Campus Activewear will open its IPO next week

One of the popular footwear brands in India Campus Activewear is all set to open its initial public offering (IPO) next week from April 26 and close on April 28. The company is aiming to raise ₹1,400 crore through the public issue of shares. Campus Activewar's IPO price band of the IPO is ₹278-₹292 per share. The Initial Public Offering is a complete offer for sale (OFS) of 4.79 crore shares by promoters and shareholders of the footwear brand. Meanwhile, shares of Campus Activewear are demanding a premium of ₹60 per share in the grey market. The footwear brand was founded in the year 2005. It claims to be India's largest sports and athleisure footwear brand. It manufactures a variety of footwear at affordable prices.

Campus Activewear sells its products via both online and offline platforms. The footwear company’s distribution network is spread across the length and breadth of India with over 400 distributors in 28 states and 625 cities. The company also has 18,200 retailers across India. The footwear brand is among the top five brands with highest sales. Campus had an approximately 15% share of the branded sports and athleisure footwear retail market in India by value in FY20, which increased to approximately 17% share in FY21.