Credo Brands Marketing Limited
ListedMainboardIndustrial & Financial Services · NSE / BSE
Incorporated in 1999, Credo Brands Marketing Limited is known for its men’s casual clothing brand “Mufti”. The brand started in 1998 with only shirts, T-shirts and trousers, and now offers a wide variety including jeans, cargos, chinos, sweatshirts, jackets, blazers and sweaters. Mufti provides different styles such as relaxed vacation wear, everyday casuals, urban wear, party wear and athleisure. As of May 31, 2023, the company has 1,773 retail outlets across India, including 379 exclusive brand stores, 89 large format stores and 1,305 multi-brand outlets. The brand has a design team of 15 members who created over 1,348 designs in FY23.
Price Band
₹266 – ₹280
Issue Size
₹549 Cr
Lot Size
53 shares
GMP
₹74
+26.4%
Est. Listing
₹354
at current GMP
Subscribed
51.85x
overall
Open
19 Dec 2023
Close
21 Dec 2023
Allotment
23 Dec 2023
Refund
24 Dec 2023
Demat Credit
25 Dec 2023
Listing
27 Dec 2023
Last updated 12 days ago
Live Grey Market Premium
Credo Brands Marketing Limited GMP Today
Last updated: 19 Oct 2026
Current Premium
₹74+26.4%
Issue Price (Upper)
₹280
Band: ₹266 – ₹280
Estimated Listing Price
₹354
Upper price + GMP
Lot Size
53 shares
Min investment ₹14,840
Estimated Profit / Lot
₹3,922
53 × ₹74
Credo Brands Marketing Limited GMP Historical Trend
GMP History
Grey Market Premium trend
+₹74
▲ 0 today
Updated 1 minute ago
Estimated Listing Price
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹74 | 26.4% | ₹354 |
| 30 Oct 2026 | +₹74 | 26.4% | ₹354 |
| 29 Oct 2026 | +₹67 | 23.8% | ₹347 |
GMP is unofficial market data. Not a guarantee of listing performance.
About Credo Brands Marketing Limited Public Issue & Market Profile
Credo Brands Marketing Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹549.48 Crores. The shares are offered at a price band of ₹266 to ₹280 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Public Issue & Pricing Context:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 53 shares (approx. ₹14,840 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Basis of Allotment & Listing Timeline:
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-12-25, while un-allotted funds or UPI block mandates will be released on 2023-12-24.
Frequently Asked Questions
What is Credo Brands Marketing Limited IPO GMP today?
The latest grey market premium for Credo Brands Marketing Limited IPO is ₹74, which indicates an expected listing price of ₹354.
What does Kostak Rate and Sauda mean in IPO GMP?
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
Is Grey Market Premium officially recognized?
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.