IPO of Campus Activewear received a strong response from investors, with over 51.75 times bids on the final day of the offer. The original issue size of Campus Activewear IPO was 3,36,25,000 shares. On the final day of the IPO, it received a total bid of 1,74,02,02,110 shares which is 51.57 times the original offer size.
The portion reserved for retail bidders was 7.68 times oversubscribed. The quota for non-institutional investors was oversubscribed by 22.25 times. The employee portion was 2.11 times subscribed. However, Qualified institutional buyers placed a massive subscription bid for 152.04 times their quota of reserved shares. Source: NSE
Campus Activewear Limited, founded in 2005, is India’s leading sports and athleisure footwear company. The company makes and sells a wide range of footwear, including running shoes, walking shoes, casual shoes, floaters, slippers, flip flops, and sandals, in a variety of colors, styles, and prices. Campus Activewear sells its items both online and in brick-and-mortar locations.
Details Of Campus Activewear IPO
|IPO Open Date||Apr 26, 2022|
|IPO Close Date||Apr 28, 2022|
|Basis of Allotment Date||May 4, 2022|
|Initiation of Refunds||May 5, 2022|
|Credit of Shares to Demat Account||May 6, 2022|
|IPO Listing Date||May 9, 2022|
Campus Activewear IPO Issue size 847,950,000 Equity Shares of ₹5 aggregating up to ₹1,400.14 Cr. The offer started on April 26, 2022, and ended on April 28, 2022, with a price band of ₹278 to ₹292 per equity share
Investors participating in the anchor round are Abu Dhabi Investment Authority, Fidelity Funds, Nomura, Societe Generale, BNP Paribas Arbitrage and Goldman Sachs (Singapore), and multiple domestic mutual funds.
CAMPUS Activewear raised about Rs 418 crore from anchor investors ahead of its IPO. The company allocated a total of 14,325,000 equity shares to anchor investors at Rs 292 each. Steadily, the company is moving towards higher premiumization of its product in the D2C space which will increase the future margin.
Campus Activewear IPO Shared will be allotted on May 4, 2022, and will be listed on May 9, 2022, on both NSE & BSE. Users can check their Allotment status on the registerer website.
Live Subscription Data For Campus Activewear IPO
|SR. NO.||CATEGORY||NO OF SHARES OFFERED/ RESERVED||NO OF SHARES BID FOR||NO OF TIMES SUBSCRIBED|
|1||Qualified Institutional Buyers(QIBs)||95,50,000||1,45,20,09,525||152.04|
|1(a)||Foreign Institutional Investors(FIIs)||–||59,75,15,082||–|
|1(b)||Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)||–||53,23,18,314||–|
|2||Non Institutional Investors||71,62,500||15,93,89,790||22.25|
|2(b)||Individuals(Other than RIIs)||–||12,89,91,189||–|
|3||Retail Individual Investors(RIIs)||1,67,12,500||12,83,81,331||7.68|