The Credo Brand's Initial Public Offering (IPO) Allotment: How to Check Status, Latest GMP, and Listing Date.

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Credo Brand, a prominent company, has recently undergone an Initial Public Offering (IPO). This significant financial event allows the company to raise capital by offering its shares to the public for the first time. For potential investors, and enthusiasts, keeping track of the IPO allotment status, the latest Gray Market Premium (GMP), and the listing date is crucial for making informed decisions.

The allotment for Credo Brands IPO is expected to be finalized soon. Investors can check their allotment status on the registrar's website, Link Intime India Private Ltd, and the BSE and NSE. Credo Brands is a Main Board IPO, and its shares are set to be listed on both BSE and NSE, with the tentative listing date being December 27.

The IPO of Happy Forgings, a manufacturer of complex and safety-critical, heavy forged, and high-precision machined components was fully subscribed on December 19, the first day of the three-session bidding process that ends on December 21. At the end of Friday, according to provisional exchange data, the IPO received bids for 68,62,98,466 Happy Forgings shares against the 83.7 lakh shares on offer, a subscription of 82.04 times the equity on offer.

The Happy Forgings IPO opened on December 19 and closed on December 21. The price band for the IPO was ₹808 to ₹850 per share.

While the qualified institutional buyer portion was subscribed 220.48 times, the non-institutional investors portion was subscribed 62.12 times. The retail portion also witnessed excellent participation and was subscribed 14.94 times.

The shares of Happy Forgings are currently commanding a grey market premium (GMP) of ₹420 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.

Credo Brands Marketing Limited (“Credo") was incorporated on April 29, 1999. It offers casual clothing for men with its flagship brand, "Mufti." The company's product mix has evolved significantly over the past several years, from consisting of only shirts, t-shirts, and trousers in 1998 to a wide range of products including sweatshirts, jeans, cargos, chinos, jackets, blazers, and sweaters in relaxed holiday casuals, authentic daily casuals, urban casuals, party wear, and also athleisure categories as of date.

DAM Capital Advisors (formerly IDFC Securities), ICICI Securities, and Keynote Financial Services serve as the book-running lead managers for the Mufti Menswear IPO, while Link Intime India acts as the registrar. Shares of the company will be listed on both BSE and NSE, with December 27, Wednesday, as the tentative date of listing.

It marks the day when the company's shares officially become available for trading on the stock exchange. Investors should be aware of this date as it influences market dynamics, such as price movements and liquidity. Tracking the listing date is crucial for those planning to buy or sell shares in the secondary market.