Campus Activewear IPO Subscription Last Day Status: Details here

On the last day of subscriptions on Thursday, the initial public offering of athleisure footwear company Campus Activewear was subscribed 51.75 times, owing to high demand from institutional purchasers, as per PTI reported.

The IPO (Initial Public Offer) received bids for 1,74,02,02,110 shares against the 3,36,25,000 shares on offer, according to NSE data.

According to PTI, Qualified Institutional Buyers (QIBs) received 152.04 times of the total subscriptions, while non-institutional investors received 22.25 times and Retail Individual Investors (RIIs) received 7.68 times.

The initial public offering (IPO) consisted only of an Offer for Sale (OFS) of up to 4,79,50,000 equity shares.

Promoters Hari Krishna Agarwal and Nikhil Aggarwal, as well as current owners TPG Growth III SF Pte Ltd, QRG Enterprises Ltd, Rajiv Goel, and Rajesh Kumar Gupta, are among those offering shares in the OFS, said PTI.

The promoters currently own a 78.21% stake in the company, while TPG Growth and QRG Enterprises own 17.19% and 3.86 percent, respectively.
The IPO’s price range was Rs 278-292 per share.

On Monday, anchor investors gave Campus Activewear a little more over Rs 418 crore.

The offer’s managers include JM Financial, BofA Securities India, CLSA India, and Kotak Mahindra Capital Company, PTI said.

Campus Activewear launched the ‘Campus’ brand in 2005 and now offers a wide range of products for the entire family.

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