Bombay (Maharashtra):
The first public offering (IPO) of Rs 1,400 crore from the footwear company Campus Activewear opened for registration on Tuesday. It will remain open until April 28, 2022.
Campus Activewear, headquartered in Delhi, aims to raise Rs 1,400 crore from the primary markets through the IPO. The company has a fixed price range from its public offer of Rs 278 to Rs 292 per share of shares.
The IPO is likely to get a good response as it traded in the gray market at a premium of Rs 72. This means that the company’s stock is expected to trade at Rs 364.
Campus Activewear is mainly engaged in the production, distribution and sale of sports and leisure shoes. It is one of the largest sports and athleisure shoe brands in India both in terms of value and volume.
The company’s IPO will be open for registration from April 26 to April 28, and the IPO is likely to be assigned on May 4.
The tentative listing date for Campus Activewear shares is May 9.
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