Credo Brands IPO listing date today. GMP, experts signal positive debut of shares

livemint.com:

Credo Brands IPO: Listing date for the initial putlic offering (IPO) of brand Mufti's parent company Credo Brands Limited has been fixed on 27th December 2023 i.e. today. As per the information available on BSE website, Credo Brands share will list on BSE and NES in special per open session during Wednesday deals.

"Trading Members of the Exchange are hereby informed that effective from Wednesday, December 27, 2023, the equity shares of Credo Brands Marketing Limited shall be listed and admitted to dealings on the Exchange in the list of 'B ' Group of Securities," BSE notice says. According to stock market experts, Credo Brands IPO received strong response by investors and stock market sentiments are also condusive for positive listing of shares. They said that Credo Brands share price may have a positive listing and an allottee may expect up to 20 per cent premium.

Happy Forgings IPO listing date today. GMP, experts signal up to 30% gain Meanwhile, grey market sentiments are also signaling positive Credo Brands IPO listing. According to stock market observers, Happy Forgings share price is quoting at a premium of ₹109 in grey market today.

Expecting positive debut of Happy Forgings shares, Dhruv Mudaraddi, Research Analyst at StoxBox said, "Credo Brands Marketing Ltd. IPO received a strong 52x oversubscription and we expect a positive listing for the issue when it lists on the bourses on Wednesday. We expect the stock to list at a strong premium over the issue price of ₹280 per share.