Campus Activewear files draft papers for IPO

By

Maverick Martins

Published
Dec 27, 2021

Private equity firm TPG-backed sports and athleisure footwear brand Campus Activewear has filed draft red herring prospectus (DRHP) with the markets regulator Sebi to raise funds by floating an initial public offering.
 

Earlier this year, Campus Activewear had stated that it plans to raise around Rs 2,000 crore ($269 million) through a public offer on a valuation of Rs 10,000 crore.
 
The promoters and investors of Campus Activewear will issue 5.1 crore equity shares through its IPO.

Promoters Hari Krishan Agarwal, and Nikhil Aggarwal cumulatively will sell 1.4 crore equity shares via offer for sale. Investors TPG Growth III SF Pte Ltd will offload 3 crore equity shares and QRG Enterprises 67 lakh shares.
 
The company has claimed to have approximately 17 percent market share in the branded sports and athleisure footwear industry in India by value for the financial year 2021.
 
The Delhi-based Campus Activewear was launched in 1997 has 20 manufacturing facilities, at various locations in India. The company has a retail network of over 20,000 outlets and a strong online presence with availability on its website and leading e-commerce platforms in India.
 
JM Financial, BofA Securities India, CLSA India, and Kotak Mahindra Capital Company are the book running lead managers to the issue.