Footwear brand Campus Activewear to open its IPO next week; GMP at ₹60 per share

• Campus Activewear is all set to open an IPO next week that is expected to raise worth ₹1,400 crore.
• The IPO is a complete offer for sale (OFS) of 4.79 crore shares by promoters and shareholders of the company.
• The footwear brand will open the IPO on April 26 and close on April 28.

Footwear brand Campus Activewear is all set to open its initial public offering (IPO) next week from April 26 and close on April 28.

The company is looking to raise ₹1,400 crore through the public issue of shares. The price band of the IPO is ₹278-₹292 per share.

The IPO is a complete offer for sale (OFS) of 4.79 crore shares by promoters and shareholders of the company.

Meanwhile, shares of the company are demanding a premium of ₹60 per share in the grey market.

Started in 2005, Campus Activewear claims to be India's largest sports and athleisure footwear brand. It manufactures a variety of footwear at affordable prices. Campus Activewear sells its products through both online and offline platforms.

It has a pan-India trade distribution network with over 400 distributors in 28 states and 625 cities. The company also has 18,200 retailers across India.

Campus Activewear is among the top five brands with highest sales. Campus had an approximately 15% share of the branded sports and athleisure footwear retail market in India by value in FY20, which increased to approximately 17% share in FY21.
The company has five manufacturing facilities across India with an installed annual capacity for assembly of 25.60 million pairs as of September 30, 2021.

Here are some important dates of the IPO:


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