Campus Activewear IPO to Launch Next Week: Learn About Price, Lot Size, GMP, and Other Important Inf

Campus activewear IPO: The subscription period for Campus Activewear's initial public offering (IPO) will start the following week. The complete Campus Activewear Initial Public Offering (IPO) consists of the promoters and current shareholders offering 4.79 crore equity shares for sale. The issue's book-running lead managers are JM Financial Institutional Securities, BofA Securities India, CLSA India, and Kotak Mahindra Capital Company, while the offer's registrar is Link Intime India.

Campus activewear IPO: Subscription

The Campus Activewear Initial Public Offering's subscription period begins on April 26 and ends on April 28. On April 25, Anchor Book will be open for a whole day.

Campus activewear IPO: Price Band

Campus Activewear's initial public offering price range has been established at Rs 278–292 per share.

Campus activewear IPO: Promotors

Together, the promoters Hari Krishan Agarwal and Nikhil Aggarwal will sell 1.25 million equity shares through an offer for sale. Investors TPG Growth III SF Pte Ltd will sell 2.91 million equity shares, while another investor QRG Enterprises will sell 60.5 lakh equity shares through an OFS. Rajiv Goel and Rajesh Kumar Gupta would sell 3 lakh shares through the offer for sale, among others.

Campus activewear IPO: Objective

Through the Campus Activewear public offering, the business hopes to raise Rs 1,331.62 crore at the lower price band and Rs 1,398.68 crore at the higher price band. The goal of the offer is to execute the offer for sale and reap the benefits of listing equity shares on stock exchanges.

Campus activewear IPO: Reserved Investor Portions

Investors may place a minimum bid of 51 equity shares and then bid in multiples of 51 shares. Retail investors are permitted to deposit a minimum of Rs 14,892 for one lot and a maximum of Rs 1,93,596 for 13 lots. A portion of the offer is set aside for qualified institutional buyers: 50%; non-institutional bidders: 15%; and retail investors: 35%.

Campus activewear IPO: GMP

Campus Activewear IPO shares were spotted selling at a premium of Rs. 50 per share or 17% over the upper end of the pricing band on the grey market. According to those who deal in unlisted shares of the companies, the stock was trading for Rs 342 on Thursday, as opposed to the IPO size of Rs 292 per share.

Campus activewear IPO: About the Company

In India's branded sports and athleisure footwear market by value for the 2020 fiscal year, Campus Activewear reportedly held a 15% market share. According to the survey, the company's market share was forecast to rise to almost 17% in the next fiscal year.

According to a Technopak analysis, Campus Activewear is the leading sports and athleisure footwear brand in India in terms of volume and value in FY21. The business that launched the brand "CAMPUS" in 2005 asserted that it was the fastest-growing athleisure and sports footwear brand in India between FY19 and FY21.

According to the corporation, as of FY21, it served more than 85% of the addressable market in India for athletic and casual footwear.

In FY21, Campus introduced 583 new designs. As of December 2021, it has a wide range of products, including 1,433 active styles for men, 241 active styles for women, and 485 active styles for youngsters and children.

Campus Activewear will join other listed footwear competitors including Bata India, Relaxo Footwears, Khadim India, Liberty Shoes, Metro Brands, and Mirza International when it goes public.

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