Campus Activewear submits draft documents to Sebi to raise funds via IPO, Retail News, ET Retail

New Delhi: Sports and leisure footwear company Campus Activewear has filed preliminary documents with capital markets regulator Sebi to mop up funds with an initial sale of shares. The initial public offering (IPO) is entirely an offer to sell (OFS) of 5.1 crore shares by existing promoters and shareholders, according to the Draft Red Herring Prospectus (DRHP).

Those offering shares in the OFS include promoters – Hari Krishna Agarwal and Nikhil Aggarwal – and investors such as TPG Growth III SF Pte Ltd and QRG Enterprises Ltd.

At present, the promoters hold 78.21 percent of the company’s share capital, TPG Growth and QRG Enterprises hold 17.19 percent and 3.86 percent of the shares respectively.

Campus Activewear introduced the ‘Campus’ brand in 2005 and is a lifestyle-focused athletic and leisure footwear company with a diverse product portfolio for the whole family.

The brand has a market share of around 15% in the branded sports and leisure footwear industry in India by value in fiscal 2020, which increased to around 17% in fiscal 2021.

BofA Securities India Limited, JM Financial, CLSA India and Kotak Mahindra Capital Company have been appointed investment bankers to advise the company on the public offering.