Credo Brands IPO allotment – How to check allotment, GMP, listing date and more

• Credo Brands is expected to announce its share allotment status on Friday, December 22.
• The shares of Credo Brands were subscribed 51.67 times.
• The shares are expected to be listed on the stock exchanges on December 27.

Mumbai-based Credo Brands, which offers casual clothing for men under its Mufti line is expected to announce the allotment status of its initial public offering (IPO) on Friday, December 22.

The Credo Brands IPO opened on December 19 and closed on December 21. The price band for the IPO was ₹266 to ₹280 per share.

Robust subscription

On the last day, the Credo Brands IPO was subscribed 51.67 times, receiving bids for 71.02 crore equity shares against 1.37 crore shares on offer.

While the qualified institutional buyer portion was subscribed 104.95 times, the non-institutional investors portion was subscribed 55.41 times. The retail portion also witnessed excellent participation and was subscribed 19.62 times.

Grey market premium

The shares of Credo Brands are currently commanding a grey market premium (GMP) of ₹125 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.

Here’s how to check the IPO’s allotment status

You can check the allotment status on the registrar’s website.

• To check the Credo Brands IPO allotment status, visit the registrar’s website here.
• Click on ‘Select Company’ and then select ‘Credo Brands’.
• Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.
• Now, enter the captcha.
• Click on submit.

You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you.

You can also check the Credo Brands IPO allotment status on the BSE and NSE websites.

To check the allotment status on BSE or NSE website:

• Go to the BSE website.
• On the website, click on 'Equity' and then select ‘Credo Brands’ from the dropdown menu.
• Now, enter your application number and PAN.
• Click on 'Search'.

You will be able to see the number of shares allotted to you.

You can click here and log in to check your allotment status on NSE.

Credo Brands IPO listing date

The shares of Credo Brands will be listed on the stock exchanges on December 27.

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