Campus Activewear IPO subscribed 51.75 occasions on final day of subscription

The preliminary public provide of athleisure footwear firm Campus Activewear was subscribed 51.75 occasions on the final day of subscription on Thursday, primarily helped by sturdy curiosity from institutional patrons.

According to the NSE knowledge, the IPO (Initial Public Offer) received bids for 1,74,02,02,110 shares in opposition to 3,36,25,000 shares on provide.

The portion meant for Qualified Institutional Buyers (QIBs) obtained 152.04 occasions subscription, whereas the class for non-institutional buyers received subscribed 22.25 occasions and Retail Individual Investors (RIIs) chunk 7.68 occasions.

The IPO was solely an Offer for Sale (OFS) of as much as 4,79,50,000 fairness shares.

Those providing shares within the OFS embody promoters — Hari Krishna Agarwal and Nikhil Aggarwal — and present shareholders — TPG Growth III SF Pte Ltd, QRG Enterprises Ltd, Rajiv Goel and Rajesh Kumar Gupta.

At current, promoters maintain 78.21 per cent stake within the firm whereas TPG Growth and QRG Enterprises personal 17.19 per cent and three.86 per cent, respectively.

Price vary for the IPO was at Rs 278-292 per share.

Campus Activewear on Monday garnered just a little over Rs 418 crore from anchor buyers.

JM Financial, BofA Securities India, CLSA India and Kotak Mahindra Capital Company are the managers to the provide.

Campus Activewear launched the model ‘Campus’ in 2005 and affords a various product portfolio for the complete household.