Campus Activewear Ltd IPO | Motilal Oswal

Campus Activewear Ltd IPO

Opening Date

26, April 2022

Closing Date

28, April 2022

Face Value

₹5 per equity share

IPO Price Band

₹278 to ₹292per equity share

Minimum Order Quantity

51 Shares

Issue Size

Rs 1,400.14 Crs

 

The year 2021 proved to be a beneficial year for primary markets, wherein more than 63 IPOs went public, raising more than 1 Lakh Crore. It is estimated that approximately 1 million investors participated in this IPO rally. The largest IPO was from One97 Communications (PAYTM) for Rs 18,300 crore — the largest offering historically in India. New-age technology brands like Paytm, Zomato, Nykaa and Policybazaar, released initial public offerings (IPOs) in India during 2021 even as the stock market key indices leaped to new highs shrugging off COVID concerns. Coming out now, is the offering from Campus Activewear Ltd. Let’s take a quick look at this offering.

About Campus Activewear Limited

Incorporated in 2005, Campus Activewear Limited is India's largest sports and athleisure footwear brand.  The company has a pan-India trade distribution network, with over 425 distributors in 28 states and 664 cities. The company also has 18,200 retailers across India. Campus Activewear is the largest sports and athleisure footwear brand in India, both in terms of value and volume.  It became one of the fastest growing scaled sports and athleisure footwear brands (scaled brands being brands with over ₹ 2 billion of revenue in Fiscal 2019) in India over Fiscal 2019 to Fiscal 2021. The company holds an extensive product portfolio and has launched 583 new designs in FY21 , with 1,433 active styles for men, 241 active styles for women and 485 active styles for kids and children as on December 31, 2021 . The company holds an approximate of 17% market share in the branded sports and athleisure footwear industry in India by value for Fiscal 2021.

Campus Activewear Ltd IPO details -

Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO viz - Campus Activewear Ltd IPO date and its share price.

Campus Activewear Ltd IPO date -

According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is going live from 26th, April 2022 and will be available for subscription until 28th, April 2022.

Campus Activewear Ltd IPO issue size -

The total issue size of the latest IPO of Campus Activewear Ltd IPO is declared to be Rs 1,400.14 crores. This is a total fresh issue of shares offered by Campus Activewear Ltd IPO.

50% of the offer is for QIBs (qualified institutional buyers), 35% for retail investors, and the balance 15% for NIBs (non-institutional investors).

Campus Activewear Ltd IPO share price

The price band of the company’s upcoming IPO is declared to range between ₹278 to ₹292 per equity share

Campus Activewear Ltd IPO listing

Since the IPO of Campus Activewear Ltd IPO is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)

Campus Activewear Ltd IPO objectives

According to the Red Herring Prospectus filed by the company, it aims to utilize the Net Proceeds towards the following objects:

  • To achieve the benefits of listing the equity shares on the stock exchanges
  • To carry out offer for sale of up to 47,950,000 Equity Shares by the selling shareholders’ in the Offer, aggregating up to ₹ 1400 cr

Conclusion

With health and fitness taking the front seat, this IPO might surely bring an excitement to experience how the Indian Stock Market reacts to this emerging company. If you wish to become a part of this growing Indian Market, you will need to have an online demat and trading account, which will help you get shares of your favourite companies. To get an online DEMAT account for Free*, all you have to do is sign-up with Motilal Oswal and get started.

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.

 

 

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