Campus Activewear IPO: The Initial Public Offering (IPO) is scheduled to hit the primary markets next week on Tuesday, 26 April 2022. As per the information available on the BSE website, the price band for Campus Activewear IPO has been fixed as: 278 to 292 per equity share. The Book Built issue will be open to the bidders till Thursday, 28 April 2022.
The company had filed DRHP (Draft Red Herring Prospectus) last year in which, Campus Activewear Limited Offer for Sale (OFS) of 5.10 crore equity shares by promoters and existing shareholders was made through this public issue. However, the total number of shares allowed for listing is 4,79,50,000.
Promoters of Campus Shoes offering shares in this OFS include Hari Krishna Agarwal and Nikhil Agarwal. The equity shares offered in the OFS also include investors such as TPG Growth III SF Pte Ltd and QRG Enterprises Ltd.
At present, the promoters of Campus Activewear Ltd hold 78.21 per cent stake in the company, TPG Growth and QRG Enterprises hold 17.19 per cent and 3.86 per cent respectively. The remaining 0.74 percent is held by individual shareholders and existing employees of the company.
On subscription with regard to Campus Activewear IPO, BSE said, “Retail individual investors will have Unified Payment Interface (UPI) as an additional payment mechanism along with application supported by Block amount (ASBA) to make payments. All others This category of investors shall compulsorily use only Application Supported Blocked Amount (ASBA) facility for making the payment.”
A single bidder will be able to apply for Campus Activewear IPO in lots and a public issue will consist of 51 Campus Activewear shares. So, the minimum amount required to apply for a public issue is 14,892 ( 292 x 51).
The tentative date for allotment of shares is 4 May 2022, while it is expected to be listed on NSE and BSE on 9 May 2022. Link Intime India Private Limited is the official registrar of IPO.