The IPO of footwear brand Campus Activewear will hit the primary market next week. According to the information available on BSE, this public issue will be worth Rs 1,400.14 crore. The IPO of Campus Activewear will be open for subscription on 26 April 2022 and will be open till 28 April 2022. The price band of the company’s IPO has been fixed at Rs 278 to 292. According to market watchers, shares of Campus Activewear are trading at a premium of Rs 60 on Friday in the gray market.
You will be able to apply for a maximum of 13 lots
Campus Activewear is looking to raise Rs 1,400.14 crore through this public issue. The company will issue 47,950,000 equity shares. Any investor will be able to apply for IPO in lots. There will be 51 shares in one lot. The promoter of the company has fixed the price band for the public issue at Rs 278-292 per share. One can apply for a minimum of 1 lot and a maximum of 13 lots.
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Maximum Investment Amount Limit Rs 1,93,596
The minimum amount to apply for the IPO of Campus Activewear will be Rs 14,892. At the same time, the maximum investment amount limit is Rs 1,93,596. The tentative date for allotment of IPO of Campus Activewear is 4th May 2022. The public issue of the footwear brand will be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The tentative date of listing is 9th May 2022. The company’s promoters currently hold 78.21 per cent in campus activewear. At the same time, TPG Growth and QRG Enterprises hold 17.19 per cent and 3.86 per cent, respectively, in the footwear brand. The remaining 0.74 per cent stake is held by individual shareholders and existing employees of the company.
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Campus Activewear introduced the Campus brand in the year 2005 and offers a diverse product portfolio for the entire family. BofA Securities India, JM Financial, CLSA India and Kotak Mahindra Capital Company are advising the company on public issues as merchant banks. Half of the public issue is reserved for Qualified Institutional Buyers (QIBs). At the same time, 35% of the issue has been earmarked for retail investors and the remaining 15% for non-institutional investors.