Campus Activewear IPO
Campus Activewear IPO — date, price band, lot size & details 2022
Campus Activewear listed on 9 May 2022 at ₹360, 23.3% above the ₹292 issue price.
Campus Activewear is the largest sports and athleisure footwear brand in India by value and volume in Fiscal 2021. Its total income was Rs 715.08 crore in FY2021.
Stock price
Campus Activewear is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 26 Apr 2022
- Close 28 Apr 2022
- Allotment 04 May 2022
- Refund/credit 05 May 2022
- Listing 09 May 2022
Issue summary
The terms of the offer, as filed.
| IPO Dates | 26 to 28 Apr, 2022 |
|---|---|
| Price Band | ₹278 – ₹292 |
| Face Value | ₹5 |
| Lot Size | 51 Shares |
| Issue Size | ₹1399.77 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 27.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,892 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 51 shares at the ₹292 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 51 | ₹14,892 |
| Retail (max) | 13 | 663 | ₹1,93,596 |
| S-HNI (min) | 14 | 714 | ₹2,08,488 |
| S-HNI (max) | 67 | 3,417 | ₹9,97,764 |
| B-HNI (min) | 68 | 3,468 | ₹10,12,656 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 596.70 crore in FY2019 to Rs 843.95 crore in the nine months to 31 December 2021.
- 02Profit after tax was Rs 84.80 crore in the nine months to 31 December 2021, far above Rs 26.86 crore in FY2021.
- 03It was the largest sports and athleisure footwear brand in India in Fiscal 2021.
- 04EBITDA was Rs 165.22 crore in the nine months to 31 December 2021, as per the RHP.
- 05It has a wide network of over 400 distributors and about 18,200 retailers.
Risks · 5
- 01The whole Rs 1,399.77 crore issue was offer for sale, so no money went to the company.
- 02The pre-issue P/E was 331.82 at the upper band of Rs 292, based on EPS of Rs 0.88.
- 03Profit fell from Rs 62.37 crore in FY2020 to Rs 26.86 crore in FY2021.
- 04Total borrowing was Rs 174.18 crore on 31 December 2021.
- 05Promoters and the promoter group held 78.21% before the issue and 74.1% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Campus Activewear offer document.
| Metric | 31 Dec 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 884.69 | 684.75 | 719.22 | 505.55 |
| Total Income | 843.95 | 715.08 | 734.12 | 596.70 |
| Profit After Tax | 84.80 | 26.86 | 62.37 | 38.60 |
| EBITDA | 165.22 | 119.81 | 138.33 | 101.86 |
| NET Worth | 402.55 | 312.64 | 284.75 | 201.77 |
| Reserves and Surplus | 250.38 | 161.13 | 132.99 | 199.05 |
| Total Borrowing | 174.18 | 135.60 | 243.26 | 174.76 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Campus Activewear RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Campus Activewear IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹0.88 | ₹3.72 |
| P/E Ratio (x) | 331.82 | 78.49 |
| Market Cap at Offer Price (₹ Cr) | ₹28,138.18 | ₹6,656.34 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹292 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Campus Activewear IPO will be updated shortly.
Campus Activewear IPO Anchor Investors
32 anchor investors across 19 fund houses committed ₹418.31 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It was the largest sports and athleisure footwear brand in India by value and volume in Fiscal 2021, as per the Technopak report. Its range covers running shoes, walking shoes, casual shoes, floaters, slippers, flip flops and sandals.
It sells online and offline through over 400 distributors in 28 states and 625 cities and about 18,200 retailers. It has five manufacturing facilities with installed annual assembly capacity of 25.60 million pairs on 30 September 2021.
The IPO was Rs 1,399.77 crore and was entirely an offer for sale by the promoters, TPG Growth III SF and other shareholders, so the company received none of the money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Campus Activewear IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
172 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Bofa Securities India Limited
64 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).
CLSA India Pvt. Ltd
18 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Campus Activewear?
The current Grey Market Premium is ₹50, or 17% over the issue price.
What is the Campus Activewear IPO price band?
₹278 to ₹292, on a face value of ₹5.
When is the allotment?
The basis of allotment is 4 May 2022, with listing on 9 May 2022.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
