Campus Activewear public offer opens for subscription today
Campus activewear initial public offering subscription today for ₹1400 crore on Tuesday and will be open till 28th April 2022.
Delhi-headquartered Campus Activewear targets to raise ₹ 1400 crore from the primary markets through the IPO. The company has fixed price band of its public offer at ₹ 278 to ₹ 292 per equity share.
The IPO is likely to get a good response as in the grey market it was trading at a premium of ₹ 72. This means the company’s share is expected to list at ₹ 364.
Campus Activewear is primarily engaged in the manufacture, distribution and sales of sports and athleisure footwear. It is one of the largest sports and athleisure footwear brands in India in terms of both value and volume.
The company’s IPO is open for subscription from April 26 to April 28 and the IPO is likely to be allotted on May 4. Whereas the tentative dates are still extended till May 9.
The company will likely get the good respond and will have a boom in the grey market which is trending.