Campus Activewear IPO | Review

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Campus Activewear has come up with an initial public offer (IPO). It will open on April 26-28 at Rs.278-292 a share. The IPO issue size is around 1400.14 crore. The minimum bid will be for 51 shares and in its multiples thereafter.

Overview

Campus Activewear was incorporated in the year 2005 & it is the largest sports and athleisure footwear brand in India in terms of value and volume in Fiscal 2021. It is a lifestyle-oriented sport and athleisure footwear company that offers a diverse product portfolio for the entire family. Campus activewear also offers multiple choices across styles, color palettes, price points, and an attractive product value proposition. It is the fastest-growing scaled sports and athleisure footwear brand. The company had an approximately 15% market share in the branded sports and athleisure footwear industry in India by value for Fiscal 2020, which increased to approximately 17% in Fiscal 2021.

Promoters

Hari Krishan Agarwal – 60.35%

Nikhil Aggarwal – 13.56%

Strength & Weakness

Strengths	Weaknesses
Fastest growing footwear brand	Majorly reliant on D2C channel
Focus on design & innovation	Higher competition
Strong brand recognition	The adverse effect of COVID-19
Experience management team	Affected by seasonality
Robust supply chain & distribution network	Online sales dependent on the 3rd party

Competitors

Relaxo Footwear	Bata India	Metro Brands
Mirza International	Liberty Shoes	Khadim India

Company Financials

Year	Revenue (in Crore)	Profit (in Crore)
31-Mar-2019	596.70	38.60
31-Mar-2020	734.12	62.37
31-Mar-2021	715.08	26.86
31-Dec-2021	843.95	84.80

Object of Issue

1) To achieve the benefits of listing

2) To provide liquidity to the existing shareholders

Campus Activewear IPO Lot Size

Application	Lot	Shares	Amount
Minimum	1	51	Rs.14,892
Maximum	13	663	Rs.1,93,596

Campus Activewear IPO details

IPO Opening Date	26 April 2022
IPO Closing Date	28 April 2022
Face Value	Rs.5 per Equity Share
IPO Price	Rs.278-292 per share
Market Lot	51 shares
Minimum Order Quantity	51 shares
Listing At	NSE, BSE
Issue Size	Up to Rs.1,400 Crore
QIB Shares Offered	50% of the offer
Retail Shares Offered	35% of the offer
NII/HNI Shares Offered	15% of the offer