Campus Activewear IPO: The share allotment for the initial public offering (IPO) of leading athleisure brand Campus Activewear Limited has been completed days after the issuance closed for bidding. Investors who have not yet checked their allotment status can do the same on the BSE website or the registrar’s website Link InTime India, by submitting relevant documents. The price range for Campus Activewear IPO was set at Rs 278-292 per share share.
The good response to the Campus Activewear IPO was supported by Qualified Institutional Buyers (QIB), who subscribed 152.04 times their reserved drink. Non-institutional buyers bid 22.25 times the shares reserved for them, while private buyers oversubscribe their share 7.68 times, data shows.
What is Campus Activewear IPO GMP Today Signage?
According to data from IPO Watch, the unlisted shares of Campus Activewear are trading at a premium of Rs 60 on Friday, which was Rs 15 lower than yesterday’s gray market premium (GMP).
Since Campus Activewear IPO GMP is Rs 65 today, it means that the gray market expects a Campus Activewear IPO listing at around Rs 357 (Rs 292 + Rs 65), about 22 percent higher than the Campus Activewear IPO price band of Rs 278 to Rs. 292 per share.- Market observers have said Campus Activewear IPO GMP has remained stable despite negative sentiment in the secondary market, which is commendable.
However, it should also be noted that gray market premiums are not often accurate and the value can be tampered with. Therefore, investors are always advised to have a detailed study of the company’s financials before investing in any issue.
Campus Activewear IPO: Listing Date
With the share allotment of Campus Activewear IPO complete, winning bidders will now look to the listing date. Campus Activewear shares will be listed on both BSE and NSE on May 9. The credit to the winning bidders’ demat accounts will be done today.
Campus Activewear IPO: what analysts are saying about gains on the list
“Footwear brand Campus Activewear received good response from investors during the subscription period. It was fully subscribed 51.75 times. The company has a monopoly on branded sports and athleisure footwear in India. It also maintained its gross operations during the pandemic and is now poised for good expansion. The issue can be considered for both quoted gains and long-term investments. According to the listing documents, it has shown Bata India and Relaxo as its listed peers with a PE of 366.72 and 101.65 and campus activewear with a P/E of 78.49,” said Manoj Dalmia, founder and director of Proficient Equities Private Limited.
“Stocks appear to be in excellent condition and we expect a premium of 25 to 35 percent above the listing price. Shares can be held by long-term investors and even be listed in the long run,” said Ravi Singhal, vice chairman of GCL securities Limited.
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