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Campus Activewear IPO – Details
Campus Activewear (India) Ltd. has filed its Draft Red Herring prospectus (DRHP) with the market regulator, Securities and Exchange Board of India, for its proposed initial public offering (IPO). The company is looking to sell up to 4.79 crore equity shares amounting to Rs. 1,400.14 crores through an offer for sale. Promoters Nikhil Agarwal and Hari Krishan Agarwal will be offloading a majority of their shares in this round.
Venture capital firms QRG Enterprises and TPG Growth III SF Pte Ltd., which owns 51% shares in the company, are also looking to cash out in this initial share sale. The public issue will be managed by Kotak Mahindra Capital Company Ltd., BofA Securities, JM Financial and CLSA India Pvt Ltd. Further, 78.21% is the current pre-IPO promoter holdings. Other details of this initial public offering are mentioned in the table below:
Issue Type
Book Built
Listing at
BSE & NSE
Price Band
Rs. 278 - Rs. 292
per equity share
Minimum Order Quantity
51 shares
Face Value
₹5
per equity share
Market Lot
51 shares
Issue Type
Book Built
Listing at
BSE & NSE
Price Band
Rs. 278 - Rs. 292
per equity share
Minimum Order Quantity
51 shares
Face Value
₹5
per equity share
Market Lot
51 shares
Listing at NSE, BSE
Campus Activewear IPO Important Dates
| IPO Open Date | 26 April 2022 |
|---|---|
| IPO Close Date | 28 April 2022 |
| Basis of Allotment Publication Date | 4 May 2022 |
| Initiation Of Refunds | 5 May 2022 |
| Credit Of Shares To Demat Account |
6 May 2022 |
| IPO Listing | 9 May 2022 |
Campus Activewear IPO Latest News and Subscription Status Today [Live]
At 12:00:00 PM
- This IPO has been subscribed 6.80x by 12:00 PM. on Day 3
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 7.20x
- (NII) Non-institutional buyers: 9.8x
- (RII) Retail Individual buyers: 5.34x
- Employees: 1.55x
At 12:50:00 PM
- This IPO has been subscribed 8.88x by 12:50 PM. on Day 3
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 12.72x
- (NII) Non-institutional buyers: 11.29x
- (RII) Retail Individual buyers: 5.73x
- Employees: 1.61x
At 02:00:00 PM
- This IPO has been subscribed 12.92x by 02:00 PM. on Day 3
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 23.07x
- (NII) Non-institutional buyers: 14.96x
- (RII) Retail Individual buyers: 6.38x
- Employees: 1.69x
At 02:50:00 PM
- This IPO has been subscribed 26.38x by 02:50 PM. on Day 3
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 66.75x
- (NII) Non-institutional buyers: 18.28x
- (RII) Retail Individual buyers: 7.07x
- Employees: 1.92x
At 03:40:00 PM
- This IPO has been subscribed 48.46x by 03:40 PM. on Day 3
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 142.00x
- (NII) Non-institutional buyers: 20.83x
- (RII) Retail Individual buyers: 7.41x
- Employees: 2.12x
At 04:40:00 PM
- This IPO has been subscribed 51.73x by 04:40 PM. on Day 3
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 152.04x
- (NII) Non-institutional buyers: 22.25x
- (RII) Retail Individual buyers: 7.64x
- Employees: 2.11x
At 05:15:00 PM
- This IPO has been subscribed 51.75x by 05:15 PM. on Day 3
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 152.04x
- (NII) Non-institutional buyers: 22.25x
- (RII) Retail Individual buyers: 7.68x
- Employees: 2.11x
At 10:45:00 AM
- This IPO has been subscribed 1.56x by 10:45 AM. on Day 1
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.09x
- (NII) Non-institutional buyers: 1.69x
- (RII) Retail Individual buyers: 2.36x
- Employees: 0.77x
At 11:35:00 AM
- This IPO has been subscribed 1.71x by 11:35 AM. on Day 2
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.09x
- (NII) Non-institutional buyers: 1.89x
- (RII) Retail Individual buyers: 2.56x
- Employees: 0.80x
At 01:50:00 PM
- This IPO has been subscribed 2.22x by 01:50 PM. on Day 2
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.09x
- (NII) Non-institutional buyers: 3.05x
- (RII) Retail Individual buyers: 3.10x
- Employees: 0.95x
At 02:50:00 PM
- This IPO has been subscribed 2.41x by 02:50 PM. on Day 2
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.09x
- (NII) Non-institutional buyers: 3.57x
- (RII) Retail Individual buyers: 3.26x
- Employees: 1.00x
At 03:30:00 PM
- This IPO has been subscribed 2.58x by 03:30 PM. on Day 2
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.09x
- (NII) Non-institutional buyers: 3.97x
- (RII) Retail Individual buyers: 3.42x
- Employees: 1.05x
At 04:20:00 PM
- This IPO has been subscribed 2.84x by 04:20 PM. on Day 2
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.13x
- (NII) Non-institutional buyers: 4.64x
- (RII) Retail Individual buyers: 3.63x
- Employees: 1.09x
At 05:10:00 PM
- This IPO has been subscribed 3.21x by 05:10 PM. on Day 2
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.13x
- (NII) Non-institutional buyers: 5.67x
- (RII) Retail Individual buyers: 3.94x
- Employees: 1.42x
At 10:45:00 AM.
