Campus Activewear Stock: Sports footwear maker Campus Activewear Limited (Campus Activewear IPO) made a good start in the market on Monday. Shares of the company climbed nearly 30 per cent against the price band of Rs 292 on the first day of trading. The company’s shares were listed at Rs 355 with a gain of 21.57 per cent on BSE. Today, during intraday trading, the stock gained 43 percent to reach Rs 417.70. After doing great business throughout the day, the company’s shares closed at Rs 378.60, which means it has gained 29.65 percent. At the same time, this stock was listed on NSE at Rs 360, which was 23.28 percent higher than the price band. Later it closed at Rs 372.65 with a gain of 27.61 per cent.
So much profit per share to investors
Shares of Campus Activewear closed at Rs 378.60 on BSE. The price band for the IPO of Campus Activewear was Rs 278-292. Accordingly, investors have made a profit of Rs 86.60 on each share. That is, the investors who would have got one lot have made a profit of about Rs 19,308. At the same time, those who would have been allotted maximum 13 lots have got a profit of Rs 2.51 lakh. Let us tell you that for the IPO of Campus Activewear, an investor had to invest at least one lot i.e. Rs 14,892 and maximum 13 lots i.e. Rs 1,93,596. 51 shares of the company were placed in one lot.
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Got great response from investors
As per the Campus Activewear IPO subscription status, the ₹1400 crore issue has been subscribed 51.75 times in 3 bidding days, while its retail portion was subscribed 7.68 times. The quota of qualified institutional bidders was subscribed 152 times. At the same time, the quota of non-institutional investors was subscribed 22.25 times.
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Retail quota was subscribed 7.7 times. The campus is a pan-India trade distribution network of activewear. The company has more than 400 distributors in 28 states and 625 cities. The company has 18,200 retailers across the country.