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Credo Brands Marketing Ltd
Credo Brands Marketing Ltd
Registered Office : B-8 MIDC Central Road Marol,Nxt to MIDC Police Stn AnderiE,Mumbai Maharashtra 400093 Phone : +91 22 6141 7200
Fax :
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
Opens On
Closes On
19-Dec-2023
21-Dec-2023
Application
Allotment
280.00
0.00
Minimum Application for shares in Nos : 53.0 Further Multiples of : 53.0
₹Cr
Lead Managers to the Issue
Project Cost (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
0.00
549.78
12.86
280.00
DAM Capital Advisors Ltd
ICICI Securities Ltd
Keynote Financial Services Ltd
- Listing the Equity Shares on the Stock Exchanges
- Kamal Khushlani
- Poonam Khushlani
- BSE
- NSE
- MUFG Intime India Pvt Ltd