Campus Activewear launched its IPO

Campus Activewear opened its IPO for subscription on April 26. This public issue of Rs 1,400 crores will be open for subscription till 28 April 2022. 

Whereas, before the public issue opens, the good news is coming out for the company, as its gray market premium (GMP) continues to climb. According to sources, the Gray Market Premium (GMP) of Campus Activewear IPO increased to Rs 85 on Monday. Whereas, on Sunday it was at Rs 60. 

The price band for the public issue of Campus Activewear has been fixed by the company at Rs 278-292 per share. The issue will open on April 26 and will remain open till April 28. Through public issues, the company will raise Rs 1,400.14 crore by issuing 4.79 crore equity shares.

The campus is served directly by more than 425 distributors, processing orders from more than 19,200 geographically mapped retailers across India (as of December 31, 2021). It garners nearly 26.9% from Metro and Tier 1 cities and 73.1% from Tier 2 and Tier 3 cities.