- This IPO has been subscribed 0.30x by 10:45 AM. on Day 1
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.04x
- (RII) Retail Individual buyers: 0.59x
- Employees: 0.03x
At 11:50:00 AM.
- This IPO has been subscribed 0.50x by 11:50 AM. on Day 1
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.13x
- (RII) Retail Individual buyers: 0.94x
- Employees: 0.10x
At 01:30:00 PM.
- This IPO has been subscribed 0.73x by 01:30 PM. on Day 1
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.01x
- (NII) Non-institutional buyers: 0.39x
- (RII) Retail Individual buyers: 1.29x
- Employees: 0.20x
At 02:35:00 PM.
- This IPO has been subscribed 0.82x by 02:35 PM. on Day 1
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.01x
- (NII) Non-institutional buyers: 0.48x
- (RII) Retail Individual buyers: 1.43x
- Employees: 0.25x
At 03:50:00 PM.
- This IPO has been subscribed 1.03x by 03:50 PM. on Day 1
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.09x
- (NII) Non-institutional buyers: 0.76x
- (RII) Retail Individual buyers: 1.70x
- Employees: 0.33x
At 04:25:00 PM
- This IPO has been subscribed 1.16x by 04:25 PM. on Day 1
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.09x
- (NII) Non-institutional buyers: 1.12x
- (RII) Retail Individual buyers: 1.80x
- Employees: 0.64x
At 05:15:00 PM
- This IPO has been subscribed 1.24x by 05:15 PM. on Day 1
- It is a public issue of 1,01,52,774 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.09x
- (NII) Non-institutional buyers: 1.32x
- (RII) Retail Individual buyers: 1.88x
- Employees: 0.68x
About Campus Activewear
Campus Activewear Limited was incorporated in 2005. It produces and distributes footwear, including running shoes, casual shoes, walking shoes, flip flops, floaters, slippers, and sandals. The products are available in multiple colours and styles and a wide range of price points. Campus Activewear sells its products and services through both physical and online stores.
Campus Footwear has a 17% market share in India's branded sports and athleisure footwear. In addition, this company wishes to expand its distribution network into western and southern India. Keeping this primary goal in mind, Campus Footwear now plans to reach newer heights by floating an initial public offering.
Campus Activewear IPO Objectives
The primary purpose of this initial public offering of Campus Activewear is to raise funds for further business activities. Apart from it, the other objectives are:
- Existing shareholders have offered to sell 4,79,50,000 shares from their stake.
- To get the company shares listed on BSE and NSE exchange to avail the benefits.
- To reap the benefits of listing this company on the stock exchange.
Why should you invest in Campus Activewear IPO?
Here are some reasons why individuals should consider subscribing to the initial public offering of Campus Activewear:
- Campus Activewear had a 15 per cent share of the athleisure footwear market in India in the financial year ending in March 2020, and the same has increased to 17 per cent in the following fiscal year, i.e., FY 2021.
- The brand covered over 85% of the market for athleisure and sports footwear in the fiscal year 2021.
- Campus Activewear introduced 583 fresh footwear designs in 2021 and sold 7.05 million pairs of shoes during the particular period.
- The stake of the promoters in this firm is 78.21 per cent, while 17.19 per cent and 3.86 per cent are owned by QRG Enterprises and TPG Growth, respectively.
Financial highlights
As mentioned in its draft red herring prospectus (DRHP) submitted to the Securities and Exchange Board of India (SEBI), the financial highlights of Campus Activewear are stated in the table below:
| Financial Year | Total Assets in Millions | Total Revenue in Millions | Profit After Tax in Millions |
|---|---|---|---|
| FY 2021 | Rs. 6,847.53 | Rs. 7,150.80 | Rs. 268.63 |
| FY 2020 | Rs. 7,192.23 | Rs. 7,341.15 | Rs. 623.69 |
| FY 2019 | Rs. 5,055.53 | Rs. 5,966.97 | Rs. 386 |
How to apply for Campus Activewear IPO?
