Global Health IPO

Campus activewear gets sebi’s nod for IPO
The IPO is entirely an offer for sale (OFS) of 5.1 crore equity shares by promoters and existing shareholders.

Footwear company Campus Activewear has filed preliminary papers with markets regulator Sebi (Securities and Exchange Board of India) to raise funds via an initial public offering (IPO).

The draft red herring prospectus (DRHP) submitted by the sports and athleisure footwear company. Those offering shares are promoters Hari Krishna Agarwal and Nikhil Aggarwal, and investors TPG Growth III SF Pte Ltd and QRG Enterprises Ltd.

Campus Activewear files draft papers with Sebi to garner funds via IPO |  Business Standard News
Image: Business Standard

Currently, promoters hold 78.21 per cent stake in Campus, while TPG Growth and QRG Enterprises own 17.19 per cent and 3.86 per cent stake, respectively.

BofA Securities India Limited, JM Financial, CLSA India and Kotak Mahindra Capital Company are the merchant bank advises the company.

IPO Detail

The IPO of lifestyle-oriented sports and athleisure footwear company Campus Activewear comprises up to 51 million equity shares of face value ₹5 through a 100 per cent offer for sale (OFS), as per draft papers.
Campus Activewear, which had filed the draft papers with the Sebi in December last year. It is looking to tap the public markets with completely offer for sale (OFS) of 5.1 crore equity shares by promoters and existing shareholders.

The size of the IPO has not been revealed in the DRHP. The company’s products are under ‘Campus’ brand. Which enjoys about 15 per cent market share in the branded sports and athleisure footwear industry in India by value for fiscal 2020.

Promoters Hari Krishna Aggarwal and Nikhil Aggarwal are looking to offload up to nine million and five million equity shares, respectively, of their current shareholding through the OFS.

The IPO of Bengaluru-based Maini Precision Products Ltd (MPPL), with a face value of ₹2 per equity share. It consists of a fresh issue of equity shares aggregating to ₹150 crore.

An offer for sale of up to 2,54,81,705 equity shares. MPPL is an end-to-end solution provider engaged in process design, engineering, manufacturing, testing and supply of a variety of precision products.

As a part of the OFS, the company’s promoters will offload 60,20,765 equity shares.

About Company

Incorporated in 2006, Campus Activewear is one of the leading players in organised sports and casual footwear sector in India.

The company’s flagship brand “Campus”, is one of the largest domestic sports and casual footwear brand in India. The company has a network of over 15,000 multi-brand retail stores, company-owned exclusive outlets and e-commerce portals.

The brand enjoys about 17 per cent market share in the branded sports and athleisure footwear industry. They offers a wide variety of light weight casual footwear catering to young millennials.

 

 

 

 

Comments

comments