The scrip was listed at Rs 355, representing a premium of 21.58% to the initial public offer (IPO) price.
So far, the scrip has hit a high of Rs 366.75 and a low of Rs 336.80. Over 14.05 lakh shares of the company have changed hands in the counter till now.
The IPO of Campus Activewear was subscribed 51.75 times. The issue opened for bidding on 26 April 2022 and it closed on 28 April 2022. The price band of the IPO was fixed at Rs 278 - 292 per share.
The IPO comprised an offer for sale of upto 4,79,50,000 equity shares by existing shareholders. The company will not directly receive any proceeds from the offer, and all the offer proceeds will be received by the selling shareholders, in proportion to the offered shares sold by them.
Campus Activewear is the largest sports and athleisure footwear brand in India in terms of value and volume in FY2021. The company is primarily engaged in the manufacturing, distribution and sales of sports and athleisure footwear products. Campus Activewear is a lifestyle-oriented sports and athleisure footwear company that offers a diverse product portfolio for the entire family. The company offers multiple choices across styles, color palettes, price points and an attractive product value proposition.
The company has an approximately 15% market share in the branded sports and athleisure footwear industry in India by value for FY2020, which increased to approximately 17% in FY2021. It is one of the very few established Indian brands in a segment which is primarily dominated by international brands.
Campus Activewear reported a net profit of Rs 85.58 crore and net sales of Rs 841.84 crore in the nine months ended on 31 December 2021.
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