Campus Activewear plans to raise Rs 1,400 crore through an initial public offering (IPO).
The IPO of India's sports footwear company Campus will open on 26 April. The Campus IPO bids will open for anchor investors on April 25.
Indian brand Campus Activewear has set a price range of Rs 278-292 per share for its IPO bid.
The lot size of Campus Activewear IPO is 51. That is, investors can bid for a minimum of 51 shares and further in multiples thereof.
The IPO of Campus Activewear will be an offer for sale (OFS) of 4,79,50,000 equity shares entirely on behalf of the promoters and existing shareholders.
The main shareholders of Campus Activewear are Hari Krishna Agarwal, Nikhil Agarwal, TPG Growth and QRG Enterprises Ltd.
Promoters hold 78.21 per cent stake in the campus company. In this, TPG Growth and QRG Enterprises hold 17.19 per cent and 3.86 per cent, respectively.
"Campus" was India's fastest growing scaled sports and athleisure footwear brand from FY 2019 to 2021.
The total revenue of the campus in FY19 was over Rs 2 billion. It has over 400 distributors and over 18,200 retailers.
Campus Activewear has a manufacturing capacity of 2.56 crore pairs annually. This capability makes it India's fastest growing brand
Campus activewear covers over 85% of the total addressable sports and athleisure footwear market in India.
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