Campus Activewear IPO: The preliminary public providing (IPO) of sports activities and athleisure footwear firm Campus Activewear will open on Tuesday, April 26, 2022. The provide comes with a value band of Rs 278-292 per share and shall be obtainable for subscription until Thursday, April 28, 2022.
The public subject by the Delhi-based footwear maker is solely a proposal on the market (OFS) of 4.79 crore (4,79,50,000) fairness shares by promoters and present shareholders.
Those promoting shares within the OFS embody promoters Hari Krishan Agarwal and Nikhil Aggarwal and different traders – TPG Growth III SF Pte Ltd, QRG Enterprises Ltd, Rajiv Goel and Rajesh Kumar Gupta.
JM Financial, BofA Securities India, CLSA India and Kotak Mahindra Capital Company are the ebook operating lead managers to the provide whereas Link Intime India is the registrar of the difficulty.
Before heading into the IPO, the bidding for anchor traders will open on Monday, April 25, 2022, as per the data supplied within the pink herring prospectus (RHP).
The share allotment is prone to happen on Wednesday, May 4, 2022, and the shares are anticipated to be listed on Monday, May 9, 2022, in response to the timeline given within the RHP.
Currently, the promoters personal over 23.8 crore (23,80,09,004) fairness shares which represents a 78.21 per cent stake of the footwear firm whereas TPG Growth and QRG Enterprises have 17.19 per cent and three.86 per cent stake respectively, the RHP information confirmed.
The remaining 0.74 per cent stake is held by particular person shareholders and present workers.
On itemizing, Campus Activewear will be a part of different listed footwear friends resembling Bata India, Relaxo Footwears, Khadim India, Liberty Shoes, Metro Brands and Mirza International.
Campus Activewear in its RHP stated {that a} substantial rise in India’s working age inhabitants from 36 per cent in FY 2000 to 50 per cent in FY 2019 is predicted to proceed sustaining the expansion momentum of the Indian financial system and result in rising revenue ranges within the long-term.
“The younger segment of the population is naturally pre-disposed to adopting new trends given their exposure to media and technology, which presents an opportunity for branded products and organized retail,” it famous.