Campus Activewear IPO: 87% Subscribed on April 26

Campus Activewear is the largest sports and athleisure footwear brand in India and the company making its debut in the share market.

The initial public offering of Campus Activewear opens today (April 26) and gets 87% subscribed on day 1.

The retail portion gets subscribed 1.48 times, while non-institutional investors bid for 52 percent of their quota.

The company has issued an IPO size of 3.36 crore shares, intending to raise Rs 1,400 crore through its public issue.

The IPO will close on April 28 and the price band for the offer is set between Rs 278 and 292 per share.

Campus has the largest market coverage for sports and athleisure footwear among key sports and athleisure footwear brands.

Source: Money Control