News Update

Campus Shoes IPO expected to hit Stock Market in May

• ByStartupStory     |    April 18, 2022

Campus Shoes IPO may hit primary markets in May. According to market sources, the leading athleisure and sports footwear company is planning to get listed on stock exchanges in May 2022. Campus Shoes had filed a Draft Red Herring Prospectus in 2021. In its DRHP, the footwear giant had proposed an Offer for Sale (OFS) of 5.10 crore equity shares by promoters as well as existing shareholders through this public issue.

Campus Shoes promoters offering shares in this OFS include Nikhil Aggarwal and Hari Krishna Agarwal. The equity shares offered in OFS include investors such as QRG Enterprises Ltda,TPG Growth III SF Pte Ltd etc.

 Currently, Campus Shoes promoters hold a 78.21% stake in the company, TPG Growth and QRG Enterprises own 17.19% and 3.86%, respectively. The balance 0.74% stake is held by individual shareholders and current employees of the firm. Raman Chawla, CFO at Campus Activewear noted that the company has plans to hire additional hands to supplement its sales network expansion. Commenting about e-commerce  Chawla said that 20% of its business is now coming from new-age digital sales channels.

Besides, Campus Shoes, which is backed by equity fund TPG Growth and QRG Enterprises, also has plans to further expand its offering in the high-margin women and kids portfolio.

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