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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.