Allotment Status Of Credo Ipo

Credo Brands Marketing Limited, known for its popular fashion brand Mufti, launched its Initial Public Offering (IPO) in December 2023. Investors who participated in the IPO are now eager to know the allotment status of their applications. This topic provides a comprehensive guide on how to check the allotment status of the Credo IPO, along with key details about the offering.

IPO Overview

The Credo Brands Marketing Limited IPO was open for subscription from December 19 to December 21, 2023. The price band for the IPO was set between ₹266 and ₹280 per equity share. The company offered a total of 1.96 crore equity shares, aggregating up to ₹549.78 crore. The IPO was oversubscribed, indicating strong investor interest in the company’s public debut.

Allotment Date

The allotment for the Credo IPO was finalized on December 22, 2023. Investors who applied for the IPO can now check whether they have been allotted shares and, if so, how many shares have been allocated to them.

How to Check Allotment Status

Investors can check their IPO allotment status through various platforms. Below are the steps for some of the most commonly used methods

1. Registrar’s Website (MUFG Intime India Pvt Ltd)

• Visit the official website of MUFG Intime India Pvt Ltd.
• Select ‘Credo Brands Marketing Ltd’ from the dropdown menu.
• Enter your Application Number, PAN, or Demat Account details.
• Complete the CAPTCHA verification.
• Click on the ‘Submit’ button to view your allotment status.

2. BSE Website

• Navigate to the BSE IPO allotment page.
• Choose ‘Equity’ under ‘Issue Type’.
• Select ‘Credo Brands Marketing Ltd’ from the ‘Issue Name’ dropdown.
• Enter your Application Number and PAN details.
• Click on ‘Submit’ to check your allotment status.

3. NSE Website

• Go to the NSE IPO allotment page.
• Choose ‘Credo Brands Marketing Ltd’ from the dropdown menu.
• Enter your Application Number, PAN, and CAPTCHA code.
• Click on ‘Search’ to view your allotment status.

4. IPO Ji Website

• Visit the IPO Ji website.
• Navigate to the ‘IPO Allotment Status’ section.
• Select ‘Credo Brands Marketing Ltd’ from the list of available IPOs.
• Enter your PAN and Demat details.
• Click on ‘Check Status’ to view your allotment status.

What to Do After Checking Allotment Status

Once you have checked your allotment status, you can take the following steps

• If shares are allotted The allotted shares will be credited to your Demat account. You can monitor your Demat account for the credit.
• If shares are not allotted The application amount will be refunded to your bank account. The refund process is typically completed within a few days after the allotment date.

Listing Date

The shares of Credo Brands Marketing Limited are scheduled to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 27, 2023. Investors can track the stock’s performance on the listing day through these exchanges.

Checking the allotment status of the Credo IPO is a straightforward process that can be done through various online platforms. By following the steps outlined above, investors can easily determine whether they have been allotted shares in the IPO. Remember to keep your application details handy when checking the status. If you have any issues or need further assistance, you can contact the registrar or the respective exchange’s helpdesk.