Under the IPO of Campus Activewear, 5.1 crore equity shares will be sold by the promoters and existing shareholders of the company under OFS.
Campus Activewear IPO: Footwear maker Campus Activewear is going to bring its IPO. The company has filed a draft paper with the market regulator SEBI for this. According to the Red Herring Prospectus (DRHP), this IPO will be purely on offer for sale (OFS). Under this, 5.1 crore equity shares will be sold by the promoters and existing shareholders of the company.
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Shares to be sold under OFS
Promoters Hari Krishna Aggarwal and Nikhil Agarwal are among those who offered shares under OFS. In addition, it includes investors such as TPG Growth III SF Pte Ltd and QRG Enterprises Ltd. Presently, promoters hold 78.21 per cent stake in the company. In addition, TPG Growth and QRG Enterprises hold 17.19 per cent and 3.86 per cent, respectively.
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Know about the company
- Campus Activewear introduced the ‘Campus’ brand in the year 2005. It is a lifestyle-oriented sports and athleisure footwear company. It provides a divers product portfolio for the entire family.
- The company has a market share of around 15 percent in the branded sports and athleisure footwear industry in India in the financial year 2020, which has increased to about 17 percent in the financial year 2021.
- BofA Securities India Limited, JM Financial, CLSA India and Kotak Mahindra Capital Company have been appointed as merchant bankers to advise the company on public issues.
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