Credo Brands Marketing has received the Securities and Exchange Board of India’s (SEBI's) approval to float an initial public offering (IPO). The company’s maiden public issue is entirely an offer for sale (OFS) of up to 1.96 crore shares by promoters and other existing shareholders.
The company, which filed the draft red herring prospectus with the SEBI in July 2023, got the regulator’s approval on October 6, 2023. DAM Capital Advisors, ICICI Securities, and Keynote Financial Services are the book-running lead managers to the public issue. The equity shares are proposed to be listed on the BSE and the NSE.
Credo Brands Marketing is among the leading homegrown brands in the mid-premium and premium casual men's wear market in the country.
