Campus Activewear Limited initiated its business operations in 2005. The company is India’s largest athleisure and sports footwear brand. Its product portfolio includes Running shoes, Casual Shoes, Walking Shoes, Slippers, Floaters, Sandals and Flip Flops. Its selling happens through offline and online routes together. The manufacturing capacity for the company is close to 25.60 Million pairs across 5 factories. It has more than 400 distributors in the Indian domain across 625+ cities and 28 states. The retailer count for the company is 18200.
IPO DETAILS
Campus Activewear Limited IPO is set to launch on 26th April, 2022. The subscription timeline extends till 28th April, 2022. The size for the IPO is 1400.14 Crore Rs.. No Shares are issued through Fresh Issue. Shares issued through Offer for sale are worth Rs. 1400.14 Crore. The lot size is 51 shares and the price range is 278 Rs. – 292 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 5 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.
TABULAR REPRESENTATION OF IPO DETAILS
| IPO OPENING DATE | 26th April, 2022 |
| CLOSING DATE FOR IPO | 28th April, 2022 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 5 Rs. per share |
| IPO price band | 278 Rs. – 292 Rs. |
| LOT SIZE | 51 shares |
| MINIMUM ORDER QUANTITY | 51 shares |
| ISSUE SIZE | 1400.14 Crore Rs. |
| OFFER FOR SALE | 1400.14 Crore Rs. |
| FRESH ISSUE | No shares Available for Fresh Issue |
| LISTING AT | NSE, BSE |
| LISTING DATE | 9th May, 2022 |
IMPORTANT DATES
| IPO OPENING DATE | 26th April, 2022 |
| CLOSING DATE FOR IPO | 28th April, 2022 |
| IPO ALLOTMENT DATE | 4th May, 2022 |
| REFUNDS | 5th May, 2022 |
| DEMAT A/C CREDITED ON | 6th May, 2022 |
| IPO LISTING DATE | 9th May, 2022 |
Campus Activewear Limited IPO begins for subscription from 26th April, 2022. The IPO subscription would continue till 28th April, 2022. The allotment status for the shareholders who applied would come on 4th May, 2022. The refunds for the ones who did not get allotment would be initiated on 5th May, 2022. The DEMAT accounts of shareholders would be credited on 6th May 2022. The listing of the company would be accompanied on 9th May, 2022.
Lead Managers And Promoters
The promoters of the company are Nikhil Aggarwal and Hari Krishan Agarwal.
The lead managers are :
- JM Financial Consultants Private Limited
- Kotak Mahindra Capital Company Limited
- CLSA India Private Limited
- BoFA Securities India Limited
The minimum lot size for the company is decided at 51 shares. This holding accounts to 14892 Rs.. The maximum lot size is decided at 663 shares. This amounts to 193596 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 51 shares | 14892 Rs |
| Maximum | 663 shares | 193596 Rs. |
OBJECTIVES FOR THE IPO
- The funds can be utilised for General corporate purposes.
- The company also plans to utilise the money for further business growth purposes.
COMPANY FINANCIALS
| Particulars (in Million Rs.) | Dec. 2021 | 2020-21 | 2019-20 |
| ASSETS | 8847 | 6848 | 7192 |
| REVENUE | 8440 | 7150 | 7341 |
| NET PROFIT | 848 | 267 | 624 |
Campus Activewear Limited has an asset holding of 8850 Million Rs in December 2021. This suggests that the company has been focusing on increasing its inventory along with advancement in manufacturing facilities. The assets have been fluctuating over the years. This may be a COVID effect on the company’s front. However the revenues of the company are more or less stable.
The revenues have become stable again as per Dec. 2021 results. The net profit is interestingly unconventional for Dec. 2021. The reason is the tragic decrease in profits for March, 2021. The March end for 2021 displayed a profit close to 270 Million Rs. However this year by Dec. 2021 the company has been able to bag almost 850 Million Rs as its profit. Hence the COVID effect is before the company now and it has again come on the right track. One can surely think of investing in the company given its offline and online modes of selling and good profitability.
PROS
- Campus Activewear is the largest brand of shoes production in India.
- It has more than 18200 retailers and 400 distributors across 625 cities and 28 states. Thus its networking is really strong in the Indian Domain.
- The company has a diversified product portfolio.
- The brand recognition is very strong across India.
CONS
- Highly competitive Market. Also high inventory maintenance is required in the business segment.
Campus Activewear Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Campus Activewear Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
