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News Details

14/12/2023 19:40

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Credo Brands Marketi announces launch of initial public offering

Credo Brands Marketing Ltd. has announced public offering of 19634960 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 278.00 per share. The gross proceeds of the issue are expected to be Rs 54,977.89 lakhs.

The company's initial public offer (IPO) will open on 19 December 2023 and is expected to close on 21 December 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 266.00-280.00 per share.

The IPO includes a fresh Issue of 19634960 Equity Shares of the Company at an price of Rs 280.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 53 shares with bids in multiples of 53.

Credo Brands Marketing Ltd. anticipates using the proceeds of the issue for .

ICICI SECURITIES LTD,DAM Capital Advisors Limited,Keynote Financial Services Limited. as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.