Campus Activewear is the greatest athleisure footwear and sports brand in India in terms of volume and value in FY 21. Through an IPO, this company will make the allotment of its shares on 4 May 2022. It intends to list on the stock exchanges on 9 May 2022. You will find more details about this public issue in the following sections.
Is the Issue of Campus Activewear a Complete OFS?
The IPO of Campus Activewear will open for subscription on 26 April 2022 and close on 26 28 April 2022. It consists of a pure OFS of 47.95 million shares by the existing promoters and shareholders of this company.
As a part of the offer for sale (OFS), Hari Krishna Agarwal will offload 8 million shares, and Nikhil Aggarwal will sell 4.5 million shares. On the other hand, QRG Enterprises Ltd. will divest 6.05 million shares, and TPG Growth III SF Pte Ltd. will sell 29.1 million of its shares in Campus Activewear.
Presently, QRG Enterprises and TPG Growth own 3.86% and 17.19% shareholding, respectively. The promoters hold a stake of 78.21% in the firm.
Get an Insight into Campus Activewear
Introduced in 2005, Campus Activewear is a footwear company that comprises a diverse product portfolio for various target groups. The firm offers numerous choices across price points, palettes, colours and styles.
It had a market share of nearly 15% by value in the branded athleisure and sports footwear sector in the country for FY 20. The market share hiked to nearly 17% during FY 21.
In addition, Campus Activewear plans to extend its products in the kids’ and women’s portfolios. As such, the company will enhance its network of EBO (exclusive brand outlets), online sales and omnichannel presence.
Campus Activewear is a well-established footwear brand in India with an aim to focus and grow on the home market. The public offer of this company will be the first one under the latest HNI rules. In 2021, the SEBI strengthened specific IPO regulations.
The lead managers of this initial public offering are Kotak Mahindra Capital Company, CLSA India, JM Financial, and BofA Securities India Limited.
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Frequently Asked Questions
What is the CAGR for Campus Activewear?
In the past 10 years, Campus Activewear has been accelerating at a 25% CAGR.
How much is the revenue for Campus Activewear?
While the outbreak of COVID-19 affected FY 21, the revenues from operations for Campus Activewear were around Rs. 711.28 crores.
How much are the sales for Campus Activewear from April 2021 to December 2021?
From April 2021 to December 2021, Campus Activewear has attained sales of nearly Rs. 1,000 crores.
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