April 28 is the last day to subscribe to Campus Activewear IPO

April 28, is the last day to subscribe to Footwear brand Campus Activewear’s Initial Public Offering. The popular footwear brand is looking to raise ₹1,400 crores through its initial public offering (IPO). As of now, in the first two days of the subscription process, the IPO received an amazing response from investors as it was oversubscribed by 2.06 times as of 12:59 p.m., on Wednesday. Campus Activewears’s IPO is a complete offer for sale (OFS) of 4.79 crore shares by promoters and shareholders of the footwear brand. In the grey market, shares of Campus Activewear are expecting a premium of ₹105.

The footwear company was started in the year 2005. It claims to be India's biggest sports and athleisure footwear brand. It manufactures a variety of footwear and offers them at affordable prices. The Indian footwear brand sells its products via both online and offline platforms. Campus Activewear is among the top five brands with the highest sales in India. Campus had an approximately captured 15% share of the branded sports and athleisure footwear retail market in the country by value in FY20, which rose to approximately 17% share in FY21. Multiple Analysts suggest investing with a long-term view in the IPO considering good future prospects.