Campus Activewear raises Rs 418.3 crore from anchor investors ahead of IPO
- ByStartupStory | April 26, 2022
Sports and athleisure footwear brand Campus Activewear, on April 25, raised INR 418.3 crore from 32 anchor investors ahead of its IPO. The IPO will open for subscription on April 26.
In consultation with merchant bankers, the brand has finalised the allocation of 1.43 crore equity shares to anchor investors at a price of INR 292 per equity share.
Marquee investors participated in the anchor book included Nomura, Eastspring Investments, HSBC Global Investment Funds, Abu Dhabi Investment Authority, Fidelity Funds, Ashoka India Equity Investment Trust, CLSA, NVIT Emerging Markets, Affin Hwang, IMCO Emerging Markets, Invesco, GMO Emerging Domestic Opportunities Fund, Societe Generale, and Goldman Sachs.
Domestic investors, including HDFC Life Insurance Company, Nippon Life, Motilal Oswal MF, Aditya Birla Sun Life, HDFC Trustee, ICICI Prudential, Franklin India, and DSP MF, also invested in the Campus Activewear via anchor book.
Campus Activewear is now planning to raise INR 1,398.68 crore at the higher end of the price band via the public issue of 4.79 crore equity shares. The Initial Public Offering is a complete offer for sale by promoters — Hari Krishan Agarwal and Nikhil Aggarwal -as well as investors (TPG Growth III SF Pte Ltd, and QRG Enterprises). The price band for the offer, which will be closing on April 28, has also been fixed at INR 278-292 per share.
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