Footwear company Campus Activewear has filed preliminary papers with market regulator SEBI (Securities and Exchange Board of India) to raise funds through initial public offering (IPO).
IPO is purely an offer for sale (OFS) of 5.1 crore equity shares by promoters and existing shareholders.
The draft red herring prospectus (DRHP) submitted by the sports and athletic footwear company said that among the shareholders are promoters Hari Krishna Agarwal and Nikhil Agarwal, and investors TPG Growth III SF Pte Ltd and QRG Enterprises Ltd.
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Promoters currently hold 78.21 per cent stake in the campus, while TPG Growth and QRG Enterprises hold 17.19 per cent and 3.86 per cent, respectively.
Incorporated in 2006, Campus Activewear is one of the leading players in the organized sports and casual footwear segment in India.
The company’s flagship brand “Campus”, is one of the largest domestic sports and casual footwear brand in India. The company has a network of over 15,000 multi-brand retail stores, company-owned exclusive outlets and e-commerce portals.
The brand has a market share of around 17 percent in the branded sports and athleisure footwear industry and offers a wide variety of light weight casual footwear for young millennials.
BofA Securities India Limited, JM Financial, CLSA India and Kotak Mahindra Capital Company are the merchant banks that advise the company.
with PTI input
Read also: TBO Tech filed draft paper for 2100 crore IPO
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