You can apply for an IPO through two routes. They are outlined in the sections below:
Investing in India can be fairly straightforward, especially if an investor uses the Angel One platform. Create a Demat account by completing a registration form and uploading any supporting document to get started. Once the process is complete, individuals will be able to review investment opportunities of various companies floating their IPOs, such as Campus Activewear.
UPI
Angel One, a platform for buying and selling stock, is now accepting UPI-linked bank accounts for the Campus Activewear initial public offering. Angel One users must link their bank accounts to their UPI IDs before they can invest in the IPO. They can apply for the IPO through the Angel One mobile application or web portal at their convenience. Angel One users can also block the money they intend to invest at any time with a few taps on the "block" button on the UPI app.
Campus Activewear IPO - Noteworthy Highlights
The following are the noteworthy highlights for interested investors to consider:
- Campus Activewear is the largest and fastest growing sports athleisure footwear and sports footwear brand in the nation.
- The company possesses the ability to monitor fashion trends, which gives it a competitive advantage over other firms. Further, it allows Campus Activewear to bring the latest trends and styles to the customers.
- A robust supply chain along with sophisticated manufacturing techniques make it hard for competitors of this company to duplicate the authenticity of its products.
- Campus Activewear has built an extensive distribution network across the country. It is moving into the premium category, which is growing rapidly in India.
- The company has built a strong reputation, applying new tactics to branding and marketing as it evolves.
- Campus Activewear boasts of 400 distributors with 153 employees that aid the internal sales force in India, while a total of 49 company employees work outside the country.
Campus Activewear IPO - SWOT Analysis
Strengths
- As the leading sports and athleisure brand, Campus Activewear has grown rapidly over the past few fiscal years.
- This company has been a fashion leader and has a progressive approach to new product development, enabling it to stay on top of the latest fashion trends.
- Campus Activewear has a highly efficient, integrated manufacturing system and supply chain.
- The company has a large and diverse distribution network with a strong presence throughout the country, enabling it to move up the ladder.
- Campus Activewear is known for its distinctive branding and product marketing approaches.
Weaknesses
- If the business of Campus Activewear fails to keep up with the latest trends and promote its products effectively, the company will lose its profits.
- In the competitive industry in which this company operates, any failure to effectively compete will adversely affect the financials and operations of Campus Activewear.
- Sustained price competition will force the company to cut prices and thereby lower its gross margins.
- The security measures of Campus Activewear can sometimes fail, allowing cyber attacks to occur.
Opportunities
- Customer-first strategies, coupled with the digitised sales operations, enable this firm to introduce greater flexibility into its product offerings.
- The production value chain of Campus branded products is totally committed to quality, and the products of this company are a testament to this commitment.
- The Chief Executive of Campus Activewear has been in the footwear industry for 37 years. The top management staff are long-time employees with rich experience in consulting, FMCG, and Retail.
Threats
- The management team of Campus Activewear, which has been in place for many years, is important to the long-term performance of this company. If the executives were to leave, it might result in a negative impact on the firm.
- Campus Activewear might fail to run the strategy or expand its business successfully, on time or within budget.
- Warehousing and shipping account for the majority of the business of this company. So, any disruptions in these operations could result in significant negative consequences.
- Since Campus Activewear has limited control over its intermediaries, the company may not be able to keep track of inventory levels.
- The head office of this company is different from its manufacturing facilities, which are on both leased and owned land.
Competitive Analysis: Market Peers
Here are some competitors of Campus Activewear, along with their recent financial performance:
| Competitors | Revenue in Crores |
| Bata India Limited | Rs. 3,056 |
| Relaxo Footwears Limited | Rs. 2,410 |
| Adidas | Rs. 1,198 |
| Asian Footwear | Rs. 103 |
| Asics | Rs. 162 |
| Decathlon | Rs. 2,208 |
| Lancer | Rs. 99 |
| Metro Shoes | Rs. 1,285 |
| Khadim | Rs. 772 |
| Liberty Shoes | Rs. 652 |
| Mirza International | Rs. 1,260 |
| Nike | Rs. 760 |
| Under Armour | Rs. 44 |
| Puma | Rs. 1,412 |
| Reebok | Rs. 429 |
| Skechers | Rs. 659 |
