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Known for its Indian denim brand Mufti Jeans, Credo Brands announced its initial public offering (IPO) earlier this month. The issue will go live today, December 27. On Wednesday, after 9:15 a.m., when the markets open, the share listing will take place.

The IPO for Credo Brands began on December 19 and ended on December 21. On the closing date, the issue was subscribed more than 51 times in its entirety, and it was anticipated that the share price would surpass the listing price by almost 40%.

As one of India’s biggest producers of premium and mid-premium denim, Credo Brands is best known for its Mufti Jeans. Mufti recently commemorated its 25th anniversary in India, demonstrating the importance of the organization there.

The GMP suggests that subscribers will receive good returns from Credo Brands’ share prices. This is all the information you require regarding the company’s GMP and IPO listing details.

Right now, the BSE is seeing shares of Credo Brands trading at ₹313. The shares reached an all-time high of ₹324 after opening at ₹282.

 

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