Credo Brands IPO allotment declared. Latest GMP, how to check status

livemint.com:

Credo Brands IPO: Allotment status of the initial public offering (IPO) of Mufti brand patent Credo Brands Marketing Limited has been declared. Those who have applied for the public issue can check Credo Brands IPO allotment status online by logging in at the BSE website or at the website of official registrar of the book build issue — Link Intime Private Limited. After declaration of Credo Brands IPO allotment, focus has now shifted towards Credo Brands IPO listing date, which is most likely on 27th December 2023.

Meanwhile, after announcement of Credo Brands IPO allotment status, shares of the meanswear company have remained strong in unlisted stock market. Also Read: Happy Forgings IPO allotment out. GMP, how to check allotment status online According to share market observers, Credo Brands shares are available at a premium of ₹138 in grey market today.

This means, Credo Brands IPO grey market premium (GMP) today is ₹138, which signals that grey market is expecting that Credo Brands IPO listing price would be around ₹418 ( ₹280 + ₹138). So, the unlisted stock market is signaling 49 per cent listing gain for allottees after declaration of Credo Brands IPO allotment status. As mentioned above, an applicant can check Credo Brands IPO allotment status online by logging in at BSE website or at Link Intime website.