Campus Activewear IPO Subscription Status Day 2: Details here

On the second day of the subscription period on Wednesday, the initial public offering of athleisure footwear business Campus Activewear was subscribed 3.21 times, as per PTI.

The public offer got bids for 10,79,78,526 shares against the 3,36,25,000 shares on sale, according to NSE statistics.

According to PTI, non-Institutional Investors obtained 5.67 times the number of subscriptions, Retail Individual Investors received 3.94 times, and Qualified Institutional Buyers received 13%.

The IPO consists completely of an Offer for Sale (OFS) of up to 4,79,50,000 equity shares.

Promoters Hari Krishna Agarwal and Nikhil Aggarwal, as well as current owners TPG Growth III SF Pte Ltd, QRG Enterprises Ltd, Rajiv Goel, and Rajesh Kumar Gupta, are among those selling shares in the OFS, said PTI.

The promoters currently own 78.21% stakes of the company, while TPG Growth and QRG Enterprises own 17.19% and 3.86 percent, respectively.
The IPO's price range is Rs 278-292 per share.

On Monday, anchor investors gave Campus Activewear a little more over Rs 418 crore.

The offer's managers include JM Financial, BofA Securities India, CLSA India, and Kotak Mahindra Capital Company, PTI said.

Campus Activewear launched the 'Campus' brand in 2005 and now offers a wide range of products for the entire family.

(With PTI inputs)