The initial public offering (IPO) of Rs 1,400 crore of Campus Activewear footwear company opened for subscription on Tuesday. It will remain open until April 28, 2022.
The Delhi -headquartered Activewear Campus aims to raise Rs 1400 crore from the main market through an IPO. The company has a fixed price band for its public offering at Rs 278 to Rs 292 per equity share.
The IPO is likely to get a good response as in the gray market it is traded at a premium of Rs 72. This means the company’s share is expected to be listed at Rs 364.
Campus Activewear is primarily engaged in the manufacture, distribution and sale of sports and athletic footwear. It is one of the largest sports and sports footwear brands in India in terms of value and volume.
The company’s IPO is open for subscription from April 26 to April 28 and the IPO is likely to be allocated on May 4.
The tentative date for the listing of Campus Activewear shares on the stock exchange is May 9th.
(Except for the headline, this story has not been edited by AGRASMARTCITY staff and is published from a syndicated feed.)