Mufti IPO GMP History
Mufti IPO has been listed on December 27, 2023 at a listing price of ₹282.35, against the issue price of ₹280 — a gain of ₹2.35 (+0.84%). The GMP peaked at ₹130 on 23 December 2023 and reached a low of ₹110 on 26 December 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Mufti IPO raised ₹549.78 Cr. through its IPO at a price band of ₹266 to ₹280 per share, with a lot size of 53 shares. The IPO was open for subscription from 19 Dec 2023 to 21 Dec 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:23 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 26 Dec 2023 | ₹ 110 | ▼ | 39% | — | — |
| 23 Dec 2023 | ₹ 130 | — | 46% | — | — |
| 22 Dec 2023 | ₹ 130 | — | 46% | — | — |
| 21 Dec 2023 | ₹ 130 | — | 46% | — | — |
| 20 Dec 2023 | ₹ 130 | ▲ | 46% | — | — |
| 19 Dec 2023 | ₹ 122 | ▲ | 44% | — | — |
| 18 Dec 2023 | ₹ 110 | ▼ | 39% | — | — |
| 16 Dec 2023 | ₹ 120 | — | 43% | — | — |
Mufti IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 19 Dec 2023
- Close 21 Dec 2023
- Allotment 22 Dec 2023
- Refund/credit 26 Dec 2023
- Listing 27 Dec 2023
Mufti IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹280 |
|---|---|
| GMP-based estimate (pre-listing) | ₹390 (+39.3%) |
| Listing gain / loss | +₹2.35 per share |
| Listing date | 27 Dec, 2023 |
| Actual listing price | ₹282.35 (+0.84%) |
Is Mufti IPO GMP reliable?
Grey market premium for Mufti IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Mufti IPO full review for a fundamentals-based assessment before making any grey market trades.
Mufti IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Mufti IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Mufti IPO
Credo Brands Marketing Limited was incorporated as Credo Brands Marketing Private Limited in Mumbai on 29 April 1999. It owns the Mufti menswear brand.
It is a design and retail focused company. Its in-house team designs the products, and finished goods are made by third-party manufacturing partners, of which it had 48 on 30 September 2023.
On 30 September 2023 it had 404 exclusive brand outlets, of which about 66.34% were on high streets.
The IPO was Rs 549.78 crore and was entirely an offer for sale by the promoters, promoter group members and other shareholders, so the company received none of the money.
Frequently asked
What is the GMP of Mufti IPO?
The current Grey Market Premium (GMP) of Mufti IPO is ₹ 110.
What is the Kostak Price of Mufti IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Mufti IPO is not available.
What is the Subject to Sauda Price of Mufti IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Mufti IPO?
Mufti IPO listed on December 27, 2023 at ₹282.35, against the issue price of ₹280 — a gain of +0.84%.
How did the GMP of Mufti IPO trend before listing?
The GMP of Mufti IPO was falling in its final days before listing. The GMP peaked at ₹130 on 23 December 2023. View the day-wise table above for the complete GMP history.
Explore Mufti IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
