IPO Update: Campus Activewear’s  (IPO) Rs 1,400-crore launches on April 26; check the pricing band, lot size, and grey market premium

The pricing range for Campus Activewear’s first public offering is Rs 278-292 per equity share with a face value of Rs 5. The public offering entails the whole selling of up to 4.79 crore shares by the company’s current shareholders and promoters. The sports and athleisure footwear firm plans to generate Rs 1,400 crore through an initial public offering (IPO), which will begin on April 26 and end on April 28. The company will not get any money from the sale of the corporation. According to the information presented in the red herring prospectus, the bidding for anchor investors will begin on Monday, April 25, 2022, before the IPO (RHP).

Campus Activewear will join Bata India, Relaxo Footwears, Khadim India, Liberty Shoes, Metro Brands, and Mirza International as listed footwear peers. According to RHP, the Campus Activewear IPO is expected to go public on May 9, 2022. Campus Activewear IPO shares were seen trading at a premium of Rs 50 per share, or 17%, in the grey market. According to persons who deal in unlisted shares of the companies, the stock was trading for Rs 342 in the grey market on Thursday, compared to the IPO price of Rs 292 per share.

Campus Activewear Limited promoters currently own 78.21% of the firm, while TPG Growth and QRG Enterprises own 17.19% and 3.86 percent, respectively. Individual stockholders and present workers own the remaining 0.74 percent of the corporation.

BSE went on to say, “On subscribing in relation to Campus Activewear IPO, “Retail Individual Investors will be able to make payments through the Unified Payments Interface (UPI) as well as the Application Supported by Block Amount (ASBA). All other categories of investors must make payments via the Application Supported by Blocked Amount (ASBA) facility.”

Bidders will be able to apply for the Campus Activewear IPO in lots, with each lot containing 51 Campus Activewear shares. As a result, the minimum amount required to apply for the public issue is $14,892 (292 multiplied by 51).

The tentative date for allotment of shares is 4 May 2022, with a listing date of 9 May 2022 on the NSE and BSE. The IPO’s official registrant is Link Intime India Private Ltd.