IPO Update: Campus Activewear IPO; Check share allotment status, listing date and grey market premium

IPO Update: Campus Activewear IPO; Check share allotment status, listing date and grey market premium The allotment status for the Campus Activewear IPO, which had the biggest subscription among IPOs published so far in 2022, will be announced next week. During the weekend of April 26-28, the first public offering of a major sports and athleisure footwear business received an extraordinary response from investors, with the offering being subscribed 51.75 times. Non-institutional investors came in second, bidding for shares 22.25 times the restricted part. Qualified institutional investors were first, with their allowed quota being subscribed 152.04 times. Retail investors purchased shares at a rate of 7.68 times the authorised quota, while employees' shares were purchased at a rate of 2.11 times. The footwear manufacturer raised about Rs.1,400 crore through a 4.79 crore equity share public offering that was wholly an offer for sale by investors and promoters. The final issue price, the top price range, is projected to be Rs.292 per share. Following three simple steps, investors who participated in the offer can check their allotment status on the BSE website or the website of the IPO registrar. The corporation is anticipated to complete the allotment process on May 4th. In most cases, the corporation must list its equity shares six working days after the issue closes. The grey market premium clearly indicated that the listing gain might be greater than 30% above the issue price, which appears to be on track given the positive response to the IPO. Campus shares traded at a price of Rs.382-387 per share, according to IPO Watch and IPO Central, which track IPO grey market premium. The projected final issue price is Rs.292 per share. The grey market is an unofficial marketplace for trading IPO shares that investors use to get a rough estimate of the listing price. The trading of IPO shares begins with the announcement of the price band and continues until the shares are listed on the stock exchanges. Campus Activewear is one of India's fastest-growing sports and athleisure footwear brands, with a 17 percent market share in branded sports and athleisure footwear and the leading volume player with 13.6 million pairs sold in the nine months ending in December 2021.