Campus Activewear IPO: IPO of campus activewear IPO will open Tomorrow is 26 April. The issue will open for subscription on Tuesday, April 26 and can be subscribed till Thursday, April 28. The company will sell its shares in the range of Rs 278-292 per equity share. The company’s promoters Hari Krishna Agarwal and Nikhil Agarwal will sell approximately 12.5 million equity shares in the OFS, while TPG Growth III SF Pte Ltd will sell 29.1 million shares and QRG Enterprises 6.05 million shares.
Campus Activewear IPO: Lot Size
The company will raise Rs 1,400 crore through this issue, which is entirely an offer-for-sale (OFS) from the promoters and existing shareholders of the company. They will sell 4,79,50,000 shares in the OFS with a face value of Rs 5. The company will not get any proceeds from the issue.
Campus Activewear IPO: Listing & Allotment Date
allocation of IPO Shares will be finalized on May 4, while refunds will start on May 5. The shares will be credited in the demat accounts on May 6. The IPO listing is likely to happen by May 9.
Delhi headquartered Campus Activewear manufactures and distributes a wide variety of footwear like running shoes, running shoes, casual shoes, floaters, slippers, flip flops and sandals in many colors and styles at affordable prices. Campus Activewear sells its products through online platforms and offline stores. It has a pan-India business distribution network with over 400 distributors in 28 states and 625 cities. The company also has 18,200 retailers across India.
Campus Activewear IPO: Financials
The company reported a net profit of Rs 26.86 crore in the financial 2020-21, which is 57 per cent lower than the bottomline of Rs 62.37 crore in the previous year. Revenue declined nearly 3 per cent to Rs 715.08 crore. For the nine months ended December 31, 2021, the company reported a net profit of Rs 84.80 crore with total revenue of Rs 843.94 crore.
Campus Activewear IPO: GMP
The gray market trend ahead of the IPO is looking quite positive. Today the GMP of the campus is Rs 60. A day ago the GMP of the campus was Rs 53. That is, the company’s performance in the gray market has been good so far. Analysts watching the market say that today’s Campus IPO GMP is priced at Rs 60. Which is Rs 7 more than yesterday. Prices in the gray market have seen a jump of 18 to 20 per cent in the last three days. This shows that the IPO will get good customers.
Campus Activewear IPO: What Do Analysts Say?
Talking about the strength of the footwear company, analysts at Axis Capital said that Campus is the largest sports and athleisure footwear brand in India in terms of both value and volume in fiscal 2021. “Campus is the fastest growing sports and athleisure footwear brand. (There are brands with revenues exceeding Rs 2 billion in FY 2019) in India from FY 2019 to FY 2021,” the brokerage note said.
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