![]() The Qualified Institutional Buyers' (QIB) segment witnessed robust demand, with a subscription rate of 104.95 times.Īlso Read: Credo Brands IPO Day 3: Issue subscribed 51.85 times, QIBs steal the showĬredo Brands Marketing Limited (“Credo") was incorporated on April 29, 1999. The segment allocated for retail investors saw a subscription rate of 19.94 times, while the portion reserved for Non-Institutional Investors (NIIs) was subscribed by 55.52 times. The IPO received bids for 71,27,02,607 shares as against the 1,37,44,472 shares available for subscription, translating into a subscription rate of 51.85 times. Step 5: Click on ‘I am not a robot’ to confirm your identity, then hit the ‘Submit’ button. Step 3: Choose the IPO from the drop-down option under ‘Issue Name’. Step 2: Under ‘Issue Type’, select ‘Equity’ Step 1: Visit the allotment page on BSE's official website. Steps to check the Credo Brands IPO allotment on the BSE website: Step 6: Click submit after filling out the captcha.Īlso Read: Motisons Jewellers IPO allotment finalised: Latest GMP, steps to check Motisons IPO allotment status Step 5: Include the information for the mode you choose. Step 4: Choose between ASBA and non-ASBA under the application type. Step 3: In the ‘Selection Type’ dropdown, choose between either the application number, beneficiary ID, or PAN ID. Step 2: Choose the IPO in the dropbox that will only have its name set if the allocation is completed. Step 1: Visit the Link Intime India website by clicking this link. Concurrently, investors who were allotted shares will see them credited to their demat accounts on the same day following the refund.Ĭredo Brands Marketing IPO has reserved not more than 50 percent of the shares in the public issue for QIB, not less than 15 percent for NIIs, and not less than 35 percent of the offer is reserved for retail investors. For those investors who don't receive an allotment, Credo Brands will initiate the refund process of the application money on December 26. Given the oversubscription in the retail category, the allocation of shares to Retail Individual Investors (RII) will be done on a proportionate basis. ![]()
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