Campus IPO Listing: Despite the poor stock market sentiment, footwear company Campus Activewear IPO has had a great listing on the stock exchange. Campus Activewear is listed at a premium rate of 23.29 per cent over the IPO price. Campus Activewear is open at Rs.355 on BSE. Whereas the listing has been done on NSE at the rate of Rs 360 per share. Currently, Campus Activewear is trading at Rs 369 per share on the stock exchange.
IPO got great response
The IPO of Campus Activewear received a great response from the investors. The IPO was oversubscribed about 52 times. From institutional investors to retail investors also invested heavily in the IPO. The quota of QIB (Qualified Institutional Investors) was oversubscribed about 152 times.
The Campus Activewear IPO was open for subscription from 26 April 2022 to 28 April 2022. The company had fixed a price band of Rs 278-292 per share. And the company has raised Rs 1400 crore through IPO.
What is the business of the company?
Many footwear makers are listed in the stock market, including Bata India, Relaxo Footwears, Khadim India, Liberty Shoes, Metro Brands and Mirza International. Campus Activewear is India’s largest sports and athletic footwear brand. Through this IPO, the company will expand its business. The company focuses on in-house designing and also has a strong supply chain network.
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