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HomeMoneyCampus shoe maker is bringing IPO, up to 5.1 crore equity shares...

Campus shoe maker is bringing IPO, up to 5.1 crore equity shares will be offered

New Delhi
Campus Activewear, a company that makes Campus Shoes, is coming up with its IPO. For this the company has filed DRHP with SEBI. Campus Shoes was the largest sports and athleisure footwear brand in India in terms of value and volume in FY21. The brand “Campus” was introduced in 2005. Campus Activewear Limited plans to conduct an Initial Public Offering (IPO) of up to 5.1 crore equity shares of face value of Rs.

The IPO will be purely an offer for sale. The promoters of Campus Activewear Limited are Hari Krishna Agarwal and Nikhil Agarwal. Marquee investors such as TPG Growth III SF Pte Ltd and QRG Enterprises Ltd will sell part of their stake in the company through an offer for sale.

How much stake do the promoters of the company hold?
The promoters of the company currently hold 78.21% of the total outstanding shareholding, while TPG Growth and QRG Enterprises hold 17.19% and 3.86% of the total outstanding shareholding, respectively. The remaining 0.74% is held by individual shareholders and current employees. BofA Securities India Limited, JM Financial, CLSA India and Kotak Mahindra Capital Company are the investment bankers to the IPO.

Also read: If Piyush Jain has told the account of 284 crores, will the money be returned?

How much has the campus business spread?
“Campus” was the fastest growing scaled sports and athleisure footwear brand in India from FY 2019 to FY 2021. The company’s revenue in FY19 stood at over Rs 2 billion. Campus activewear covers over 85% of the total addressable market for sports and athleisure footwear in India. The campus has an installed capacity of manufacturing 2.56 crore pairs annually. It has over 400 distributors and over 18,200 retailers.

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