Campus Activewear Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹292
Per ShareLot Size
51 Shares
Minimum Investment
₹14,892
Issue Size
₹0 Cr
Face Value
₹5
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Campus Activewear Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
73.92%
Issue Type
Book Building
ISIN
INE278Y01022
About the Company
Campus Activewear Limited is the largest sports and athleisure footwear brand in India in terms of value and volume in Fiscal 2021. Its value in Fiscal 2021 was Rs. 7,112.84 million constituting 100% of its revenue from operations and its volume in Fiscal 2021 was 13.00 million pairs constituting 100% of total volume sold. The Company introduced its brand `CAMPUS' in 2005 and is a lifestyle-oriented sports and athleisure footwear company that offers a diverse product portfolio for the entire family. The Company offers multiple choices across styles, color palettes, price points and an attractive product value proposition. The Company had an approximately 15% market share in the branded sports and athleisure footwear industry in India by value for Fiscal 2020, which increased to approximately 17% in Fiscal 2021.
Industry Overview
India is mirroring the global trend with respect to sports and athleisure and outpaced the global growth rate of the segment. It is estimated to be Rs. 19,500 crore (USD 2.6 billion) in FY 2020 and is expected to grow at a rate of approximately 16% by FY 2025, almost doubling in size. The domestic footwear retail market in India estimated at Rs. 72,000 crore in FY 2020 is projected to grow at a CAGR of ~8% to reach Rs. 1,05,000 crore by FY 2025. Footwear industry in India has grown at a CAGR of ~9% over FY2015 to FY20.
Company History
Campus Activewear Limited was incorporated as `Action Renewable Energy Private Limited' pursuant to a certificate of incorporation dated September 24, 2008, issued by the Registrar of Companies, Delhi and Haryana at New Delhi ("RoC"). Thereafter, pursuant to a resolution passed by its Shareholders in the extra-ordinary general meeting held on November 27, 2015, the name of the Company was changed to `Campus Activewear Private Limited', and consequently, a fresh certificate of incorporation dated December 2, 2015, was issued by the RoC to the Company. The Company was converted from a private limited company to a public limited company, pursuant to a resolution passed by its Shareholders in the extraordinary general meeting held on November 9, 2021, and consequently the name of the Company was changed to `Campus Activewear Limited', and a fresh certificate of incorporation dated November 22, 2021 was issued to the Company by the RoC.
Products & Services
- The Company is primarily engaged in the manufacturing, distribution and sales of sports and athleisure footwear products.
Growth Strategy
- Leverage its brand and leadership position to benefit from the growth in the Indian sports and athleisure market with a focus on women, children and kids
- Further expand and deepen its omnichannel experience
- Targeted product development to increase diversification
- The Company intends to continue to invest in and integrate its supply chain
- Continued focus on digitization to sharpen product focus and drive retail sales
- Targeted acquisitions of products and brands
Customer Base
Wholesalers and Retailers
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 47,950,000* equity shares of face value of Rs. 5 each ("Equity Shares") of Campus Activewear Limited ("The Company" or the "Issuer") for cash at a price of Rs. 292 per equity share (including a premium of Rs. 287 per equity share) ("Offer Price") aggregating to Rs. 1399.60* crores (the "Offer") through an offer for sale comprising to 8,000,000* equity shares aggregating to Rs. 233.51* crores by Hari Krishan Agarwal, 4,500,000* equity shares aggregating to Rs. 131.35* crores by Nikhil Aggarwal (collectively, the "Promoter Selling Shareholders"), 29,100,000* equity shares aggregating to Rs. 849.39* crores by TPG Growth III SF Pte. Ltd., 6,050,000* equity shares aggregating to Rs. 176.59* crores by QRG Enterprises Limited (collectively, the "Investor Selling Shareholders"), 100,000* equity shares aggregating to Rs. 2.92* crores by Rajiv Goel and 200,000* equity shares aggregating to Rs. 5.84* crores by Rajesh Kumar Gupta (collectively the "Other Selling Shareholders", and together with the promoter selling shareholders and the investor selling shareholders, the "Selling Shareholders") (the "Offer for Sale"). The offer included a reservation of 200,000* equity shares aggregating to Rs. 5.30* crores (constituting 0.07% of the post-offer paid-up equity share capital of the company) for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constituted 15.76% and 15.69%, respectively, of the post-offer paid-up equity share capital of the company. The company and TPG Growth III SF Pte. Ltd. In consultation with the brlms, offered a discount of Rs. 27 per equity share to eligible employees bidding in the employee reservation portion ("Employee Discount"). *Subject to finalisation of the basis of allotment. Offer Price: Rs.292 per equity share of face value of Rs.5 each. Anchor Investor Offer Price:Rs.292 per equity share of face value of Rs.5 each. The Offer Price is 58.40 Times of the face value of the equity shares.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- India's largest sports and athleisure footwear brand and fastest growing scaled sports and athleisure footwear brand with a robust product portfolio across the demand spectrum
- Sustained focus on design and product innovation facilitating access to the latest global trends and styles through its fashion forward approach;
- Difficult to replicate integrated manufacturing capabilities supported by robust supply chain;
- Strong brand recognition, innovative branding and marketing approach;
- Its experienced management team
- The Offer Price, market capitalization to revenue multiple and price to earnings ratio based on the Offer Price of the Company, may not be indicative of the market price of the Company on listing or thereafter.
- There have been volatile fluctuations in its revenues and financial parameters such as profit after tax margin, Earnings before interest, taxes, depreciation and amortization ("EBITDA") margin and Gross margin in the past. There is no guarantee that these will improve in the future and the Company will be able to generate higher returns.
- Its may not be able to maintain its financial parameters such as Return on Capital Employed (ROCE) in the future.
- The company is reliant on its trade distribution and its direct-to-consumer channels for a majority of the company sales, any disruptions to the operations of these channels or its limitations on its ability to expand and grow this channel may adversely affect its sales, cash flows and profitability.
- The sports and athleisure footwear industry is highly competitive, and if its fail to compete effectively, its business, results of operations and financial condition may be adversely affected.