The initial public offering (IPO) of sports footwear maker Campus Activewear got 51.75 times subscription on the last day on Thursday. As per data available on NSE, the company has received bids for 1,74,02,02,110 shares against an offer of 3,36,25,000 shares.
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The eligible institutional buyers (QIBs) segment was subscribed 152.04 times, non-institutional investors 22.25 times and retail investors 7.68 times. The company has made an offer for sale (OFS) of a total of 4,79,50,000 shares in its IPO. Campus Activewear had kept the price range for the IPO at Rs 278 to 292 per share. The company had raised over Rs 418 crore from anchor investors on Monday.
When will allotment of shares happen?
The allotment of shares of Campus Activewear IPO may happen next week on May 4. If the allotment of shares takes place on this day, then the shares in the demat account will be credited on 6th May. Let us tell you, there is a possibility that the company may be listed on BSE and NSE on 9 May 2022.