Campus Activewear IPO: Campus Activewear IPO will open tomorrow, April 26. The issue will be available for subscription starting Tuesday, April 26 and will be available through Thursday, April 28. The company plans to sell its shares for between Rs 278 and Rs 292 per equity share. The company's promoters, Hari Krishna Agarwal and Nikhil Aggarwal, will sell roughly 12.5 million equity shares in the OFS, while TPG Growth III SF Pte Ltd and QRG Enterprises will sell up to 29.1 million shares and 6.05 million shares, respectively.
IPO for Campus Activewear: Lot Size
The issue, which is wholly an offer-for-sale (OFS) from the business's promoters and existing shareholders, would raise Rs 1,400. They want to sell 4,79,50,000 shares in the OFS, each with a face value of Rs 5. The company will not benefit financially from the offering.
Dates of Listing and Allotment
The final distribution of IPO shares will take place on May 4, while refunds will begin on May 5. On May 6, shares will be credited to demat accounts. The IPO is expected to go public on May 9th.
Campus Activewear, based in Delhi, develops and distributes a wide range of footwear, including running shoes, walking shoes, casual shoes, floaters, slippers, flip flops, and sandals, in a variety of colours and styles. Campus Activewear sells their items both online and in brick-and-mortar locations. With over 400 distributors in 28 states and 625 cities, it has a pan-India trade distribution network. In addition, the corporation has 18,200 retailers in India.
Financials
In fiscal 2020-21, the company reported a net profit of Rs 26.86 crore, down 57% from the previous year's bottom line of Rs 62.37 crore. Revenue dropped by around 3% to Rs 715.08 crore. The company declared a net profit of Rs 84.80 crore for the nine months ending December 31, 2021, with total revenue of Rs 843.94 crore.
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