Campus Activewear files draft papers with Sebi to garner funds via IPO

Dustin Moskovitz

3 years ago

New Delhi: Sports and athleisure footwear company Campus Activewear has filed preliminary papers with capital markets regulator Sebi to mop up funds through an initial share-sale. The initial public offering (IPO) is entirely an offer for sale (OFS) of 5.1 crore equity shares by promoters and existing shareholders, according to the draft red herring prospectus (DRHP).

Those offering shares in the OFS include promoters — Hari Krishna Agarwal and Nikhil Aggarwal — and investors such as TPG Growth III SF Pte Ltd and QRG Enterprises Ltd.

At present, promoters hold 78.21 per cent stake in the company, TPG Growth and QRG Enterprises own 17.19 per cent and 3.86 per cent shareholding, respectively.

Campus Activewear introduced the brand ‘Campus’ in 2005 and is a lifestyle-oriented sports and athleisure footwear company that offers a diverse product portfolio for the entire family.

The brand enjoys an about 15 per cent market share in the branded sports and athleisure footwear industry in India by value for fiscal 2020, which increased to approximately 17 per cent in fiscal 2021.

BofA Securities India Limited, JM Financial, CLSA India and Kotak Mahindra Capital Company have been appointed as merchant bankers to advise the company on the public issue.

For all the latest Business News Click Here

For the latest news and updates, follow us on Google News.

Read original article here

Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – abuse@newsbit.us. The content will be deleted within 24 hours.