The issue price of Campus Activewear shares is 23% higher than the issue price

Campus activewear made a decent debut on Dalal Street on Monday as a shoemaker, trading at Rs 360 on the National Stock Exchange (NSE), a 23% premium to its issue price of Rs 292.

On the BSE, the meter was listed at a premium of 22% or Rs 355 over the quoted issue price.

Campus Activewear's initial public offering (IPO) was opened for subscription between April 26-28, during which the company raised Rs.

In total, the issue was subscribed 51.75 times, of which the quota of qualified institutional bidders was subscribed 152 times. The participation of non-institutional bidders was subscribed 22.25 times, the participation of retailers 7.7 times.

     

Just a day before the listing, Campus Activewear IPO fetched a premium of 38-40 rupees or 7-8% above its issue price of 292 rupees in the grey market.

A week earlier, the certificate was trading at a premium of Rs 100-105 (up to 35%) per share to the issue price.

Founded in 2005, Campus Activewear is the largest sports and athletic footwear brand in India selling its products through online platforms and offline stores.

The company manufactures and sells a variety of shoes such as running shoes, hiking shoes, casual shoes, swimmers, slippers, flip-flops and sandals, which are available in various colours, styles and affordable prices.

Campus Activewear has a commercial distribution network across India with more than 400 distributors in 28 states and 625 cities. The company also has 18,200 retailers across India.

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