Campus Activewear IPO allotment to start tomorrow

Popular footwear company Campus Activewear has received an amazing response from investors in its initial public offering (IPO). The issue of Campus IPO has been oversubscribed by 51.75 times. The allotment of the IPO of Campus Activewear is scheduled for May 4.  Meanwhile, the Grey market premium of the footwear brand’s shares has declined a bit to ₹95 from ₹105 earlier. The Initial Public Offering of Campus Activewear is in the price range of ₹278-₹292 per share.

The footwear company is among the top five brands with the highest sales in India. Campus Activewear had captured approximately 15% market share of the branded sports and athleisure footwear retail market in India by value in Financial Year 2020. In the Financial year 2021, the market share of the company increased to approximately 17% in FY21. While recommending this issue for long-term investors only, the head of research at Swastika Investment, Santosh Meena, commented, “Campus Activewear Limited is India's largest sports and athleisure footwear brand, it enjoys competitive advantages like integrated manufacturing facilities, strong brand recognition, robust distribution network. The company has good growth prospects, good relationships with its stockists & suppliers, a focus on in-house designing, and an enviable supply chain network.”