Hari Krishna Agarwal and Nikhil Aggarwal, promoters of the company will offload about 12.5 million equity shares in the OFS, whereas TPG Growth III SF Pte Ltd will sell up to 29.1 million shares and QRG Enterprises up to 6.05 million shares.
The initial stake offering by India’s largest sports and athleisure footwear brand will close on April 28, while the IPO listing is likely by May 9. The company will not receive any proceeds from the issue.
Delhi-headquartered Campus Activewear manufactures and distributes a variety of footwear like Running Shoes, Walking Shoes, Casual Shoes, Floaters, Slippers, Flip Flops and Sandals in multiple colours and styles at affordable prices.
Campus Activewear sells its products through online platforms and offline stores. It has a pan-India trade distribution network, with over 400 distributors in 28 states and 625 cities. The company also has 18,200 retailers across India.
50 per cent of the issue will be reserved for qualified institutional investors, another 15 per cent for non-institutional bidders while the rest 35 for retail investors. 2 lakh shares have been reserved for eligible employees.
BofA Securities India, JM Financial, CLSA India and Kotak Mahindra Capital Company are the lead managers to the issue, whereas Link Intime India Private has been appointed as the registrar to the issue.
This will be the first IPO under new rules. In December 2021, the Securities and Exchange Board of India (Sebi) tightened certain IPO rules, including new guidelines for determining the HNI quota and a longer lock-in period for anchor investors.
