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Mufti Jeans IPO Date, Review, Price, Allotment Details

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Mufti Jeans is among the largest homegrown brands in the mid-premium and premium men’s casual wear market in India in terms of market share in Fiscal 2022. They believe in providing a meaningful wardrobe solution for multiple occasions in a customer’s life, with their product offerings ranging from shirts to t-shirts to jeans to chinos, which cater to all year-round clothing. Their products are designed to provide a youthful appearance while keeping up with the ongoing fashion trends.

Their brand “Mufti” was launched by their Promoter, Kamal Khushlani, 25 years ago with a vision to redefine menswear. The brand was created as an alternative dressing solution and was designed to deliver a casual alternative with a focus on creative, bold, and expressive clothing for the contemporary Indian man who wanted something more stylish than what was commonly available. To keep pace with these evolving fashion trends, their product mix has evolved significantly over the past several years from consisting of only shirts, t-shirts, and trousers in the year 1998 to a wide range of products including sweatshirts, jeans, cargo, chinos, jackets, blazers and sweaters in relaxed holiday casuals, authentic daily casuals to urban casuals, party wear and also athleisure categories as on date. Their design team is constantly focusing on expanding their product range to meet a varied range of consumer needs.

Mufti Jeans products are available through a pan-India multichannel distribution network that they have built over the years comprising of their exclusive brand outlets (EBOs), large format stores (LFSs), and multi-brand outlets (MBOs), as well as online channels comprising of their website and other e-commerce marketplaces. Their multi-channel presence is planned strategically 147 in a manner that their products across categories are available at consumers’ preferred shopping channels.

Objects of the Issue

  • Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
  • Carry out the Offer for Sale of up to 19,634,960 Equity Shares. Further, the Company expects that the proposed listing of its Equity Shares will enhance our visibility and brand image and provide liquidity to the Shareholders and a public market for the Equity Shares in India.

Mufti Jeans IPO Review (Apply or Not)

  • To be updated soon

Brokerage Firm IPO Review

  • Capital Market: To be updated soon
  • Religare Broking: To be updated soon
  • Hem Securities: To be updated soon
  • Arihant Capital: To be updated soon

Mufti Jeans IPO Date & Price Band Details

IPO Open: December 2023
IPO Close: December 2023
IPO Size: Approx ₹[.] Crores
Fresh Issue: Approx ₹[.] Crores
Offer for Sale: Approx 19,634,960 Equity shares 
Face Value: ₹2 Per Equity Share
IPO Price Band: ₹[.] to ₹[.] Per Share
IPO Listing on: BSE & NSE
Retail Quota: 35%
QIB Quota: 50%
 NII Quota: 15%
Discount: N/A
DRHP Draft Prospectus: Click Here
RHP Draft Prospectus: Click Here
Anchor Investors List: Click Here

Mufti Jeans IPO Market Lot

The Mufti Jeans IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.

Application Lot Size Shares Amount
Retail Minimum 1 ₹-
Retail Maximum 13 ₹-
S-HNI Minimum 14 ₹-
B-HNI Minimum 68 ₹-

Mufti Jeans IPO Allotment & Listing Dates

The Mufti Jeans IPO date is 2023 and the close date is December 2023. The Mufti Jeans IPO allotment will be finalized on 2023 and the IPO listing on 2023.

Price Band Announcement: 2023
Anchor Investors Allotment: 2023
IPO Open Date: 2023
IPO Close Date: 2023
Basis of Allotment: 2023
Refunds: 2023
Credit to Demat Account: 2023
IPO Listing Date: 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Mufti Jeans IPO Form

How to apply for the Mufti Jeans IPO? You can apply for Mufti Jeans IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Mufti Jeans IPO in the Invest section. The other option is you can apply for Mufti Jeans IPO via IPO forms downloaded via NSE and BSE. Check out the Mufti Jeans forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Mufti Jeans Company Financial Report

  ₹ in Crores
Year Revenue Expense PAT
2021 ₹261.15 ₹257.15 ₹3.44
2022 ₹354.83 ₹307.00 ₹35.74
2023 ₹509.32 ₹405.51 ₹77.51

Mufti Jeans IPO Valuation – FY2023

Check Mufti Jeans IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS): 29.98%
Price/Earning P/E Ratio: N/A
Return on Net Worth (RoNW): 29.98%
Net Asset Value (NAV): ₹43.75 per Equity Share

Peer Group

  • Aditya Birla Fashion and Retail Limited
  • Go Fashion (India) Limited
  • Arvind Fashions Limited
  • Kewal Kiran Clothing Limited
  • Kamal Khushlani
  • Poonam Khushlani

Mufti Jeans IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/

Mufti Jeans IPO Allotment Status Check

Check Mufti Jeans IPO allotment status on Linkintime website allotment URL. Click Here

Mufti Jeans IPO Lead Managers aka Merchant Bankers

  • Dam Capital Advisors Ltd
  • ICICI Securities Limited
  • Keynote Financial Services

Company Address

Credo Brands Marketing Limited
B-8, MIDC Central Road, Marol,
Next to MIDC Police Station
Andheri (E), Mumbai – 400093,
Phone: +91 22 6141 7200
Email: [email protected]
Website: https://www.credobrands.in/

Mufti Jeans IPO FAQs

What is Mufti Jeans IPO?

Mufti Jeans IPO is a main-board IPO. They are going to raise ₹[.] Crores via IPO. The issue is priced at ₹[.] to ₹[.] pr equity share. The IPO is to be listed on BSE & NSE.

When Mufti Jeans IPO will open?

The IPO is to open on December 2023 for QIB, NII, and Retail Investors.

What is Mufti Jeans IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Mufti Jeans IPO?

You can apply for Mufti Jeans IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Mufti Jeans IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Mufti Jeans”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Mufti Jeans IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Mufti Jeans”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Mufti Jeans IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Mufti Jeans”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Mufti Jeans IPO Size?

Mufti Jeans IPO size is ₹[.] crores.

What is Mufti Jeans IPO Price Band?

Mufti Jeans IPO Price Band is ₹[.] to ₹[.].

What is Mufti Jeans IPO Minimum and Maximum Lot Size?

The minimum bid is [.] Shares with ₹[.] amount while the maximum bid is [.] shares with ₹[.].

What is the Mufti Jeans IPO Allotment Date?

Mufti Jeans IPO allotment date is December 2023.

What is the Mufti Jeans IPO Listing Date?

Mufti Jeans IPO listing date is December 2023. The IPO is to list on BSE and NSE.

Note: The Mufti Jeans IPO price band and date are officially announced yet. The IPO grey market premium (Mufti Jeans IPO Premium) will be added to the IPO grey market page as it will start).

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