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Campus Activewear IPO Subscribed 51.75 Times on Day 3

16 August 20226 mins read by Angel One
Campus Activewear IPO Subscribed 51.75 Times on Day 3
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The IPO of Campus Activewear, the biggest sports and athleisure footwear brand in India, was subscribed 51.75 times on the third day of its offering, 28 April 2022. This includes a total of 1,74,02,02,110 bids against an offering of 3,36,25,000 shares the company made to its investors, as per the official website of NSE.

The company is a manufacturer and distributor of highly assorted footwear incorporated in 2005. Its varieties include walking shoes, running shoes, slippers, flip-flops, casual shoes, etc. Moreover, they also have options in colour, style, and price. 

At present, this Pan-India footwear brand has 400 distribution centres spread across 28 states and 625 cities. In addition, Campus Activewear offers both online and offline assistance to expand its sales horizon. The company launched its initial public offering on 26 April 2022 to raise a fund of Rs. 1,400.16 crores. Moreover, this IPO is entirely an offer for sale (OFS) issued by its existing shareholders and promoters. The price band of this offering ranges from Rs. 278 to Rs. 292. 

Day 3 Performance Status of Campus Activewear IPO

Look at the following points to find the number of shares offered and subscribed in this public issue under the respective investment categories:

  • Campus Activewear received bids for 1,45,20,09,525 shares against an offering of 95,50,000 shares made to the Qualified Institutional Buyer (QIB) investment category.
  • Under the Non-Institutional Investor (NII) category, it fetched a total bid for 15,93,89,790 shares against an offering of 71,62,500 shares. 
  • The company also received bidding from Retail Individual Investors (RII) for 12,83,81,331 shares. Campus Activewear allotted 1,67,12,500 shares to this category. 
  • Employees of this company were also allotted 2,00,000 shares, among which they subscribed for 4,21,464 shares. 

To get details of the number of times QIB, NII, RII and employees subscribed to the offering of Campus Activewear, refer to this table below: 

Investor Category QIBs NII RII Employees Total
No. of Times Subscribed 152.04 times  22.25 times 7.68 times 2.11 times 51.75 times

The percentage of the entire issue reserved for QIB included 50%, and for NII and RII, it was 15% and 35%, respectively. 

A Quick Glance into the Campus Activewear IPO Anchor Allotment Status

Before launching its IPO, Campus Activewear held an anchor allotment on 25 April 2022 and marked a robust response by raising 29.87% of the total issue. This allotment took place between 32 anchor investors who were allotted 1,43,25,000 shares. The company managed to garner an amount of Rs. 418 crores in this pre-IPO round at the upper price band of Rs. 292. 

Here is a list of 10 anchor investors who held more than 3.50% allotment and who accounted for more than 50.03% of this total allocation:

Anchor Investor No. of Shares Allotted Value of Allotment
Nippon India Flexi Cap Fund 5,10,000 Rs. 14.89 crores
CLSA Global Markets Pte Ltd.  5,26,014 Rs. 15.36 crores
ICICI Prudential Life Insurance 5,26,014 Rs. 15.36 crores
HDFC Life Insurance 5,26,014 Rs. 15.36 crores
HDFC Balanced Advantage Fund 9,17,898 Rs. 26.80 crores
Ashoka India Equity Fund 9,17,898 Rs. 26.80 crores
East Spring Investments 9,17,898 Rs. 26.80 crores
Nomura India Mother Fund 9,17,898 Rs. 26.80 crores
Fidelity India Focus Fund 9,17,898 Rs. 26.80 crores
Abu Dhabi Investment Authority 9,17,898 Rs. 26.80 crores

As Campus Activewear IPO is a pure offer for sale, the company will not receive the proceeds from this public issue. So, the main objective of this offering is to reap the benefits of listing its shares on the stock exchanges. 

Day 1 and Day 2 Subscription Status of Campus Activewear IPO

The following table contains the details of Day 1 and Day 2 performance of Campus Activewear IPO across different investor segments:

Investor Category QIBs NIIs RIIs Employees Total
Day 1  0.09 times 1.32 times 1.88 times 0.68 times 1.24 times
Day 2 0.13 times 5.67 times 3.94 times 1.42 times 3.21 times

Final Thoughts

Market experts share a mixed opinion about Campus Activewear, but most of them indicate the positive side. As the company is shifting steadily towards higher premiumisation, it is expected to maximise its profit. Moreover, it will also reap the benefits of the recent industry growth trend that promotes sports and fitness. 

So, those looking to invest in its shares can open their Demat account through Angel One platform for an easy buy/sell option. It takes only a few minutes to register and has a user-friendly interface, thus beneficial for first-time investors. 

Frequently Asked Questions

1. Where will Campus Activewear list its shares?

The listing of the shares of Campus Activewear will take place on BSE and NSE

2. How much is the face value of Campus Activewear IPO shares?

Campus Activewear has set a face value of Rs. 5 for its IPO shares. 

3. When is the allotment of Campus Activewear shares going to take place?

The allotment of Campus Activewear shares is to take place on 4 May 2022. Moreover, the company will credit shares to the investor account on 6 May 2022. 

4. Who are the promoters of Campus Activewear?

Nikhil Aggarwal and Hari Krishan Agarwal are the promoters of Campus Activewear. 

5. How much net profit did Campus Activewear earn in the year 2022?

Campus Activewear recorded a net profit of Rs. 268.63 millions as of 31 March 2022. 

Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.

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