December 18.

Credo Brands Marketing IPO: The maiden public issue comprises only an OFS of 1.96 crore equity shares by the existing shareholders, and there is no fresh issue component by the company

The company had filed its draft IPO papers in July and received approval from the regulator in October this year. The issue is completely an offer for sale of 1.96 crore shares. The price band for the IPO will be announced soon.

Credo Brands Marketing, the owner of Mufti denim jeans brand, has filed draft papers for its IPO. The OFS includes up to 1.96 crore shares by promoters and existing shareholders. Credo Brands Marketing is a leading player in the mid-premium and premium men's wear market in India with a wide retail presence. The company aims to raise funds through the IPO, with the equity shares proposed to be listed on the BSE and NSE. The firm posted strong financial performance, reporting increased revenu...