The initial public offering (IPO) of footwear manufacturer Campus Activewear witnessed a strong response from investors, garnering 51.75 times bids on the last day of the IPO process on April 28.
Campus Activewear IPO received bids for 174.02 crore shares as against the issue size of 3.36 crore shares during April 26-28, according to the data available on the National Stock Exchange (NSE).
The portion set aside for retail investors was subscribed 7.68 times, the non-institutional investors’ quota was subscribed 22.25 times, while that of Employees’ was subscribed 2.11 times. Qualified institutional buyers bid for 152.04 times their reserved quota of shares.
Campus Activewear IPO was fully subscribed on the first day of bidding itself. The company is planning to raise Rs 1,400.16 crore from this initial share sale. The IPO is entirely an offer for sale from the promoters and existing shareholders. The price band for the IPO is Rs 278-292 apiece.
Campus Activewear IPO allotment date has been fixed for May 4, 2022. The initiation of refunds is likely to take place on May 5 and shares will be credited to Demat Account on May 6. The IPO listing date is expected to be May 9, 2022.
Campus Activewear IPO – Important Dates
|Issue Opening Date||April 26, 2022|
|Issue Closing Date||April 28, 2022|
|IPO Size||Rs 1,400.16 crore|
|Price Band||Rs 278 to Rs 292|
|Bid Lot||51 shares and in multiples thereof|
|Face Value||Rs 5 per share|
|IPO Allotment Date||May 4, 2022|
|Initiation of Refunds||May 5, 2022|
|Credit of Shares to Demat||May 6, 2022|
|IPO Listing Date||May 9, 2022|
Documents/details you will require to check Campus Activewear IPO allotment status:
DP client ID
How to check Campus Activewear IPO allotment status?
Investors who had bid for the Campus Activewear IPO can check the ipo allotment status of their application online, through these 2 modes:
- The websites of BSE/NSE OR
- The registrar – Link Intime Pvt Ltd.
How to check Campus Activewear IPO allotment status through BSE/NSE website:
Step 1: Visit https://www.bseindia.com/investors/appli_check.aspx
Step 2: Select ‘Equity’ in ‘Issue Type’
Step 3: Select ‘Campus Activewear Ltd.’ in Issue Name
Step 4: Enter the Application Number or PAN
Step 5: Verify and click on ‘I’m not a robot’
Step 6: Click on ‘Search’
How to check Campus Activewear IPO allotment status through the registrar’s website:
Step 1: Visit https://linkintime.co.in/mipo/ipoallotment.html
Step 2: Select “Campus Activewear – IPO”
Step 3: Enter PAN.
Step 4: Finally, click on the Search button to know the allotment status
Here’s how a typical IPO allotment search result page will look like:
Sole/1st Applicant: Mr Aniket Batra
Securities Applied: 51
Shares Allotted: 51
Cut off Price: Rs 292
Amount Adjusted: 14892
About – Campus Activewear
Campus Activewear is one of the leading players in the sports and casual footwear segment in India. The company was founded by Hari Krishan Agarwal in 2006. Currently, the company has around 100 exclusive brand stores across the country. Of this, 65 are company-owned, and the rest are on the franchise model.
Campus Shoes has an installed capacity to manufacture 25.6 million pairs annually. It has five manufacturing facilities located in states like Uttarakhand, Himachal Pradesh and its operations are spread across 28 states and 652 cities.
Financials – Campus Activewear
Campus Activewear reported a net profit of Rs 26.86 crore in FY21, lower than Rs 72.37 crore in the previous fiscal FY20. The company’s revenue also declined to Rs 715 crore in FY21 from Rs 734.12 crore in FY20.
During the 9 months ended December 2021, Campus Activewear posted a net profit of Rs 84.80 crore and revenue of Rs 853.95 crore.
Management – Campus Activewear
Hari Krishan Agarwal is the Chairman and Managing Director of Campus Activewear. Nikhil Aggarwal is the Whole-Time Director and the CEO of the company.
Anil Rai Gupta and Ankur Nand Thadani are the Non-Independent Non-Executive Directors on the Board of the company.
Anil Kumar Chanana, Madhumita Ganguli, Nitin Savara and Jai Kumar Garg are the Independent Directors on the Board of the company.
Raman Chawla is the Chief Financial Officer (CFO) of the company.
Piyush Singh is the chief strategy officer while Prerna Aggarwal is the chief marketing officer of the company.
Disclaimer: This article is for information purposes only and should not be considered as stock recommendation or advice to buy or sell shares of any company. Investing in the stock market can be risky. It is therefore advisable to research well or consult an investment advisor before investing in shares, derivatives or any other such financial instruments traded on the exchanges.