Campus Activewear IPO Review: Campus Activewear initial public offer (IPO) will open for subscription on April 26th, 2022, and close on April 28th, 2022. The sports footwear manufacturer is looking to raise Rs.1,400 crores through the IPO.
In this article, we take a closer look at the Campus Activewear IPO Review and its possible future prospects. Keep Reading to find out!
Table of Contents
About the Company
Founded in 2005, Campus Activewear is an Indian footwear company focusing on sports and athleisure. The company’s product offering includes shoes in the running, walking and casual category.
In addition to this the company also manufactures flip-flops and sandals. In addition to this Campus also offers multiple other choices when it comes to styles and colours.
Since its inception the company has scaled up to become the largest sport and athleisure footwear brand in India both in terms of volume and value. The company currently has a market share of 15% when it comes to branded products in the industry.
At the same time the company is also the fastest growing sports and athleisure footwear brand from FY19 to FY21. The company operates 5 manufacturing facilities. These give it an installed assembling capacity for assembling 28.80 million pairs.
The company sells its products through both online and offline channels. Its offline channels include 18,200 retailers. Supporting this the company has over 400 distributors giving them a pan India presence across 625 cities across 28 states.
The company’s revenues have increased from Rs. 5966.97 crores to Rs. 8846 crores from 2019 to 2021. Out of this the men’s category accounted for 85% of the revenue, whereas women and kids segment accounted for 6% and 9% respectively.
Its listed peers in the industry include Bata and Relaxo. However both the listed companies do not have the same focus that Campus has on sports wear.
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Grey Market Information
Shares of Campus Activewear traded at a 20% premium on April 24th. The shares were trading at Rs 352. This gives a premium of Rs 60 over the cap price of Rs 292.
Key IPO Information
Hari Krishan Agarwal and Nikhik Agarwal are the promoters of the company. They have appointed JM Financial Consultants, BofA Securities, CLSA India and Kotak Mahindra as the lead managers to the issue. Link Intime Pvt. Ltd. has been appointed as the registrar to the issue
| Particular | Details |
|---|---|
| IPO Size | ₹1,400.14 Cr |
| Fresh Issue | Nil |
| Offer For Sale(OFS) | ₹1,400.14 Cr |
| Opening Date | Apr 26, 2022 |
| Closing Date | Apr 28, 2022 |
| Face Value | ₹5 per equity share |
| Price Band | ₹278 to ₹292 per equity share |
| Minimum Lot Size | 1 (51 Shares) |
| Maximum Lot Size | 13 (663 Shares) |
| Listing Date: | May 9, 2022 |
Purpose of the IPO
The Company has decided to Opt for an IPO for an Offer for Sale. The company will not receive any proceeds from the IPO.
In Closing
In this article, we covered the Campus Activewear IPO Review. The Initial Public Offering opens on April 26th and closes on April 28th.
For investors, it can be a good opportunity to look into the company and apply for the IPO after analysing the prospects and strengths. Let us know what you think about the Campus Activewear IPO review in the comments below? Happy Investing!
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Aron, Bachelors in Commerce from Mangalore University, entered the world of Equity research to explore his interests in financial markets. Outside of work, you can catch him binging on a show, supporting RCB, and dreaming of visiting Kasol soon. He also believes that eating kid’s ice-cream is the best way to teach them taxes.
