Campus Shoes IPO planning to come soon!

Campus Shoes IPO planning to come soon! Campus Shoes filed a DRHP (Draft Red Herring Prospectus) last year, proposing an Initial Public Offering (IPO) of 5.10 crore equity shares by promoters and existing shareholders. The sports and athleisure footwear firm plans to float on stock exchanges in May 2022, according to market sources. Last year, Campus Shoes filed a DRHP (Draft Red Herring Prospectus). The footwear firm suggested an Offer for Sale (OFS) of 5.10 crore equity shares by promoters and current shareholders through this public offering in its DRHP. Hari Krishna Agarwal and Nikhil Aggarwal, both of Campus Shoes, are offering shares in this OFS. TPG Growth III SF Pte Ltd and QRG Enterprises Ltd are among the investors offering equity shares in OFS. Campus Shoes promoters currently own 78.21% of the company, 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. Campus Shoes promoters currently own 78.21% of the company, while TPG Growth and QRG Enterprises own 17.19% and 3.86 percent, respectively. Individual stockholders and present workers of the company own the remaining 0.74 percent stake. ABOUT CAMPUS SHOES The Delhi-based sports and the athleisure footwear brand is considering expanding its distribution network and expanding its operations in western and southern India. In addition, Campus Shoes, which is financed by TPG Growth and QRG Enterprises, intends to increase its high-margin women's and children's portfolio. Raman Chawla, CFO of Campus Activewear, described the distribution network development plan as follows: "Campus will continue to develop its direct-to-consumer channel in order to drive premiumization and growth in new consumer groups like as women and children. We anticipate that these activities will significantly expand our network coverage in India." According to Chawla, the company also intends to hire more people to help with the expansion of its sales network. When discussing e-commerce, he stated that new-age digital sales channels currently account for 20% of the company's revenue. "In the last three years, it has gone from 20 crore to 400 crore," Chawla remarked. The company is focusing on the domestic market as part of its plan, and it believes it has ample room to expand. According to Chawla, the sports and athleisure footwear market is worth over 9,000 crore and is migrating toward branded players, according to a Technopak Report. In India's branded sports and athleisure footwear sector, Campus Activewear claims a market share of 17% by value in FY21.