Campus IPO: Campus IPO To Open Next Week, Price Band Announced, Know How Much To Invest?

Campus Activewear IPO: The initial public offering of Campus shoes will open next week, on April 29. This IPO is purely an offer for sale. The company’s existing shareholders and promoters will sell 4.79 crore shares. The company’s shares will be allotted on May 4, while the listing will take place on May 9. The company has announced a price band (Campus IPO price band) for the issue. The company has set a price band of Rs 278-292 for the issue.

Reserves for employees

Two lakh equity shares are reserved for employees in this issue. Apart from this, a discount of Rs 27 will also be given on the final price.

How much funds will the company raise?

The campus will raise Rs 1331.62 crore as per the lower price band of the activeware issue. According to the above price band, the company will raise Rs 1398.68 crore. The money raised from the issue will not be used for the company, as the money will go to the promoters and shareholders.

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Lot size and investment

The lot size of the IPO of Campus Activeware is 51 shares. Retail investors will have to invest a minimum of Rs 14,892.

Who will sell how many shares?

In the offer for sale, Harikrishna Agarwal will sell 80 lakh shares, Nikhil Agarwal 45 lakh shares, TPG Growth III SF Pte 2.91 lakh shares and QRG Enterprise 60 lakh shares. At present, the promoter’s stake in the company is 78.21 per cent. TPG Growth has a share of 17.19 per cent and QRG Enterprise has a share of 3.86 per cent. Campus Activeware launched the Camper brand in 2005. This is a lifestyle oriented sports and footwear company, offering a divers product portfolio.

Bank of America Securities India Limited, as well as Financial, CLSA India and Kotak Mahindra Capital are the lead managers for the issue of Campus Activeware. This is the first IPO since the new HNI rules came into force. In December 2021, SEBI tightened IPO rules. This includes new guidelines for determining quotas for HNI and the rule of long lock-in period for anchor investors.

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The company’s stores

Campus Activeware has a nationwide distribution network. The company currently has 400 distributors in 625 cities across 28 states. The company has about 18,200 retailers across the country.

How much is reserved for whom?

About 50 per cent of the total IPOs are reserved for Qualified Institutional Buyers (QIBs). 35 per cent is reserved for retail investors and 15 per cent for non-institutional investors.

Market share of Campus Activeware

According to an estimate, the footwear market in India is worth Rs 60,000 crore, of which the market for sports and laser shoes is worth Rs 10,000 crore. The campus has a 15-20 percent market share, with Reebok having the largest 45 percent market share. It is worth mentioning that India is the second largest footwear maker in the world after China. India accounts for 13 per cent of the world’s total production, while China accounts for 67 per cent.

Company balance sheet

For the nine months ended December 2021, the company’s profit rose 403 per cent to Rs 84.80 crore. On an annualized basis, the company’s revenue grew by 93 per cent to Rs 841.8 crore.

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