Campus Activewear IPO will open for subscription from Tuesday, 26 April 2022. This public issue of Rs 1400 crore will be open for subscription till 28 April 2022. However, before the public issue opens, there is good news for the company’s management as its gray market premium (GMP) continues to rise. According to market watchers, the gray market premium (GMP) of the Campus Activewear IPO rose to Rs 85 on Monday. On Sunday it was Rs 60.
The price band of the issue is Rs 278-292, you can apply for a maximum of 13 lots.
The Gray Market Premium (GMP) of Campus Activewear shares has increased by Rs 25 more on Monday as compared to Sunday. At the same time, its gray market premium on Saturday was Rs 53. The price band for the public issue of Campus Activewear has been fixed by the company at Rs 278-292 per share. The issue will open on April 26 and will remain open till April 28. The company will raise Rs 1,400.14 crore by issuing 47,950,000 equity shares in this public issue. There will be 51 shares in one lot of IPO. Any person bidding for the IPO will be able to apply for a maximum of 13 lots.
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Advice on subscribing to the public issue
Brokerage house Anand Rathi has given buy rating to Campus Activewear IPO. Advising to subscribe to the public issue, Anand Rathi in his report said that investors can rely on reasonable pricing and attractive valuations of Campus Activewear and should consider Campus Activewear’s operations in the fast growing footwear segment.
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The IPO allotment of Campus Activewear is likely to take place on May 4, 2022. The public issue 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.