Campus Activewear IPO: The price band of the Initial Public Offering (IPO) of sports and athleisure footwear company Campus Activewear has been decided. The company has fixed the face value of its shares at Rs 5 and the issue price at Rs 278-292 per share. The company will raise an amount of Rs 1400 crore through this IPO from the market.
On 26th April of this month Campus Activewear IPO will be launched. Investors can subscribe till April 28. On the other hand, it will open on January 25th for the bidding of anchor investors. This issue by Campus is purely an OFS which stands for an offer for sale. According to the information, the public issue of the company consists of a full offer for the sale of 4.79 crore shares by its existing shareholders and promoters.
Presently, the promoters’ stake in the company is 78.21 percent. The Offer for Sale (OFS) includes 80 lakh shares of Hari Krishna Agarwal, 2.91 crore shares of TPG Growth III SF Pte Ltd, and 45 lakh shares of Nikhil Agarwal, 60.5 lakh shares of QRG Enterprises Ltd, and 1 lakh equity shares of Rajiv Goyal.
Whereas Rajesh Kumar Gupta will sell his 2 lakh shares. This IPO is likely to be allotted on May 4. The book running lead managers of the campus activewear issue are BofA Securities India Limited, JM Financial, CLSA India, and Kotak Mahindra Capital Company.
51 Shares Lot Size (Campus Activewear IPO)
The company has fixed the issue price at Rs 278-292 per share and there will be 51 shares in one lot. That is, investors will have to invest a minimum amount of Rs 14,892. Of this, 50 percent is reserved for Qualified Institutional Investors (QIBs). 15 percent is reserved for non-institutional investors (NICs) and the remaining 35 percent for retail investors.