Demand for shares of Campus Activewear Ltd., a sports footwear brand, gained momentum on the third day of its initial public offering, led by institutional investors.
The offer was fully subscribed on day one, led by demand from retail investors. Bidding by non-institutional investors picked up on day two.
The IPO—a pure offer for sale—seeks to raise Rs 1,400.1 crore at the upper end of the price band of Rs 278-292 apiece. The issue s Campus Activewear at Rs 8,886.3 crore.
The IPO comprises sale of 4.79 crore shares by private equity firm TPG and other promoters. The proceeds from the sale won't come to the company but its stakeholders.
Also Read: Campus Activewear IPO: All You Need To Know
Subscription Details: Day 3
The IPO subscribed 51.75 times as of 5 p.m. on April 28.
Institutional investors: 152.04 times.
Non-institutional investors: 22.25 times.
Retail investors: 7.68 times.
Employees: 2.11 times.
Top Research Reports On Campus Activewear IPO
Key Player In Fastest Growing Sports Shoes Category: ICICI Direct
Strong Business Model, But Valuation Is Stretched: Reliance Securities
Investment Rationale, Strategy, Financials, Key Risks: Anand Rathi
Investment Rationale, Future Growth Strategies, Valuations, Risks: KRChoksey
Well-Placed To Capture Highly Underpenetrated Footwear Segment In India: Motilal Oswal
Watch BloombergQuint's IPO Adda With Campus Activewear's Management:
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