Campus Activewear IPO - Strong Business Model, But Valuation Is Stretched: Reliance Securities

Campus Activewear IPO - Strong Business Model, But Valuation Is Stretched: Reliance Securities

Campus Activewear sport shoes. (Source: Company website). 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Reliance Securities' IPO Report

Campus Activewear Ltd. is the largest and fastest-growing sports and athleisure footwear brand in India. The company’s market share has further increased to 17% in FY21, from 15% in FY20.

Campus is one of the very few established Indian brands in a segment that is primarily dominated by international brands. Campus covers 85% of the total addressable market for sports and athleisure footwear in India.

The product portfolio includes running shoes, walking shoes, casual wears, floaters, slippers, flip-flops and sandals offered in multiple colors, styles and price range.

Campus has 1,433 active styles for men, 241 active styles for women and 485 active styles for kids and children.

The company has a pan India presence with a network of over 400 distributors in 28 states and 625 cities. It also has 18,200 retailers across India.

Click on the attachment to read the full IPO report:

Reliance Securities Campus Activewear IPO.pdf
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