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Credo Brands Marketing Ltd

Credo Brands Marketing Ltd (Ticker: MUFTI IN) is an Indian company in the apparel manufacturing industry, known for its flagship brand "Mufti." The company, established on April 29, 1999, offers a diverse range of casual clothing for men, including shirts, t-shirts, trousers, sweatshirts, jeans, cargos, chinos, jackets, blazers, sweaters, and athleisure wear. Credo Brands Marketing Ltd has evolved its product line significantly since 1998 and now caters to various fashion segments like relaxed holiday casuals, authentic daily casuals, urban casuals, party wear, and athleisure.

Credo Brands Marketing Ltd will list on December 27, 2023, on the National Stock Exchange of India. The firm is offering 19.64 million shares at an offer price of INR 280.00 per share. The expected market capitalization at the offer is INR 18.00 billion (USD 215.91 million). The total offer size is INR 5.50 billion (USD 65.93 million). The offering is entirely comprised of 19.64 million secondary shares and is managed by DAM Capital Advisors Ltd, ICICI Securities Ltd, and Keynote Corporate Services.

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