Campus Activewear plans to go public, raise Rs 2,000 crore
Sports and footwear brand Campus Activewear plans to raise around Rs 2,000 crore ($269 million) through a public offer expected to be floated next year on a valuation of Rs 10,000 crore.
The Campus management is in the process of finalising the bankers for the IPO and currently holding meetings with investment bankers, Economic Times reported citing sources aware of the development.
Campus is backed by private equity fund TPG Growth and the Havells Group’s QRG Enterprises Ltd also holds a minority stake in the company. Promoters and some existing investors are expected to dilute a part of their holdings in the issue.
“We are considering listing the company in the medium to long term and it's too early to comment on any specifics on valuation, size, and structure,” Nikhil Agarwal CEO of Campus Activewear told the Economic Times.
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.
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