Upcoming IPOs in India: The IPO (Initial Public Offering) of Campus Shoes may hit the primary markets next month. According to market sources, the sports and athleisure footwear company is planning to list on the stock exchanges in May 2022. Campus Shoes filed the DRHP (Draft Red Herring Prospectus) last year. The footwear company through this public issue in its DRHP had offered for sale (OFS) of 5.10 crore equity shares by the promoters and existing shareholders.
campus shoes Hari Krishna Agarwal and Nikhil Agarwal are among the promoters who offered shares in this OFS. The equity shares offered in the OFS include investors such as TPG Growth III SF Pte Ltd and QRG Enterprises Ltd.
At present, promoters of Campus Shoes hold 78.21 per cent, TPG Growth and QRG Enterprises hold 17.19 per cent and 3.86 per cent, respectively. The remaining 0.74 percent is held by individual shareholders and existing employees of the company.
The sports and athleisure footwear company, which is based in Delhi, is looking to expand its distribution network and deepen its footprint in western and southern India. In addition, Campus Shoes, which is backed by equity funds TPG Growth and QRG Enterprises, also plans to expand its offering into high-margin women’s and children’s portfolios.
Disclosure of distribution network expansion plan; Raman Chawla, CFO, Campus Activewear, said, “The campus will continue to build D2C channels for premiumization and growth in other consumer segments such as women and children. We expect these initiatives to significantly increase our network coverage across India.” Chawla plans to have additional hands to complement the expansion of its sales network.
Talking about e-commerce, he said that 20 per cent of its business is now coming from new age digital sales channels. “It’s gone above 200 million 400 crore in the last three years,” Chawla said.
As part of its strategy, the company is focusing on the domestic market and believes it has ample scope to grow. Quoting a Technopak report, Chawla said that the sports and athletic footwear market is around 9,000 crores, which is moving towards branded players.
Campus Activewear claimed a market share of 17 per cent in the branded sports and athleisure footwear industry in India for FY 2011.