Campus Activewear Limited | Globe Capital
Campus Activewear Limited
Closed
Price Band
Rs. 278 – 292
IPO Issue Period
Apr 26, 2022 to Apr 28, 2022
Issue Size
Rs. 1440.14 Cr.
Face value
Rs. 5/-
Fresh issue
Rs. NIL
Offer for sale
1440.14 Cr
Minimum Shares for Retail
51 shares
Listing on
NSE, BSE
Issue Type
Book Building
Registrar to the Issue
Link Intime India Private Ltd
Tentative Listing Date
May 9, 2022
QIB
Not More than 50% of the offer
NII
Not less than 15% of the offer
Retail
Not less than 35% of the offer

JM Financial Consultants Private Limited
BofA Securities India Limited
CLSA India Private Limited
Kotak Mahindra Capital Company Limited

Campus Activewear Limited (“Campus”) was incorporated on September 24, 2008. Campus is the largest sports and athleisure footwear brand in India in terms of value and volume in Fiscal 2021. Campus introduced their brand ‘CAMPUS’ in 2005 and is a lifestyle-oriented sports and athleisure footwear company that offers a diverse product portfolio for the entire family. Campus offers multiple choices across styles, colour palettes, price points and an attractive product value proposition.

Campus Activewear Limited has a pan-India trade distribution network, with over 400 distributors in 28 states and 625 cities. The company also has 18,200 retailers across India.

The company owns and operates five manufacturing facilities across India with an installed annual capacity for assembly of 25.60 million pairs as of September 30, 2021. Hari Krishan Agarwal and Nikhil Aggarwal are the company promoters.

For year/ period ended ( in Cr.)

H1FY22 FY21 FY20
Total Revenue 711.28 732.04 594.87
Profit After Tax 26.86 62.37 38.60
EPS 0.88 2.05 1.28
OPM (%) 16.84% 18.90% 17.12%
PATM (%) 3.78% 8.52% 6.49%
  • India’s largest sports and athleisure footwear brand and fastest growing scaled sports and athleisure footwear brand.
  • Sustained focus on design and product innovation facilitating access to the latest global trends and styles through our fashion forward approach.
  • Difficult to replicate integrated manufacturing capabilities supported by robust supply chain.
  • Robust omnichannel sales and distribution network with pan-India presence and move to premium category.
  • The experienced management team.
  • The company will not receive any proceeds from the Offer for Sale.

At the upper band of Rs 292, the IPO looks overpriced. Hence cash surplus investors may consider investing in this issue for the long term.

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