Campus Activewear raises Rs 418 crore from anchor investors as it launches IPO
Sports and athleisure footwear brand Campus Activewear has raised Rs 418.29 crore from its anchor investors by allocating them 14,325,000 equity shares at Rs 292 each ahead of launching its initial public offering.
Campus Activewear’s anchor investors which participated in this pre-IPO investment include Abu Dhabi Investment Authority, Fidelity Funds, Nomura, Societe Generale, BNP Paribas Arbitrage, and Goldman Sachs (Singapore) Pte, according to the business’ filing on the Bombay Stock Exchange, accessed by the Press Trust of India.
The anchor round also saw participation from HDFC Life Insurance Company, ICICI Prudential Life Insurance Company, ICICI Prudential Mutual Fund (MF), Aditya Birla Sun Life MF, Motilal Oswal MF, DSP MF, and Nippon India MF, among others.
The business’ IPO will be entirely an offer for sale by its promoters Hari Krishna Agarwal and Nikhil Aggarwal and numerous existing shareholders. Shareholders planning to offload shares in the offer for sale include TPG Growth III SF Pte Ltd, QRG Enterprises Ltd, Rajiv Goel, and Rajesh Kumar Gupta.
The initial share-sale opened for public subscription on April 26 and will run until April 28. The business aims to raise Rs 1,400 crore at the upper end of the price band of Rs 278 to Rs 292 a share.
Campus Activewear launched its family-oriented brand Campus in 2005 and retails a wide selection of sneakers and casual footwear. The brand retails from its dedicated e-commerce store and retail outlets across India.
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