Mufti Menswear IPO: Check Latest GMP, Allotment Date, Listing Date And Other Details
mufti menswear ipo: check latest gmp, allotment date, listing date and other details
Mufti Menswear IPO: Mufti Menswear, a brand in men’s casual clothing, is gearing up for its Initial Public Offering (IPO) through a book-built issue totaling Rs 549.78 crores, comprising 1.96 crore shares in an offer for sale.
Mufti Menswear IPO Subscription WindowBidding Period: The IPO of Mufti Menswear subscription window opened on December 19, 2023, and it was closed on December 21, 2023.
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Mufti Menswear IPO Allotment DateThe allotment process of Mufti Menswear IPO is set to conclude by December 22, 2023.
Mufti Menswear IPO Listing DateThe Mufti Menswear IPO is slated to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on December 27, 2023.
Mufti Menswear IPO GMPAs per various market sources tracking GMP, the Grey Market Premium (GMP) for the Credo Brands (Mufti Jeans) IPO is currently Rs 125.
Mufti Menswear IPO Price Band and Minimum InvestmentThe IPO price band is fixed at Rs 266 to Rs 280 per share and investors can apply in lots, with a minimum lot size of 53 shares. For retail investors, the minimum investment is Rs 14,840.
The institutional investors have distinct lot size requirements, with 14 lots (742 shares) for sNII at Rs 207,760 and 68 lots (3,604 shares) for bNII totaling Rs 1,009,120.
The book running lead managers for the IPO include Dam Capital Advisors Ltd (formerly Idfc Securities Ltd), ICICI Securities Limited, and Keynote Financial Services Ltd. The registrar overseeing the issue is Link Intime India Private Ltd.
About Mufti Menswear IPOEstablished in 1999, Credo Brands Marketing Limited, under the Mufti brand, has evolved into a key player in the casual menswear segment. Starting with a limited product range in 1998, Mufti has significantly expanded its portfolio. Presently, Mufti offers a diverse array of products, including sweatshirts, jeans, cargos, chinos, jackets, blazers, and sweaters. These cater to various lifestyle categories such as relaxed casual wear for vacations, authentic everyday wear, urban casual wear, party wear, and athleisure.