Credo Brands Marketing Limited IPO Message Board (Page 12)

We are engaged in the retail sale of garments and accessories, and we do not manufacture any apparel.

So total of 6 ipo coming all together.

Price Band : 266-280
M.cap : 1800.5 cr
PE : 23.80

Our Expectations of Pricing Band : 320

Very Attractively Priced

Go Ahead and Apply FF

#P4
CREDO BRANDS MARKETING LIMITED (MUFTI)- RHP scan by Dweeb

Credo Aka Mufti Launched in the year 1998, is a recognized brand with 25 years of presence in India and believe in providing a meaningful wardrobe solution for multiple occasions in a customer’s life, with product offerings ranging from shirts to t- shirts to jeans to chinos, which caters to all year-round clothing. Products are designed to provide a youthful appearance while keeping up with the ongoing fashion trends. Company is engaged in the retail sale of garments and accessories, and do not manufacture any apparel.

Revenue (Higher is Better) [Y-O-Y Growth %]
2023 - 498 Cr [46.02%]
2022 - 341 Cr [39.35%]
2021 - 244 Cr [-35.99%]

PAT (Higher is Better) [Margin %]
2023 - 77 Cr [15.56%]
2022 - 36 Cr [10.48%]
2021 - 34 Cr [1.41%]

ROE (Higher is Better)
2023 - 29.98%
2022 - 16.70%
2021 - 1.81%

ROCE (Higher is Better)
2023 - 28.16%
2022 - 17.31%
2021 - 5.86%

EPS in rupees (Higher is Better)
2023 - 12.06
2022 - 5.60
2021 - 0.54

Debtor Days (Lower is better)
2023 - 101
2022 - 132
2021 - 183

Revenue from operations from distribution channels for year 2023
EBOs (Exclusive Brand Outlets) - 56.79%
MBOs (Multi-brand Outlets) - 30.43%
LFSs (Large Format Stores) - 3.16%
Online (Own website and e-commerce marketplaces) - 5.11%
Other (Odd lot sale,buttons, labels, tags,etc) - 4.51%

Risks factors :
• Concentrated on the sale of men’s casual western wear
• All our products are sold under a single brand, "Mufti"
• Highly competitive markets both offline and online channels
• Outsourcing the manufacturing of finished products
• Majority (More than 90%) revenue derived from offline retail distribution channels

#Dweeb

Mufti Jeans 80 buyer Ahmedabad

Issue size

I'm from ahmedabad. Grey na soda intrested chu pls contect me.

Let's Calculate Ideal Price Band :

FY 23 PAT : 77.52 cr
EPS : Rs.12.06

It's Direct Peer Kewal Kiran Clothing ( Killer Brand ) trades at 30 Times
And it's Q1 Results are very weak maybe seasonality but still operationally weak numbers so it should IDEALLY not command a PE Above 30

So , Can give 26 Times FY 23 Earnings
So. M.cap Comes at 2015 cr

So Price Band comes at : 320
Issue size comes at : 630 cr

Polymatech doesn't have direct competitor... IPO price as per my sources it could be around 700 if it comes before March 24...
P.S. - I am holding shares of polymatech

Today purchase polymatech @840

Price band could be in the range of 450-475

NEW MAINBOARD IPO

Credo Brands Marketing Limited ( MUFTI )

Date : 19-21 December
Size : 19,634,960 Shared ( Full OFS )
FV : Rs.2 /-
Retail : 35%

FY 23 :
Revenue - 509.3 cr
PAT - 77.5 cr

Q1 24 ( June Quarter ) : Revenue - 108.1 cr
PAT - 8.5 cr

LM :
1.ICICI Securities
2.DAM Capital
3.Keynote Financial

Registrar : Linkintime

​@newgen consultancy Is Azad engineering going to Open soon?

Not at all
I too read it on Twit-ter

It's DRHP is filed on 3rd October and it takes atleast 3 months and 1 week to get NOD.

It is atleast not possible before January End

It is a very High Profile and Quality Company
With Aerospace and Defence comprising a bigger pie for the company

Also Sachin Tendulkar is invested in it

But Yes 6 IPO'S are confirmed in January

And Credo Brands and Mukka Proteins can file RHP soon

Mahbooba mufti starting business after SC reaffirming Art370. Good choice I would say. Clever lady understood her politics is over.

Good joke 😂😂 maja aa gaya

Bhai Mehbooba ka naam mat jodo, warna is bechari company ko "koi kandha dene wala nahi milega.." :o

(-Mehbooba's statement, abt Bharatiya Flag if 370 revoked)

Tumhari hi Kami thi aao bhai
Next @ Machoo brand😜

​@newgen consultancy 

Barcelona brand ka bhi aa raha hai naa?

​@Scrip 
Yes , Barcelona Brank Owner STICHED TEXTILES had withdrawn IPO in 2022

I heard before some time that it had refiled in
SME category , I will confirm and tell you 👍

Return from readymade garment company is always difficult. Only exception page industries.
Yes, there are few more names, but not that much promising returns.

KKCL

Go Colours

1 thakur aur aa gya market me lag rha sab 2023 me hi aajayenge

Welcome to stock market.

Ab T shirt kab aa raha hai ???