Campus Activewear IPO (Initial Public Offering) open for subscription on 26 April 2022 and will be open for subscription till 28 April 2022. That is, the bidding for this public issue is about to end today. After two days of bidding, Campus Activewear IPO subscription status shows that the public offering has been subscribed 3021 times while its retail portion is subscribed 3.94 times. The gray market is also responding positively to the Campus Activewear IPO as the gray market premium (GMP) of the public issue continues to rise. According to market watchers, Campus Activewear is available at a premium to the stock 105 in the gray market today.
Campus Activewear IPO GMP
Market observers said Campus Activewear IPO GMP Today is 105, which is 5 More Than Its Yesterday’s Gray Market 100. He added that the Campus Activewear IPO gray market is growing despite negative sentiments in the premium secondary market, which is commendable. Market observers also believe that the gray market reaction may improve further as today is the last day for bidding.
what does this gmp mean
Campus Activewear IPO as GMP Is Today 105, this means the gray market is expecting Campus Activewear to list around the IPO 397 ( 292 + 105), nearly 35 per cent higher than the IPO price band of Campus Activewear 278 to 292 per equity share. Market observers said the increase in Campus Activewear IPO GMP could boost sentiment for investors who are in a wait-and-watch position.
However, stock market experts suggested investors that GMP is an unofficial data, which is non-regulated. Therefore, the GMP adherents are advised to look at the financial position of the company as well as the balance sheet of the company will give a better picture about the fundamentals of the company.
Campus Activewear IPO: Apply or Not?
Giving a ‘buy’ tag to the Campus Activewear IPO for the long term, Santosh Meena, Research Head, Swastika Investmart Ltd, said, “Campus Activewear Ltd. is India’s largest sports and athleisure footwear brand, with integrated manufacturing facilities, strong brand identity like enjoys competitive advantage, strong distribution network. The company has good growth prospects, good relationship with its stockists and suppliers, focus on in-house designing, and an attractive supply chain network. However, all The price is positive as the share price has a PE of 78.5 (FY22 Annual Earnings), and being OFS, we recommend this issue only for long term investors.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.